Agreed value insurance carriers
#16
RL Community Team
Rennlist Member
Rennlist Member
I was a happy Hagerty customer for many years (15 or so) and over time had my 914, 928, and RUF 997 with them, but when I built the custom widebody Cayenne Turbo S they wouldn't add it to the AV policy saying it was too new (2009) and they didn't really handle SUVs. They tried 3 times to get management to accept it based on my history with them, but it was ultimately a no-go.
So I started looking around. The only AV carrier that would take it was Grundy, and only if I did an MVP policy with them moving all my AV cars and regular cars over to them. The costs on the policy for the regular cars and the AV cars wasn't really any higher than Hagerty or Travelers where they were insured and all of them now have Agred Value coverage.
They also have classifications for Classic, Exotic, and Regular use but none are super restrictive. I didn't have any trouble getting them to agree to my valuations based on the documentation I submitted and 3 of them are insured for 6 figures each, including the 928.
Couldn't be happier with the service and responsiveness of my agent when I reach out to him also.
So I started looking around. The only AV carrier that would take it was Grundy, and only if I did an MVP policy with them moving all my AV cars and regular cars over to them. The costs on the policy for the regular cars and the AV cars wasn't really any higher than Hagerty or Travelers where they were insured and all of them now have Agred Value coverage.
They also have classifications for Classic, Exotic, and Regular use but none are super restrictive. I didn't have any trouble getting them to agree to my valuations based on the documentation I submitted and 3 of them are insured for 6 figures each, including the 928.
Couldn't be happier with the service and responsiveness of my agent when I reach out to him also.
#17
I'm with Hagerty they've been decent enough so far and the price is reasonable. Unfortunately they're the only option in Canada as far as I'm aware. Every other agreed value policy I've seen is simply reselling Hagerty's.
#18
Rennlist Member
Another endorsement for AMIG through the NCM. I haven't filed a claim yet aside from towing, but the policy features are good (like the 9-5 provision) and price is reasonable.
I have all but my daily drivers covered through them. Five cars (~ $235k total agreed value) for about $1500/year.
I have all but my daily drivers covered through them. Five cars (~ $235k total agreed value) for about $1500/year.