Re: [Chrysler300] What is the preferred Classic Car Insurance in the Club?

[Mike <mwl1967@xxxxxxx>]

Hey Guys, it's important to know that an agreed amount policy is very different ( and preferable ) to a stated amount policy. The agreed policy is what the insurer agrees to pay in the event if a total loss. The stated amount policy means the insurer will pay "up to" the amount stated in the event of a total loss. Example; your car has a stated amount of $50k and the insurer decides it's only worth $30k then they're going to pay $30k. If they determine it's worth $75k and you forgot to adjust the value of your policy then they'll still pay $50k.  

On a side note I've had two collector car collision claims in my shop and they were both with Hagerty and they were a pleasure to deal with. On another side note if you've got Geico on any of your daily drivers switch to any other company... ASAP.

Mike Laiserin

Sent from my iPod

On Mar 3, 2012, at 4:22 PM, Sam Cohen <scohen@xxxxxxxxxxxxxxxxxxx> wrote:

> Hi John,
> 
> I use Chubb and like them. They accept stated value for the cars and I've never had issues in terms of them asking about miles on cars. I had one claim and they paid up right away.
> 
> Thanks,
> Sam Cohen
> President
> Energy Solutions
> 1610 Harrison Street
> Oakland, CA 94612
> 
> ph: (510) 482-4420 x222
> f: (510) 228-1700
> www.energy-solution.com<http://www.energy-solution.com/>
> 
> [Description: ES-logo-1x1]
> 
> From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On Behalf Of John McAdams
> Sent: Saturday, March 03, 2012 3:21 PM
> To: Chrysler300@xxxxxxxxxxxxxxx
> Subject: [Chrysler300] What is the preferred Classic Car Insurance in the Club?
> 
> My Classic Car insurance is about to expire. What insurance is preferred in
> the Club. This has been covered at length in the past but my memory just
> won't let me recall the answer. I think it was Hagerty but I am not sure.
> As I recall, the reason that most people preferred a certain Insurance was
> the ability to state an actual value (maybe it was called an "agreed upon
> value") on their vehicle instead of whatever the insurance company wanted to
> limit you to. They also cited the ability to drive the vehicle other than
> just to and from a car show or event. It would be nice to be able to just
> drive it for pleasure to the mountains or up the coast to enjoy the drive
> with perhaps a limit on miles driven per year for pleasure.
> 
> I hope this does not start yet another huge marathon posting. Just a few
> opinions (maybe a half dozen or so) will let me know the basic preferences.
> Call it a poll with the reasons you prefer your insurance company.
> 
> If this is available in some sort of searchable archive, just let me know
> how and where to conduct a search.
> 
> Thanks if advance.
> 
> Big John Mc Adams
> 
> (In SoCal)
> 
> [Non-text portions of this message have been removed]
> 
> [Non-text portions of this message have been removed]
> 
> 


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