Vehicle appraisal costs?
- Thread starter JPMODL
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patrick66
Old Man with a Hat
$300 is the going rate around here in OK.
Save yourself some money and go with a company that doesn't require one. I know Hagerty doesn't and their cost is very low. The appraisal would be my annual premium on 2 classic cars.
stubs300
Senior Member
Seems like most companies just want a couple of pictures so they have a complete view of the car, agreed value is agree value. No need for a appraisal. You just pay the premium for that agreed value. What company wants this? Good Luck
azblackhemi
Old Man with a Hat
Hagerty insured my 66 NY'er for $15,000 and my 48 Desoto for $25,000 no questions asked, no appraisal.
patrick66
Old Man with a Hat
Most of the standard insurance companies. (Farmers, State Farm, etc) require one. Specialty insurers like Hagerty do not.
fury fan
Senior Member
And ironically (in the case of SF anyway) they have Stated Value, not Agreed Value. So if totalled, they'll pay the actual value of the car at the time of claim, which is CAPPED by the stated value. That's my understanding of it, but I could be a little wrong.
patrick66
Old Man with a Hat
Stated Value will screw you every time! USAA insured my '70 Ford F250 for stated value. $7,500. It got destroyed in a tornado. They initially offered me $2,275. I told them to go **** themselves. It took arbitration before the State Insurance Commission for mr to get $5,780 and I keep the truck. Never mind I had TWO appraisals from insurance-recognized appraisers for $7,500 and $7,800 respectively. The same truck today would be $22,500 to $25,000. It was that nice.
Stated Value will **** you hard. Believe it.
Stated Value will **** you hard. Believe it.
Hagerty is a really good insurance company for our vehicles in my opinion. They don't screw around with you on the details of your accident and they simply charge you premiums for what you claim your vehicle is worth and you pay the agreed value rate accordingly to protect you in case of an accident. They don't lose money that way and neither do you. Their appraiser does have to make a decision as to whether your agreed value is within a reasonable bound to accept the coverage you request but I have not had any issues with that so far - and I have been reasonable and not trying to scam them - I just want my car covered such that if anything unfortunate happened to it, I would be able to recover without getting shafted.
All the other insurance companies are just crooks IMO.
Hagerty will get all my business for these cars. Their policies reflect a really enlightened management team and their call handling is excellent - very enlightened and competent persons are on every call I have made to them.
Even their Drivers Club magazine is first class - very high quality publication and most of the editors of that magazine are former Car & Driver magazine writers.
All the other insurance companies are just crooks IMO.
Hagerty will get all my business for these cars. Their policies reflect a really enlightened management team and their call handling is excellent - very enlightened and competent persons are on every call I have made to them.
Even their Drivers Club magazine is first class - very high quality publication and most of the editors of that magazine are former Car & Driver magazine writers.
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Jakter
Well-Known Member
If you drive your cars for more than to and from a show you better talk to Haggerty.
They told me they don't discourage you from driving your car and if you want to take a drive or use it to go to the store and get in an accident, they would evaluate paying a claim on a case by case basis.
I felt that meant minor fender bender on way to store, probably covered, cause an accident that kills someone, you might be out of luck.
They told me they don't discourage you from driving your car and if you want to take a drive or use it to go to the store and get in an accident, they would evaluate paying a claim on a case by case basis.
I felt that meant minor fender bender on way to store, probably covered, cause an accident that kills someone, you might be out of luck.
fury fan
Senior Member
While I don't disagree that they told you that, I doubt they can decide *after* an accident if they'll cover it - especially on the liability component of the insurance.
Jakter
Well-Known Member
Eligibility Guidelines | Hagerty Insurance Agent Business Center
Our policy allows the collector vehicle to be used for club functions, exhibitions, organized meets, tours and even occasional pleasure driving — it just can't be a daily driver. Regular driving to work and/or for errands up to 5 months a year as a Seasonal Driver may be considered.
What does "may be considered" mean?
Our policy allows the collector vehicle to be used for club functions, exhibitions, organized meets, tours and even occasional pleasure driving — it just can't be a daily driver. Regular driving to work and/or for errands up to 5 months a year as a Seasonal Driver may be considered.
What does "may be considered" mean?
polara71
Old Man with a Hat
Correct me if im wrong , doesn't the primary insurance kick in where the collector insurance fails?
patrick66
Old Man with a Hat
What "primary" insurance? Who carries two policies on a car?
polara71
Old Man with a Hat
patrick66
Old Man with a Hat
The collector policy IS the policy. There is no need to purchase any kind of secondary policy. My Hagarty policy covers comp/collision, liability, uninsured motorist...all of that.
1966newport
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doesnt work that way that your daily deiver coverage comes into play
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Apppropriate avatar
patrick66
Old Man with a Hat
@1966newport - Wrong, wrong, wrong. I've had experience with tornado totals. Hagarty was my only policy on my old cars, and they paid out within a week on all four vehicles. Hagarty doesn't insure "daily drivers", nor does any other specialty insurer. My insurance I had on my "dailies" was for my daily drivers only, and had/has nothing to do with my classic being insured.
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