Quote:
Originally Posted by LS1Hawk
Which company are you using? A lot of collector's insurance companies don't even appraise the car. They do what's called an "agreed value." I have Grundy and that's what they do. Either way, it's kick ass. I only pay $475 a year for my Firehawk.
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Nothing about an agreed value policy necessarily negates the need for an appraisal (meaning at the time of coverage acceptance, not talking a claim event). A company may still want an appraisal before accepting the agreed value. It may be a certain threshold number (say $100k) or if the number is way off what they might expect given the make/model/etc.
For instance Hagerty didn't ask for an appraisal on my 77 with an A/V of $20k, but if I asked for $50k they might have as that would be stupid high for it.
When my 67 is done I'll be looking to get a policy with an A/V of $75k or more. I expect an appraisal will be in order. My JL8 will likely have to get on for his 69 when it is complete.