Hello group, I feel very lucky to own a 1988.5 Ferrari 328 GTS. It is a 2 owner 12,500 mile (20,000 kms) example (personal car of Remo Ferri from Ferrari of Ontario). Rosso corsa on black. It's absolutely mint and has had a major service done last year by Ferrari of Ontario. I have it insured with Hagerty through Lant and it's time to reinsure. What is a realistic replacement value for this car. I am thinking in the range of 125K US. Can anyone recommend an appraiser in the greater Toronto area? Thanks, Bruno
Bruno: I have almost the same car: '88.5 328, red/black, 13k miles, two-owner, mint condition...only difference is that mine is a GTB. That being said, it's insured by Chubb for $125k...no appraisal, no questions asked. Alan New Jersey
I've looked at other insurers and decided to stick with Hagerty even though their rates seem quite a bit higher than I might find elsewhere. From what I can tell, if something bad does happen, they stand by their customers and don't look for money-saving options on repairs. As the 308/328s have moved up in value, I think that this is an increasingly important consideration. (I've presently got my '89 328 GTS insured with them for $90,300). Folks have said a fair amount about rates they're paying, but not a lot of information seems available on what happens if someone needs to make a claim. There's a bit of talk on this aspect in http://www.ferrarichat.com/forum/206-246/450305-insurance-advice-please.html
