I have stated value coverage on a '75 Spider with Hagerty. No proof of value needed, other than a few pictures of the car. I insured on the low end of the NADA Guides suggested pricing, though this car is actually nearer the top of their scale. I've not actually seen a mid-seventies Spider sell for as much as I have valued the car. I'm not quite sure what all of this means. . .
Overinsured in Minnesota(?), Ben -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Richard C. Wagner Sent: Thursday, August 12, 2010 9:40 AM To: Alfa Digest Subject: [alfa] Stated Value Policies Brother Raccoons: My Allstate insurance agent has told me that she can finally write stated value auto policies. I've wanted to put one on my GTV6 for some time now. But one curious caveat is that she says I have to prove the car is worth the stated value. She said that I will have to take it to someone of due stature, like a dealer, bodyshop or noted collector, and have them write a statement saying they think the car is worth X dollars. I know some of you have stated value policies on your vehicles. Have you needed to do this with your cars and insurance companies? Quizzical in Qalamazoo, Rich Wagner Montrose, CO, USA '82 GTV6 -- to be removed from alfa, see http://www.digest.net/bin/digest-subs.cgi or email "unsubscribe alfa" to [email protected] -- to be removed from alfa, see http://www.digest.net/bin/digest-subs.cgi or email "unsubscribe alfa" to [email protected]
