Hoodoo

Four years after selling my 40AE 996, I'm back in the hunt for another Porsche. I was originally considering the 981CS, 718C and 997.2 Carrera. After doing a bunch of reading here & watching a fair amount 997-centric videos, the 997.1 is back on my list. Specifically, I wanted to thank TheBruce and Petza914 for their technical contributions. The information you guys have gathered and published is fantastic. The 997 community is the best I've seen on RL.

One thing I have noticed is a good portion of the 997 6MT coupes are priced above retail book. How are you guys reconciling that with your insurance companies?

groovzilla

My Allstate agent has had all my cars replacement value insured for what I paid for them.
However I'm a 34 year customer and have many houses/Rental properties and cars insured with them and also have large Umbrella Policy.
My Airstream Trailer and Vintage BMW Motorcycles also replacement value at what I paid.

Jeremy Hazeltine

My insurance policy is an agreed value. I tell them what its worth, and thats what they set the policy for(and I pay accordingly)

ThomasCarreraGTS

I have an Agreed Value Policy on my 997.2 GTS with Grundy. Very affordable and they don't limit miles, only use (no commuting to work, for example) which is not an issue for me because I work from home.

Hoodoo

Thanks, guys. I work from home as well and have a couple other toys, so the car wouldn't be a commuter. groovzilla - have you sold that boat yet?

Petza914

I'm with Grundy as well. They have 3 different classifications for the vehicles on their agreed value policies - Exotic (RUF 997), Classic (914 & 928), and Regular Use (Cayenne, wife's 997, and the pick-up).

If you classify it as Regular Use the premiums are a little higher but it doesn't have the commuter restriction.

Replacement value is usually based off Blue Book value so be careful with that one. Stated value is another one, but in the event of a claim you'll have to substantiate that stated value and fight with the insurance company to get it.

Agreed Value is the one you want where the value is "agreed" upon already in the event of a loss.

ThomasCarreraGTS

Agree. Especially with a car like my GTS, which is tough for an insurance company to price out since the VIN was not unique for the first year (2011) cars. I believe it was you, Petza914, who originally alerted me to the difference between "Agreed" and "Stated", and if so, I owe you a big Thank You!

TheBruce

Thanks Hoodoo and welcome! Excited to have you join the crew. Keep us posted on your search and happy to help.

I will hopefully get some time this week to finish off that guide and get it published.

drmain1

it took me 5 months to find 997 C2S manual hard top at list price. There are more on the east coast. Also Esurance does not insure porsche 997's and had to switch everything to state farm.

Hoodoo

Roger that.

I noticed that as well. I bought my NSX from a private seller in Florida and drove it home to Colorado. I'd be willing to do another epic road trip for the right car. Thanks for the heads up regarding Esurance; they're my current insurance provider for our vehicles. They've insured all of my toys (996, NSX, GT350, S2000), so it's weird that they won't cover a 997. Actually, now that I think about it, they had me sign a disclaimer acknowledging a 1 mile "Shelby no-fly zone" around any Cars & Coffee event.