Locost insurance

[Gto7419]

Getting lots of refusals for coverage.   

Who do you guys use?

 

[fastg]

Used Hagerty for years, $310 per year agreed value. 

 

Graham 

[Vovchandr]

I use state farm agreed value. It's about $100 a month, but then goes down to $50 a month for winter months. Hagerty was about the same. 

[Gto7419]

Vovchandr, you have the # for your agent?   The local state farm said no and I'm worried hagerty is also going to say no.

[Vovchandr]

Steve Becker 518-372-1561

 

They had to relay to central office where there is a guy who's familiar with Caterhams or 7's type cars, but either way it becomes an agreed value policy so I'm not even sure if their knowledge of the vehicle matters that much as long as it's within realm of realism of what the car should be valued at. Maybe thats why they need the expert?

[jordway]

I use "Allstate", but actually they just flip it out to Hagerty anyway.  Nice part was that my Allstate agent knew exactly how to go about it, and since he manages it, to me it appears to be no different than our other homeowners and vehicle policies.  About the same as going directly to Hagerty (agreed value, $650/yr).  Looks like Vovchandr can point you to a similar set up.  I wouldn't be surprised if State Farm does the same Hagerty flip.  I think that's what most major companies do for these types of vehicles.  But, perhaps State Farm is different. 

[Gto7419]

Policy for Hagerty came through this morning.  I believe it boils down to which underwriting agent reviews the policy.  

[kayentaskier]

When I used State Farm, they carries the Caterham policy themselves