Was wondering how you came to a value on you car and did you have to get it appraised? I have then for my DD and I think Hagerty is charging me to much for the Bee. Thinking it would be cheaper with one insurance company. Thanks Dave
We've had State Farm for all of our vehicles, house, and an umbrella policy for years. When we bought our Satellite, our agent came out and took a few pictures and ran it through their "collector car" division - agreeing to the value I wanted on it. About a month later I received a letter that they had decided the car was only worth $9,000. I was on the phone and insured by Hagerty withing 15 minutes of reading that letter. No fuss, no muss. I wouldn't even bother checking with State Farm again for a classic car. They clearly don't know what they're looking at.
Wow that’s one of the worst horror stories I’ve heard about them. Good to know. I wouldn’t use them if the policy was free.64 Bel, they did exactly the same thing to me. Not only did they lower the coverage, but they did it without telling me and just sent a refund of the difference between the cost of what they originally said they would provide and what they dropped it to. No explanation was included with the check. When I called and asked about the check they just said one of my policy rates must have dropped, not that they reduced my coverage. I didn't know they did this until I got the renewal so I spent 5 of the 6 months insured for almost 1/2 of what I thought my coverage was. Needless to say, I switched back to Hagerty as well. When I did that, State Farm doubled the price on my umbrella policy because I didn't have all my vehicles insured with them. Needless to say I switched all my insurance to someone else. So much for 40 years of loyalty. Not an ethical company in my opinion.