Insurance Coverage

[9566 BA]

I called my agent at Allstate and he said I have a "stated" policy. I read the post on team camaro and drilled him pretty hard about the limitaions of my policy and the payoff and several other issues they had discussed.
All he told me was he would take care of any problem I had not to worry. I think I will call Hagerty's. I would rather not find out if my agent is right. It would be too easy to blame corperate. Jeff

[BBIGG BLOCK 396]

On the insurance around here in Houston that I have checked on for my chevelle,rather it is stated or agreed upon, you also need a legitimate classic car appraisal! I had a couple of agents that told me as long as you have an appraisial!! they would have to pay that amount!! for $35,000.00 it is $300.00 a year full coverage,fire,theft,liability uninsured, and 7000 limited miles per year.

[Kurt S]

Be careful on those appraisals. I know of a buddy who had his car insured for 15K with an appraisal to back it up. It was stolen, they told him he needed 3 appraisals, paid him $4500. He challenged in court and lost.

Agreed value is the way to go. Currently shopping around myself.
I believe State Farm has an agreed value policy now for classics, btw.

Kurt

[Stefano]

State Farm has a special policy,as Kurt stated just for classics. They insure all my cars and bikes at not only the best coverage but also the best rates.
No Company is perfect but this has been the best overall program for me.