Rgwirtz

How do you guys insure your car to cover increasing values in case of damage or theft? I think “normal” car insurance covers depreciated, but not current value correct?

itrsteve

Get a stated value policy through Hagarty or something of the like.

ClassJ

I have Hagerty on my 911T, M2CS which are two modern cars. Our classics are also under Hagerty. I had to raise the agreed values on the cars this year, which raised insurance costs. (which sucks because I don't plan to sell the cars and just raises operating costs).

Having regular insurance on anything that can't be valued accurately by "book value" will always be a huge risk. I lost at least $10K when my Cayman was totaled.

Bxstr

https://rennlist.com/forums/997-gt2-...xperience.html

https://rennlist.com/forums/997-gt2-...ce-limits.html

Rgwirtz

Thanks guys.

M3the01

U can fight those assessments... The alternative, given value policies, are crazy expensive so tough to justify. Like $1600 vs $12k? Really tough there.

achenator

Who are you getting quotes from? my agreed value on my .2 3RS is under $3k a year and I live in one of the worst states for insurance.

JC68

I use Porsche insurance. They gave me the best rate for my pleasure cars.

M3the01

I checked a few, $8-13k for $400k on the gt2rs. Who are u with?

shapiroeric

I have an agreed value policy at $250K for $2000 a year with Grundy.....

Rgwirtz

I got a quote late last year for 9,500 for a $350k policy on a Speedster. Seemed exorbitant.

M3the01

Yeah, similar scale... now u need to increase that value, same issue i have with the gt2rs.