Insurance value | FerrariChat

Insurance value

Discussion in '206/246' started by pshoejberg, Dec 15, 2016.

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  1. pshoejberg

    pshoejberg Formula 3
    Silver Subscribed

    Dec 22, 2007
    1,695
    Denmark
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    Peter H
    #1 pshoejberg, Dec 15, 2016
    Hi all Dino owners. I know this is a subject that has been discussed before a year ago or so, but I need some qualified economic input. I am currently debating with my insurance company, what the current value is on my #0504, Dino 246 GT, early L-series, 4 owners car, completely restored with little spared. What is the current market value of such a car? I have tried looking at Haggerty but I do not think they differentiate between L-series and others. Any input is appreciated and I am difficult to offend.....-:)

    Best regards

    Peter
     
  2. yakxx21

    yakxx21 Karting

    Jun 29, 2013
    230
    #2 yakxx21, Dec 16, 2016
    I'm also a bit confused about costs
    I have my 73 246 insured for 200 k and hagarty charge 850 pounds
    I had other quotes at almost half that but I stay with hagarty because they are well known
    Why do other do in uk ??
     
  3. Pantdino4

    Pantdino4 Karting

    Sep 17, 2015
    160
    Los Angeles
    Full Name:
    Jim Oddie
    #3 Pantdino4, Dec 16, 2016
    Last edited: Dec 16, 2016
    Yes, Hagarty charges a lot more than other companies. The quote I got for my car was also about twice what I've been paying for decades with Heacock.

    They have to pay for all that advertising somehow, right?

    Also, I think their valuations are too low.

    https://www.hagerty.com/apps/valuationtools/1972-Ferrari-Dino_246_GT

    Edit- my car is insured for $350K and the premium is about $1K
     
  4. possum

    possum Formula Junior

    Sep 27, 2008
    307
    australia
    Full Name:
    johnno
    #4 possum, Dec 16, 2016
    Can,t you get limited use policies,drive approx 12 times a year maybe possible.
     
  5. PhatFrank

    PhatFrank Karting

    Nov 9, 2010
    198
    Norway
    #5 PhatFrank, Dec 17, 2016
    Peter, we are getting a valuation statement from a reputable UK dealer shortly for our insurance, I can send you a copy if you like. Very similar car.
     
  6. pshoejberg

    pshoejberg Formula 3
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    Dec 22, 2007
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    Peter H
    #6 pshoejberg, Dec 17, 2016
    Very appreciated Frank! Most Danish insurance companies doesn't normally cover more than maximum 125K $ and the terms and cost are unbelievable, so I need to have as much documentation in place as possible to obtain a realistic coverage. I wish I could enter a deal with a UK based company since they seems much more reasonable, but I don't believe they deal with customers abroad and now with Brexit coming up chaos is total. I guess Norway is difficult as well?

    Peter
     
  7. rosso dino

    rosso dino Karting

    Mar 5, 2009
    194
    #7 rosso dino, Dec 17, 2016
    PM sent
     
  8. PhatFrank

    PhatFrank Karting

    Nov 9, 2010
    198
    Norway
    #8 PhatFrank, Dec 18, 2016
    Our insurance company normally limits value to around 160' Euros, but they will increase this if a proper valuation is presented. Not too sure about the cost, will check.
     
  9. pshoejberg

    pshoejberg Formula 3
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    Dec 22, 2007
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    Peter H
    #9 pshoejberg, Dec 20, 2016
    Thanks to all for lots of good input here and via PM's. I have a good baseline now for my negotiations with the insurance company and I even have written valuations from other companies to use fore. Great forum.

    Regards Peter
     

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