Values...and the problem that has arised
#46
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Join Date: Dec 2007
Location: Colorado Rocky Mountains
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#47
Rennlist Member
A lot of good info here. I have agreed-upon policy with Hagerty for 75K. TT is arena red with 25K miles in nearly perfect condition. I accepted some degree of "self-insurance" on difference b/w my value and market but had not thought about how large this may now be . ?? 100k for my car seems crazy to me.
I realized shorty after purchase about 3 years ago that it would be nearly impossible to replace my car for what I paid and now clearly impossible - they are scarce at any price. So I will look into bumping agreed value. I have always thought that if totaled I would take insured value and then buy back whatever was left remaining if it made sense i.e motor or even extensive repairs as the finished product would be worth a tremendous amount to me as a driver. Actually had friend that had a Z3 he loved and went through such a scenario. Hopefully will never face but that is nature of insurance.
Love the car and do not anticipate sale any time soon. I have been fortunate that after long search I have a 996 GT3 and started driving/DEs with this car. I can easily use the GT3 as daily driver and it is an incredible blast so the TT is going to only slowly accumulate miles. I probably need to instruct my daughters in how to liquidate at value in the event of untimely demise!!! Cheers to all.
I realized shorty after purchase about 3 years ago that it would be nearly impossible to replace my car for what I paid and now clearly impossible - they are scarce at any price. So I will look into bumping agreed value. I have always thought that if totaled I would take insured value and then buy back whatever was left remaining if it made sense i.e motor or even extensive repairs as the finished product would be worth a tremendous amount to me as a driver. Actually had friend that had a Z3 he loved and went through such a scenario. Hopefully will never face but that is nature of insurance.
Love the car and do not anticipate sale any time soon. I have been fortunate that after long search I have a 996 GT3 and started driving/DEs with this car. I can easily use the GT3 as daily driver and it is an incredible blast so the TT is going to only slowly accumulate miles. I probably need to instruct my daughters in how to liquidate at value in the event of untimely demise!!! Cheers to all.
#48
I had to go outside and snap a few digital pictures of my 993TT for the Hagerty policy. Damn these cars look hot when photographed !! (even taken with a simple I phone). I'd post them but I am a technological moron and my wife is outta town (she's the tech person in our house)