Quote:
Originally Posted by Firedup6975
I can honestly say I have Hagerty they claim they raise values according to the market, and my cars have been up graded in value twice. They contacted me for permission to up grade them for an additional cost to my yearly premium, or choose to keep the valuation they are at. Would I actually get what their values are set at? I don’t think so if selling. If they get wrecked? Not sure never had to cash in on a claim, and hope I never have to.
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Hagerty policies for classic cars are typically what's referred to as "agreed value" policies. You're paying a premium based on that agreed value, which is why they raise your premium when they raise the "value" of your car.. So if the car is ever considered a "total loss", they pay you the agreed value.