[Inkedupfatboy]

I have my classic policy with Hagerty, and have been at agreed value of $25K since I bought the car in 2013.

I called today and inquired about raising said value and was greeted enthusiastically buy the representative.

I asked about $30K and she said no problem, and said the ratings were allowing up to $39K, so I bumped mine to $35K easily with no issues.

It added a bit of cost to my policy, but not a real issue for me.

 

So It seems our cars are doing well as far as collectible value goes.

I guess my sale price just got bumped up - lol

 

 

 

Photo is old, I got rid of the front bumperettes a long time ago for the euro signals. I suppose I should shoot some new photos....

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[ds968]

I have mine at  $ 50 K ( with AIG ) , I inquired about raising it to $ 75 K a few years ago and the insurance underwriter said it won’t be a problem.   I asked if that’s because the exclusivity of being among only 62 supercharged 968s world wide, but he said he didn’t even factor that in.   However, although the premium going from $ 25 K to $ 50 K was not bad at all  ( IIRC about $ 150 / year more ) , a $ 75 K agreed value policy would carry an additional premium of over $ 500 more.   I’m now  paying about $ 350 / year for the $ 50 K, but it’s important to know it’s only for the physical damage component,  I have the liability covered separately under my other policy ( with Liberty Mutual ) where all the other cars are insured.   However, he did say their max. threshold is $ 100 k for any 968 , no matter how much more valuable the car may be ( as in the factory 968 Turbos ) 

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[Inkedupfatboy]

The hagerty policy is the only one the car is on. It is 785 yearly with an additional premium for the added value.

It's pretty inclusive it seems.

Probably more than you are paying but it's relative I guess...I don't see the need to go much more than I have in the car. Cost-wise I am under the new limit so for now it works for me If the car gets totaled I make money.

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[ds968]

I just received a notice in the mail today advising that AIG will no longer offer agreed value policies for any car, but they are willing to extend incumbent customers policies until the expiration date in 2024 .    There’s a catch .. if I decided to renew , the premium from 2023 to 2024 effective dates would go from my current $ 340 / year to $ 816 / year !!    WTF,  no thank you !   

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[94SilverCab]

Dan,

 

That would be pretty much commensurate with a Hagerty policy.

 

Jay

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[ds968]

Dan,

 

That would be pretty much commensurate with a Hagerty policy.

 

Jay

 

But the Hagerty policy also includes the liability coverage, correct ?    Or are you saying it’s ONLY the physical loss agreed value, which is what I had with AIG ( it was through Barrett Jackson , who subsequently sold the insurance arm to Alliant )  .. ?

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[94SilverCab]

I don't have the policy in front of me, I believe the liabilty is pretty low ($100K/$300K). I have a large umbrella policy.

 

Jay

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[ds968]

I meant the liability premium .. which in my case is an unconventional set up as the liability and agreed value physical damage coverage is split between two different policies , and the umbrella is another third policy ..  

 

The 968 liability limits are ( same as all my other cars )  250 / 500 K ,  for an annual premium of $ 200 ( just for the 968 ) and with a actual cash value physical damage coverage for $ 175.   This policy does not have agreed value options .

 My agreed value policy ( for 50 K ) for the 968, which specifically excludes liability , is the one for which I received a notice of increase from $ 340 to $ 816.    

So to keep everything as is, the 968 would now cost me almost $ 1,200 / year .   

 

I have a $ 5 M umbrella covering 4 cars, 3 drivers, and two houses ,  which is part of a group plan with a premium of $ 950, so pretty good .  

 

Now I just have to see  what Hagerty or other specialty insurers which offer agreed value policies might charge for the 968 , and if the SuperCharger may disqualify it from agreed value insurance .    No idea why it would but insurance companies are mostly chickensh*t  when it comes to insuring anything which does not fit into their “ box “ , so we’ll see… 

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[Rap]

Do they specifically ask about the supercharger? My insurance company doesn’t. Although I don t have my car insured for as much as you do. Only answer questions asked. Especially by the FSB( FBI ).

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[ds968]

Do they specifically ask about the supercharger? My insurance company doesn’t. Although I don t have my car insured for as much as you do. Only answer questions asked. Especially by the FSB( FBI ).

They did not ask,  I gave them that information to underscore ( or “justify” )  that as one of only 62 SC’d 968s in the world, with little or no possibility of replacing it , absent  convincing another owner to sell me theirs , and then I may have to bring it up to the condition mine is in , which may include repainting it , and  or redoing the interior , would cost me easily  2 x and most likely 3x the going market rate for a NA 968.  That’s why I was considering raising the value to 75 K .    

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[Rap]

I feel real special like being one of 62!

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[lbpesq]

My ‘93 Cab if one of only 32 in Horizon Blue Metallic and the only one with the Champagne Beige (or whatever they call it) interior.   That and $6 gets me over the Bay Bridge!

 

Bill

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[Inkedupfatboy]

I have one of 11 with the chestnut brown top and interior. I believe she told me the high cap at Hagerty was $40K. I don't remember specifically, as I figured the $35 would pay me for the investment in the car and a few bucks for gas. So I didnt feel the need to max it out.

I imagine they may decline a supercharger since it's not original equipment. I am sure they can pull a spec sheet and view the car.

They will pay me my expenses to move the car in case of flood or emergency...Spare part coverage is $750 allowable with increased rates avail. I too carry a good umbrella and keep my stuff stacked as I have a bike.

I have $250/500 with $100 liability - I am not selling insurance, I just thought that since they are willing to increase the coverage, then the cars must be doing better value wise.

They were easy to work with as my agent for all other items carried them.

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[ds968]

New twist on insurance .   I’m having a broker run a search for alternative insurance companies ( I have been with the same company since early to mid 80s ! )  and I was asked for a photo of the odometer to validate the mileage I’m reporting , and then this : I was asked to provide copies of the the maintenance records for the last two years ..  WTF  ?! 

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[Inkedupfatboy]

Wow.

I just renewed the Hagerty policy

 

$1127. Quite a jump.

I had to drop my umbrella. Too much money and not enough justification as we get older. 

Not hauling and towing like I used to. Didn't make sense to keep it....

 

I would love to sell the 968 and I would be open to serious offers. I just don't drive it as much as it deserves. 

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