[DeTomaso] Insurance Coverage Limits

Wed Apr 29 12:09:19 EDT 2015

Called Hagerty and bumped my agreed value coverage to $80k, based on their valuation page. 

I was pitifully low at $35k coverage (purchase price in 2006).

$83 more a year and they want a recent photo for their file.

From: michaelsavga at gmail.com
Date: Wed, 29 Apr 2015 10:57:51 -0400
To: charlesmccall at gmail.com
CC: detomaso at poca.com
Subject: Re: [DeTomaso] Insurance Coverage Limits

Because I feel that mine is worth more and I see the rising values,

all of them will eventually be asking if you are smart enough to keep your
coverage

in line with market pricing.

My engine alone is worth a great deal and  if not me, who?

Links would be appreciated, anecdotal values won't help much.

Thanks

Michael

On Wed, Apr 29, 2015 at 10:49 AM, Charles McCall <charlesmccall at gmail.com>
wrote:

> Don't know, but my classic car insurance company in Spain made a similar
> request. I sent them ads to justify increasing the value on my policy.
> After a few, erm, debates they sent an appraiser to look at my car and I'm
> waiting for his report. In my case, I have more interest in being properly
> insured than they do, so I did some of the legwork to make sure it was
> right.
>
> I'd be really happy if I could have a policy that says "if my car blows
> up, I just want another one in the same condition, not more, not less". I
> don't want to make money or lose money, just make sure that my investment
> is covered.
>
> On Wed, Apr 29, 2015 at 4:41 PM, Julian Kift <julian_kift at hotmail.com>
> wrote:
>
>>    Send them a link to the Hagerty valuation page, that is made up of a
>>    cross section of sales, or a copy of the relevant page from latest
>>    Glass's Classic car value guide.
>>
>>    The question is why do you have to do the legwork and become their risk
>>    underwriter? They should be aware of the current market values,
>>    unless you are trying to convince them you have a 1:10 or so that is
>>    worth signiificantly more?
>>
>>    Julian
>>
>>
>>    From: michaelsavga at gmail.com
>>    Date: Wed, 29 Apr 2015 10:23:11 -0400
>>    To: detomaso at poca.com
>>    Subject: [DeTomaso] Insurance Coverage Limits
>> Greetings all,
>>
>> In light of the rapidly rising values of our cars, we need to establish a
>> database of recent sales for comps to supply to carriers.
>>
>> My agency Barrett-Jackson ( AIG underwrites it ) is asking.
>>
>> If any or all of you can send links to recent sales at any location,
>> private sale, auction, dealer.
>>
>> Please help,
>>
>> I'll share all the info.
>>
>> Michael Shortt
>>
>> --
>>
>>
>>
>>
>>
>>
>>
>> Michael L. Shortt
>> Savannah, Georgia
>> www.michaelshortt.com
>> michael at michaelshortt.com
>> 912-232-9390
>>
>>
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-- 

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

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   Called Hagerty and bumped my agreed value coverage to $80k, based on
   their valuation page.