Agreed Value Insurance | FerrariChat

Agreed Value Insurance

Discussion in '612/599' started by imcarnuts, Sep 24, 2014.

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  1. imcarnuts

    imcarnuts Formula Junior
    Rossa Subscribed

    Feb 16, 2011
    362
    Steeler Country
    Full Name:
    Duffy
    #1 imcarnuts, Sep 24, 2014
    I was talking with my insurance agent concerning insurance on my 599 GTO. Basically if it is stolen or destroyed I'm SOL as the insurance company will depreciate the car even though they are holding value and may appreciate in the future. Curious how others are handling this. On option is agreed value insurance and he is getting me a quote.
     
  2. tortesq1

    tortesq1 Formula Junior

    Feb 6, 2012
    844
    New York
    Full Name:
    Stephen H. Frankel
    #2 tortesq1, Sep 24, 2014
    Agreed value with future appraisals, as appropriate, to reflect current market conditions.
     
  3. Roupin

    Roupin Formula 3

    Oct 7, 2013
    2,167
    Encino
    Full Name:
    Roupin
    #3 Roupin, Sep 24, 2014
    Agreed value insurance here. Two companies that I've personally been insured with are Hagerty and Grundy. They don't depreciate the car and your premium is based on the vehicle type and insured amount.
     
  4. montegoblue

    montegoblue Formula Junior
    Rossa Subscribed

    Aug 7, 2009
    534
    East TN
    #4 montegoblue, Oct 11, 2014
    Leland West gave me a much better quote btw
     

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