I've had Condon & Skelly for many years. They charge me a
little under $2 per thousand of agreed value, with a $500 deductible, while
the cars are stored. More when I notify them that I am taking them out of
storage and driving them in the summer of course.
I have never had a claim yet, so I can't testify to Condon & Skelly's
treatment of the client when they are on the paying end instead of the
receiving end, but my agent says they have been great in that regard.
One thing to keep in mind is that the handling of claims, and getting
partial damage fixed perfectly no matter what it takes, is more important most
of the time than "agreed value". Agreed value only comes into play if the car
is totaled, or it acts as a gross limiting ceiling on what the insurance
company is obligated to pay when the car is only partially damaged and
repairable for a figure under that ceiling.
For example, unless your car were rolled over, or burned up in a fire, it
wouldn't likely matter whether your high end car had an agreed value of $150K
or $75K. Most things could be fixed back up for less than that. On the other
hand, the lower the value of your car, the more important "agreed value" might
be in a loss situation. The ceiling figure might be quickly exceeded in a
relatively minor accident, and the insurance company would only have to cut
you a check for the agreed value.
Bottom line is that peace of mind doesn't really cost that much to
arrange for. But don't settle for a "stated value" policy, and have a
conversation with your insurer if they don't "agree" on what the true market
value of your car(s) is.
Keith Boonstra
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