RE: Hagerty Insurance

will · #1 10-31-2002, 04:25 PM

I have been with hagerty for about a year,about 2months ago,a tool box turned over a hit the front fender of my 67 camaro.I called them to check about it they said get an est. and call them back.

the est was 897.oo they had a check to me/shop in a few days ,told me not to worry these things happen a my rates won't go up .
well I just got my renewal notice and guess what

same as before!

defintly a thumbs up for hagerty!!!! [img]/ubbthreads/images/icons/laugh.gif[/img]

DjD · #2 10-31-2002, 11:06 PM

A little more support for Hagerty, I've used the towing and submitted a claim and got a check asap and when I needed a windshield replaced they didn't bat an eye. I actually had the work done, then submitted the claim and even though that was not their normal practice they paid up and kept it painless...

Agreeded value is the way to go. I thought stated (you state what you paid for the vehicle) value coverage is what your daily driver is covered with and if the car is totaled you get the lowest of Blue book or comps. By comps that doesn't mean Z for Z or copo for copo, that's camaro for camaro.....

djunod · #3 11-01-2002, 12:58 AM

Dennis, "Agreed Value" & "Stated Value" are the same thing and are the value you say it is. "Actual Value" is what the insurance company calls the blue book value.

Mark_C · #4 11-01-2002, 01:50 PM

<font color="red">"Agreed Value" & "Stated Value" are the same thing and are the value you say it is. </font color>

NO, NO, NO, NO. They are not the same thing, and if you have a stated value policy and suffer a loss, you can expect to get next to nothing for your car. Read your policy VERY carefully, make sure the words "agreed value" appears in it. Agreed value is the only type of policy that insures your car for a specific amount of money that you and the insurance company have "agreed" is the value of the car. Stated value is the upper limit of what the insurance company may pay you for the car. They obtain the value from the NADA used car book and from local car dealers. They do not care if the car has a 6 cylinder or a ZL1 engine. You will lose out if you have a stated value policy when it comes time to make a claim.

Check this out.
Camaros.net Discussion on Insurance - March of 2002

I have an agreed value policy on my 69 Pace Car with Haggerty. 25K value, no questions asked, no appraisal. $191 a year for complete coverage (in Mass.) with 100/300K liability.

DjD · #5 11-01-2002, 07:59 PM

This should set things straight... http://www.edmunds.com/advice/fiw/ar...7/article.html about 1/3rd of the way through it covers; agreeded, stated and actual and all 3 are different. Agreeded is the only way for a collectable!

**COPO** · #6 11-01-2002, 08:20 PM

Great link Dennis. I have an "agreed value" policy with Grundy on my cars as Hagerty did not like the fact that I had a single speeding ticket that was 3 years old.

djunod · #7 11-01-2002, 10:03 PM

My son had "Stated Value" on his '69 VW Beetle. It was recently totalled out. He got EXACTLY what we stated the value as. The stated value was $10K, which is certainly no where near the blue book value. So, I guess it depends on the insurance company and who you ask.

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