Hard to say, and one of the reasons why I asked my agent about it. Understand that everyone has an “insurance score” like a credit score, and that has a significant effect on your premiums. I also have an umbrella policy that allows me to “stack” coverages as well, meaning that my auto premiums, all things being equal, would be lower that another customer without an umbrella policy, because I’m spreading the risk across multiple policies.
-D > On May 8, 2024, at 8:42 PM, Allan Streib <[email protected]> wrote: > > I wonder how Hagerty can afford to offer stated value coverage at the same > price as Allstate's "average market value" coverage? > > On Wed, May 8, 2024, at 18:56, dan penoff.com via Mercedes wrote: >> And just the point to state that I am not an insurance agent, nor have >> I played one on TV. You may very well be right, Kaleb, I would have to >> look it up. >> >> Still, a car this old should always be on a stated value policy if you >> want to protect your investment, no matter how small. No consolation >> for the W115, but I’ve had it both ways, with a standard policy through >> a mainline insurer (State Farm) or a direct policy through someone like >> Hagerty. The policy on my former CL600 was the same price between >> “regular” insurance and a stated value policy from Hagerty, which my >> Allstate agent represents as well. He pointed out that despite the >> equal cost between insurers, Hagerty would pay out stated value on a >> total loss, Allstate would go for “retail” and most likely much, much >> lower if there was a total loss. >> >> -D >> >>> On May 8, 2024, at 4:23 PM, Kaleb Striplin via Mercedes >>> <[email protected]> wrote: >>> >>> Correct me if I’m wrong, but uninsured motorist is to cover your injuries. >>> >>> >>> Sent from my iPhone >>> >>>> On May 8, 2024, at 6:00 PM, dan penoff.com via Mercedes >>>> <[email protected]> wrote: >>>> >>>> Ouch. As we say in my family, “Hindsight is always 50-50,” this is a >>>> perfect example of why having a stated value policy is worth it, even on a >>>> $1500 car. >>>> >>>> I’ve never (knowingly) had a policy that had a limit on property damage, >>>> at least not one that low. Wouldn’t this be covered under your uninsured >>>> motorist part of the policy? >>>> >>>> -D >>>> >>>>> On May 8, 2024, at 3:33 PM, David Bruckmann via Mercedes >>>>> <[email protected]> wrote: >>>>> >>>>> Indeed, the fact that the other party is not insured makes this >>>>> particularly bad. While I'm "covered" for that situation, my insurance >>>>> company's limit is $3500 in property damage. So essentially a useless >>>>> amount that won't even cover the fenders, never mind the rest of the sheet >>>>> metal and paint. >>>>> >>>>> On the bright side, I only paid $1200 for the car. On the dark side, I've >>>>> spent a fortune on replacing the interior, seat pads, engine mounts, >>>>> radiator, yadda yadda. In fact, last weekend I replaced the brake >>>>> calipers, >>>>> lines, and pads. >>>>> >>>>> D. >>>>> >>>> >>>> _______________________________________ >>>> http://www.okiebenz.com >>>> >>>> To search list archives http://www.okiebenz.com/archive/ >>>> >>>> To Unsubscribe or change delivery options go to: >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>>> >>> >>> >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
