Leland West agreed value amount
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Burning Brakes
Joined: May 2010
Posts: 991
Likes: 39
From: Simi Valley, Calif.
Leland West agreed value amount
Hi guys, I need some help raising my current agreed value coverage with Leland West. My current agreed value amount is $80,000. I have tried to raise my coverage amount, but Leland West says the need actual published selling prices to be able to raise the agreed value amount. I have asked about getting appraisals from a neutral party, or having some of the dealers like Sloan, Canepa, Or RPM give them current market valuations. Not good enough for them. I would like to stay with them if I can resolve this issue. if anyone has a higher agreed value coverage amount for a 993 S with Leland West, and is willing to share your coverage amount, I am hoping I could have them review their current policies on file and possibly raise my coverage. Wish me luck.
Intermediate
Joined: Nov 2007
Posts: 39
Likes: 0
From: San Francisco Bay Area
I don't understand Leland Wests position. I very recently tried to get stated value insurance from them for my low mileage C2S and they would not go anywhere close to what I then sold the car for a few weeks later. Mine had 34K miles and ultimately sold for substantilally more than the coverage I was asking for. Mine is a documented sale which was very recent and should help you support your request. PM me if you would like more details.
Racer
Joined: Jun 2009
Posts: 250
Likes: 1
From: Beaver, PA
For an insurance company that trumpets their relationship with PCA and supposedly focuses on collector cars, they sure seem to be clueless of the market. Shouldn't they already know what the typical transaction prices for various models are just through their own memberships? I had heard stories of LW being very difficult to deal with when people actually attempted to USE the insurance that they had been paying on for years.
Race Car
Joined: Apr 2004
Posts: 3,941
Likes: 27
From: Dallas TX
One thing that I discovered was that whichever national pricing databases exist don't distinquish between a C2S and a C2. As you know, there is a price delta there.
When I bought my agreed value policy from LW last year, they asked me for proof. I showed them several completed eBay sales and current listings. All of which were higher than my insured amount. They accepted after that proof. And I had to make sure they understood it was a C2S.
When I bought my agreed value policy from LW last year, they asked me for proof. I showed them several completed eBay sales and current listings. All of which were higher than my insured amount. They accepted after that proof. And I had to make sure they understood it was a C2S.
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Joined: Jan 1997
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From: Vail, Colorado
Nebulous dollar specific's ......
Yo truegrit ..Got Specifics ? $ Specific's would be a welcome assist.
OP, I'm similarly positioned with Leyland West as you, and having a 12 year, zero claim (993) history with them, additionally for several vintage cars to boot, again zero claim history. Possibly the root of LW uber $ level hesitant is the C2S vs C2 nuance,,, I dunno.
In Germany our vintage business is with Allianz ... Don't perceive any value levels difficulty there ...
OP, I'm similarly positioned with Leyland West as you, and having a 12 year, zero claim (993) history with them, additionally for several vintage cars to boot, again zero claim history. Possibly the root of LW uber $ level hesitant is the C2S vs C2 nuance,,, I dunno.
In Germany our vintage business is with Allianz ... Don't perceive any value levels difficulty there ...
I don't understand Leland Wests position. I very recently tried to get stated value insurance from them for my low mileage C2S and they would not go anywhere close to what I then sold the car for a few weeks later. Mine had 34K miles and ultimately sold for substantilally more than the coverage I was asking for. Mine is a documented sale which was very recent and should help you support your request. PM me if you would like more details.
Rennlist Member
Joined: Feb 2014
Posts: 1,100
Likes: 273
From: Scottsdale
I don't understand. If one pays a higher premium for higher coverage they should be able to insure for the coverage amount. Insurance companies do not raise value without charging for it. My car is also currently under insured for the current market conditions. I am also nervous that should I have a serious claim, they may try to fight paying it.
Pro
Joined: Dec 2007
Posts: 586
Likes: 0
From: Colorado Rocky Mountains
I have used Leland West for 2 years for my 993 Twin Turbo. Each year I have had to fight with them to raise the stated value amount. I told them that it was their job to the do the market research necessary to substantiate requested stated values. That said, once I pointed them to a few sites it only took a couple of days to get what I wanted. I do agree that they are not on top of the market the way they should be - it is like you have to beg them to take more money from you!
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Joined: Jul 2002
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From: Upstate NY
I had the exact same problem with LW.
Vote with your feet and call Angela Burnett at Heacock Classic in FL at 800-678-5173 x 426. Her email is aburnett@heacock.com. They GET the aircooled market valuations.
See my previous post below. Don't waste your time begging for something that the market should provide.
https://rennlist.com/forums/993-foru...land-west.html
Vote with your feet and call Angela Burnett at Heacock Classic in FL at 800-678-5173 x 426. Her email is aburnett@heacock.com. They GET the aircooled market valuations.
See my previous post below. Don't waste your time begging for something that the market should provide.
https://rennlist.com/forums/993-foru...land-west.html
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Intermediate
Joined: Nov 2007
Posts: 39
Likes: 0
From: San Francisco Bay Area
Yo truegrit ..Got Specifics ? $ Specific's would be a welcome assist.
OP, I'm similarly positioned with Leyland West as you, and having a 12 year (993) history with them, additionally for several vintage cars to boot. Maybe their uber $ level hesitant is the C2S vs C2 nuance,,, I dunno.
In Germany our vintage business is with Allianz ... Don't perceive any value levels difficulty there ...
OP, I'm similarly positioned with Leyland West as you, and having a 12 year (993) history with them, additionally for several vintage cars to boot. Maybe their uber $ level hesitant is the C2S vs C2 nuance,,, I dunno.
In Germany our vintage business is with Allianz ... Don't perceive any value levels difficulty there ...
Banned
Joined: Jun 2012
Posts: 1,579
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Who determines the threshold of when a car is branded salvage by the insurance company. Does it vary company to company. One would think the higher the insurable value, the more difficult it is to consider it a total loss. For example if the insurable value is $90k and the car sustains $10k, $20k, etc., at what point is it a total write off?
Racer
Joined: May 2001
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From: Oregon
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From: Dallas TX
I had the exact same problem with LW.
Vote with your feet and call Angela Burnett at Heacock Classic in FL at 800-678-5173 x 426. Her email is aburnett@heacock.com. They GET the aircooled market valuations.
See my previous post below. Don't waste your time begging for something that the market should provide.
https://rennlist.com/forums/993-foru...land-west.html
Vote with your feet and call Angela Burnett at Heacock Classic in FL at 800-678-5173 x 426. Her email is aburnett@heacock.com. They GET the aircooled market valuations.
See my previous post below. Don't waste your time begging for something that the market should provide.
https://rennlist.com/forums/993-foru...land-west.html
Rennlist Member
Joined: Jul 2002
Posts: 16,557
Likes: 94
From: Bend, OR
Why the loyalty, with that kind of service? Seems like a no brainer to make a change.
I too, have Heacock Classic. 6K miles per year, parts money if a breakdown is suffered on the road, no dispute on two requested value increases. I guess the true test is when you need them, but for now, they have been great.
I too, have Heacock Classic. 6K miles per year, parts money if a breakdown is suffered on the road, no dispute on two requested value increases. I guess the true test is when you need them, but for now, they have been great.
Three Wheelin'
Joined: Sep 2013
Posts: 1,674
Likes: 55
Sucks that Heacock advertises similar restrictions as my current Grundy policy. From their website at http://www.heacockclassic.com/eligibility/:
"The vehicle is always kept in a fully enclosed, locked, and private garage whenever the vehicle is not being driven.
The vehicle is only used for pleasure use and is never used for back-up transportation or errand running." Their emphasis, not mine.
So, I guess I can't take my car to the Rennsport Reunion because the paddock and hotel sure aren't fully enclosed, locked, and private garages???
Also, I better not stop by any stores while out on a drive, or else it be considered "errand running."
Man, I hate insurance companies. Just wish there was a "normal" policy with agreed value. I'd pay double for it.
"The vehicle is always kept in a fully enclosed, locked, and private garage whenever the vehicle is not being driven.
The vehicle is only used for pleasure use and is never used for back-up transportation or errand running." Their emphasis, not mine.
So, I guess I can't take my car to the Rennsport Reunion because the paddock and hotel sure aren't fully enclosed, locked, and private garages???
Also, I better not stop by any stores while out on a drive, or else it be considered "errand running."
Man, I hate insurance companies. Just wish there was a "normal" policy with agreed value. I'd pay double for it.
Last edited by mpruden; May 17, 2015 at 09:50 PM. Reason: Added website link as reference