It all depends on the insurance agency and/or company.
I had a stated value policy on my 308, which required an independent
appraisal. Best thing to do is look in Hemmings for a licensed
appraiser in your area. It will also help if you can supply ads and
documentation showing what similar cars have sold for recently.
My 308 car recently became old enough that I could insure it through
Hagerty. My recollection is that they do not require an appraisal as
long the value you state is not too u reasonable for the car in
question.
YMMV,
Jeff
Sent from my iPhone
On Aug 12, 2010, at 10:40 AM, "Richard C. Wagner" <[email protected]>
wrote:
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 --
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