[DeTomaso] Insurance [WAS: Damaged Hood and Decklid]

[michael at michaelshortt.com]

I think that you are right and my terminology was wrong.  Glad to know
that your friends had nothing but happy stories(given the sad
circumstances0 to report re: Hagerty.

Thanks,

Michael in Savannah

On Tue, Aug 26, 2008 at 2:47 PM, Garth Rodericks
<garth_rodericks at yahoo.com> wrote:
> <<< I have stated value coverage through Hagerty Insurance for 65K, I'm
> under the impression that if she's a total loss, stolen, burned, etc. then I
> get a check for 65K without a hassle.  I hope I never find out. >>>
>
> Michael,
>
> Are you sure you have a "Stated Value" policy with Hagerty?  I think their
> policies are all
> "Agreed Value", which means they agree that your car is worth what it's
> insured for. A
> stated value policy typically means that their max exposure is the "stated
> value" but they
> may argue that the car was/is worth much less than the actual insured
> amount.
>
> FWIW, I have my Pantera insured with Hagerty and it's an "Agreed Value"
> policy. I know
> several club members have had claims with Hagerty and all went very well -
> they were
> professional, easy to work with, and paid out as you would hope/expect.
>



-- 
Michael L. Shortt
Savannah, Georgia
www.michaelshortt.com
michael at michaelshortt.com
912-232-9390


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