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Alpine Values?

Discussion in '"Stock" Alpine' started by Jay Laifman, Feb 22, 2007.

  1. Jay Laifman

    Jay Laifman Donation Time

    You have to be careful what you got here. There is normal insurance, "stated value" and "agreed value." With normal insurance, they will only pay you what the market value (read: what they say it is). With "agreed value" they set the premiums and pay you based on that agreed value - i.e., they AGREE to the value. But, on "stated value" all that happens is that you STATE the value but they have not "agreed" to it. So, if you make a claim, they still have the ability to argue that market value is different than what you stated. So, be careful in what you think you have versus what you really have.
  2. 65beam

    65beam Donation Time

    insurance values

    that's what i like about hagerty.i found years ago that insuring with some of the normal companies doesn't get it! i found out the hard way when an 18 year old backed his dad's pickup into the front of my harrington. his insurance paid the repairs,but i found that state farm would not pay what it took to fix it if the other guy didn't.we have a value of 22000 on the blue series 5 and 28000 on the red harrington.this should cover most repairs.the other three with hagerty have set values also.make sure you're covered enough to get them back on the road if something happens such as the flood that four of our cars set thru in 1997.( two harringtons,a series 5,and a series 1)

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