American Collectors is very affordable and they allow you to set the replacement value.
On Thu, May 9, 2024 at 12:03 AM dan penoff.com via Mercedes < mercedes@okiebenz.com> wrote: > Hard to say, and one of the reasons why I asked my agent about it. > Understand that everyone has an “insurance score” like a credit score, and > that has a significant effect on your premiums. I also have an umbrella > policy that allows me to “stack” coverages as well, meaning that my auto > premiums, all things being equal, would be lower that another customer > without an umbrella policy, because I’m spreading the risk across multiple > policies. > > -D > > > On May 8, 2024, at 8:42 PM, Allan Streib <astr...@fastmail.fm> wrote: > > > > I wonder how Hagerty can afford to offer stated value coverage at the > same price as Allstate's "average market value" coverage? > > > > On Wed, May 8, 2024, at 18:56, dan penoff.com via Mercedes wrote: > >> And just the point to state that I am not an insurance agent, nor have > >> I played one on TV. You may very well be right, Kaleb, I would have to > >> look it up. > >> > >> Still, a car this old should always be on a stated value policy if you > >> want to protect your investment, no matter how small. No consolation > >> for the W115, but I’ve had it both ways, with a standard policy through > >> a mainline insurer (State Farm) or a direct policy through someone like > >> Hagerty. The policy on my former CL600 was the same price between > >> “regular” insurance and a stated value policy from Hagerty, which my > >> Allstate agent represents as well. He pointed out that despite the > >> equal cost between insurers, Hagerty would pay out stated value on a > >> total loss, Allstate would go for “retail” and most likely much, much > >> lower if there was a total loss. > >> > >> -D > >> > >>> On May 8, 2024, at 4:23 PM, Kaleb Striplin via Mercedes < > mercedes@okiebenz.com> wrote: > >>> > >>> Correct me if I’m wrong, but uninsured motorist is to cover your > injuries. > >>> > >>> > >>> Sent from my iPhone > >>> > >>>> On May 8, 2024, at 6:00 PM, dan penoff.com via Mercedes < > mercedes@okiebenz.com> wrote: > >>>> > >>>> Ouch. As we say in my family, “Hindsight is always 50-50,” this is a > perfect example of why having a stated value policy is worth it, even on a > $1500 car. > >>>> > >>>> I’ve never (knowingly) had a policy that had a limit on property > damage, at least not one that low. Wouldn’t this be covered under your > uninsured motorist part of the policy? > >>>> > >>>> -D > >>>> > >>>>> On May 8, 2024, at 3:33 PM, David Bruckmann via Mercedes < > mercedes@okiebenz.com> wrote: > >>>>> > >>>>> Indeed, the fact that the other party is not insured makes this > >>>>> particularly bad. While I'm "covered" for that situation, my > insurance > >>>>> company's limit is $3500 in property damage. So essentially a useless > >>>>> amount that won't even cover the fenders, never mind the rest of the > sheet > >>>>> metal and paint. > >>>>> > >>>>> On the bright side, I only paid $1200 for the car. On the dark side, > I've > >>>>> spent a fortune on replacing the interior, seat pads, engine mounts, > >>>>> radiator, yadda yadda. In fact, last weekend I replaced the brake > calipers, > >>>>> lines, and pads. > >>>>> > >>>>> D. > >>>>> > >>>> > >>>> _______________________________________ > >>>> http://www.okiebenz.com > >>>> > >>>> To search list archives http://www.okiebenz.com/archive/ > >>>> > >>>> To Unsubscribe or change delivery options go to: > >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>> > >>> > >>> > >>> _______________________________________ > >>> http://www.okiebenz.com > >>> > >>> To search list archives http://www.okiebenz.com/archive/ > >>> > >>> To Unsubscribe or change delivery options go to: > >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>> > >> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
