Thread: Bad deal for my Cousin on 5/6

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I totally agree with you all on having good insurance. I really need to get insurance back on the 40. It has nothing on it and hasn't since a year after I ripped it apart. I do have an agreed policy on my Camaro with my local insurance guy. Hopefully it isn't an argue fest if anything were to happen. I can't insure it through Grundy. You can't drive it to work or any school through them. I drive it daily and if I need to drop kids off at school, I will. Hagerty wanted $1250/yr knowing I drive it a lot so I inquired locally and for $25k agreed value it is only $70/month.

Just last Saturday I was coming home from work and I saw a fire truck refilling with water at my old high school. Then a 1/4 mile later I saw several fire trucks at a residence on a side street. I found out later from my wife that a garage started on fire and it was attached and took the entire house. No one was home and the cause was still unknown last time she looked. Just a harsh reminder.....

Back to Josh's situation. I spoke with him and his insurance was through a local company in his town. He didn't remember what he had on it after the agent started going in circles. But the agent was able to dig up a policy agreement from 2019 when Josh told them the car was worth $8k. He said that was before he dumped a lot of money in it but he swore he signed another form for $20k last spring but those papers are no where to be found. So he got $8k for it and a very hard learned lesson. I went and looked at another 71 Chevelle for him. Now to try to get it on the cheap so he can try to build another one.

Originally Posted by 40FordDeluxe

I totally agree with you all on having good insurance. I really need to get insurance back on the 40. It has nothing on it and hasn't since a year after I ripped it apart. I do have an agreed policy on my Camaro with my local insurance guy. Hopefully it isn't an argue fest if anything were to happen. I can't insure it through Grundy. You can't drive it to work or any school through them. I drive it daily and if I need to drop kids off at school, I will. Hagerty wanted $1250/yr knowing I drive it a lot so I inquired locally and for $25k agreed value it is only $70/month....

Ryan, I would recommend you pull out your policy on the Camaro and read through it to find the section about claims, and especially about how they handle determining value for a total loss. At the time I was with American Family, and their policy stated clearly that my "stated value" meant nothing. I'm now with Farm Bureau, and my agent agreed that it was best for me to stay with Hagerty for the two hot rods. I understand that having a vintage car as your daily driver creates a problem with the specialty guys, and you may very well have your bases covered as best they can be, but it wouldn't hurt to read the words in the contract, which is what the policy is - a contract between you & them.

Off my soap box now. Hope you can help your cousin find a new start for his dream.