Jump to content

IGNORED

Hagerty Ins. ?


TBK1

Recommended Posts


I've had my Z and my 320 pickup insured by them since 2002 and have no complaints. For the way I use the cars they're right for me. Neither of them are daily drivers. Car shows, weekend drives, and an lunch dates with my wife are their main use. We use Allstate for the daily drivers.

Link to comment
Share on other sites

I have to ditto what the others have said. That being said, however, I 've had no reason to find out about their service...yet. They have been a pleasure to deal with on the phone and you can't beat the price. Remember the insurance is for low mileage use only. For a daily driver you need to look elsewhere. Cheers, Mike

Link to comment
Share on other sites

Don,

Great company. I have both my 240Z & 280Z with Hagerty. You do have a few restrictions such as car must be stored in an enclosed & locked garage etc. Your son won't be able to drive it either.......

Link to comment
Share on other sites

I hope Carl won't mind me posting this from Zhome. I saved it when I was deciding on collector car insurance.

I've been insured with the Hagerty Insurance Company for several years now. I can't recommend them highly enough! Their rates are always competitive and their service is top notch.

The Hagerty is the only Classic, Collectible and Special Interest insurance agency on our "Recommended Vendors" list. (takes over a hundred unsolicited positive feedbacks for a vendor to be listed there - the Internet Z Car Club's endorsement can not be purchased - as we take no commercial advertising, nor sponsorship from anyone ( the IZCC has been on-line since 1987 and always based on volunteer efforts freely given and information freely shared).

Having had all too many Classic, Collectible and Special Interest cars over the past 40 years... I have dealt with several Speciality Insurance Agencies.. and was usually satisfied with all of them. That was because I was comparing them to the normal Auto Insurance Agencies (which is a pretty low bar to meet - so to speak;-). In my personal opinion the Hagerty is head and shoulders above everyone else in their field. They are real Car People and they support our hobby with more than words...

The Hagerty was the first to recognize our Datsun 240-Z's for the true Classic's that they had become and the significant place in Automotive History they hold. As such, they were willing to raise the Agreed Values on these cars far in advance of any other providers I'm aware of; and to keep abreast of the current market values.

Of our 157 Original Owners of their Datsun 240-Z's - I'm not sure how many of them are now customers of the Hagerty, but I'll bet it is a significant number... for the Original Owners our 240-Z's are all but priceless and we all wanted to carry Agreed Values high enough that would assure our Z's would be restored to original condition if anything should happen to them... (instead of being totalled for some low ball figure) It was the Hagerty that was willing to work with us in establishing reasonable valuations at Agreed Values on our Z's.

Speaking of "happening to them"..... sad to say that in 40 years it was the Hagerty that had to pay out the first claim I ever had to file. Sad for them, GREAT FOR ME - the way they handled my claim - is the main reason I'm answering your Post. From start to finish the people at the Hagerty were simply wonderful...

You can get a quote on-line from their web site, http://www.hagerty.com/

You can e-mail: "Bob DeKorne" <[email protected]>

Or just call and ask for Bob DeKorne - and tell him Carl Beck from the Internet Z Car Club said to say hello... (1-800-922-4050 ) Bob has taken great care of our Z Car People for many years... I'm sure he'd be glad to hear from you.

You'll need some clear digital images of your cars, or you can mail hard copy...

For What It's Worth

Carl

Carl Beck

Clearwater, FL USA

http://ZHome.com

Link to comment
Share on other sites

A coincidence in that just today I got an email from Hagerty notifying me that my annual renewal was ready. Interesting was the below message advising me to consider increasing my declared value. I don't think this is just a ploy to troll for more premium dollars - I do believe that they are car guys providing advice about current and potential future market conditions. I've never had to file a claim but every contact I've had with Hagarty has been effecient - a first class organization based on my limited experience.

Thank you for choosing Hagerty for your collector vehicle insurance. Enclosed is your policy renewal invoice for the policy period July 05, 2007 to July 05, 2008. You’ll notice that we’ve included an option to review the insured value of your vehicle.

Most collectors realize that their collector vehicles are often appreciating assets. While Hagerty attends many major antique car auctions and events in order to stay current with market trends, we also recognize that no one knows more about your own collector vehicle than you do.

In general, the value trend in quality collector vehicles continues to be very positive, so we’d like you to consider the insured value of your car. We've made the following suggestion:

They then went on to recommend that I increase my declared value from $12,000 to $14,000 - for an additional $10 per year for a total of $164. Sounds pretty good to me...

Goose

Link to comment
Share on other sites

Timely thread, as I just sent in my app for my car, due out of the shop next Tuesday...$330/yr for 18k agreed value is more expensive than Grundy ($150), but the Hagerty benefits seemed worth the difference (50 miles free towing 3x/yr, for example.)

AND, you can do it all online, including uploading photos and insurance docs--very convenient--with (hopefully) quicker turnaround!

Link to comment
Share on other sites

I have insured by them. Never been dissapointed.

They don't like it if you want to drive your car to work once in a while, even to show it off. Not sure what would ever happen if there was an incident, but it is rare. I have 1 Z insured with them and one with Safeco, so it can go to work when ever the mood strikes.

Link to comment
Share on other sites

Timely thread, as I just sent in my app for my car, due out of the shop next Tuesday...$330/yr for 18k agreed value is more expensive than Grundy ($150), but the Hagerty benefits seemed worth the difference (50 miles free towing 3x/yr, for example.)

AND, you can do it all online, including uploading photos and insurance docs--very convenient--with (hopefully) quicker turnaround!

I'll bet you sent them your avatar pic too, right? LOL

Link to comment
Share on other sites

I'll bet you sent them your avatar pic too, right? LOL

...That's the second time you've made fun of my avatarLOL ...but you bring up an important point.

Hagerty insured my vehicle for incidents during the course of restoration, so yes that pic as well as several others (interior, suspension and engine pieces) were emailed to them along with my DD insurance declaration page. They could easily tell that this was a high quality stock restoration (stock 112 lime color, not yellow chromate as you mentioned earlier:cheeky: ), and insured my car in its current state for 14,000. Once it's reassembled, some new pics and a phone call will get an agreed value of 18-20k, depending on how some comp sales pan out.

And all for $140/yr (not the original $340). Pretty good, if you ask me.

Link to comment
Share on other sites

  • 11 months later...

Just renewed my Hagerty policy. After completion of the restoration, agreed value was changed to $24,000. In the course of discussion I learned that for "show" cars (which I interpret to be non-driven high level trailer queens) they will insure up to an agreed value of $31,000.

My cost was $156 per year, with Hagerty Plus membership fee ($40).

Those of us just completing restorations should consider readjusting our agreed values, as insured values are climbing.

$0.02

Link to comment
Share on other sites

I checked with them for my Triumphs and Datsuns, in all cases they were about the same cost as my local insurance company, without nearly the restrictions. With my local insurance company I can also give stated value (that they have to verify). Cost is around $200 a year for each of my cars. Only restriction is I have other cars as primary and drive less than 8500 miles a year.

I have a clean driving record and have other insurance with this carrier (Erie Insurance), so don't know if they give me a good rate for that reason. If you know you won't be driving much and will be garaged, Haggerty's is great as is Grundy, but would still shop first.

Link to comment
Share on other sites

TRtom , Stated value and agreed upon value are two different things.

Agreed, I give them a stated value and then they send someone to look at the car to see if it agrees with my assessmet. IN the past the assessor is usually within $1000 of what I stated and since he comes to look at the car I can have a little influence over his opinion, better than taking photos and then mailing them to someone 1000 miles away.

Link to comment
Share on other sites

I've never thought of Hagerty as restrictive? They do not have any mileage limits, and as long as you're driving your car for pleasure (because you want to - versus because you have to), there are no issues. Also, you must have a garage to keep the car in.

Also, "stated value" does not guarantee you would get that amount for your car were it stolen or totaled, whereas agreed value does? Exerpt from the following site: http://insurance.families.com/blog/actual-cash-value-stated-amount-or-agreed-amount (note: one of several that come up in a quick google search with this same information)

"Stated Amount or Stated Value This policy is often misunderstood, and frequently used for collector cars. Most insurance agents represent stated amount or state value policies as being the same as "Agreed Amount." It is not!

A "Stated Amount" policy usually says the insurance company will pay the lesser of: The Stated Amount or The cost to repair the covered auto not to exceed the "Stated Amount" or The "Actual Cash Value"

The "Stated Amount" helps determine the premium cost but is no guarantee of the settlement amount of the car if a total occurs. The "Actual Cash Value" is explained above and allows the claims adjuster to determine the loss often for less than the "Stated Amount". Most insurance agents are not aware of this claims detail. Many agents, unaware of the actual policy language, will insist if your collector car is stolen or totaled, you will receive the stated value. They are Wrong!

Agreed Amount or Agreed Value Policies are the only guarantee in writing of the amount you will receive if your car is stolen or totaled. There is no "Actual Cash Value" clause in the policy. The "Agreed Amount" policy says the insurance company will pay you, the lesser of: The "Agreed Amount," or The cost to repair the covered auto, not to exceed the "Agreed Amount".

With an "Agreed Amount" auto policy, your agent and you must agree together what the "Agreed Amount" should be before the policy is issued. The "Agreed Amount" should represent the true market value of the car at the time the policy is written. If the market value changes during the policy period, the "Agreed Amount" can be adjusted to reflect any market changes during the policy period and should be reviewed at renewal."

So, whereas your "regular" insurance company may give you a stated value policy for the same cost as an agreed value policy from the likes of Hagerty, you are not getting the same coverage!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

By using this site, you agree to our Privacy Policy and Guidelines. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.