Adamant1971

Awesome, glad you stopped the gouging as well.

theiceman

did you have to get an appraisal ? i hate that hassle.. plus its an added expense .

ronnie993tt

No they were more expensive for high value vehicles Clive. I got their quote a couple of years ago. Can't remember whether they had a high value cut off or required a low deductible which resulted in a higher rate than Hagerty. Several other companies did not insure high value vehicles at the time. I found the choices fairly limited but I'll do another search when my insurance comes due this spring. Believe it or not my rate with Hagerty has actually dropped a bit each of the last 2 years even as the values continue to climb.

Adamant1971

They were fine with the last appraisal that Turbodan did in late 2018. But yes you need an appraisal to get a 19A.

ronnie993tt

Hagerty does not require an appraisal after your first one. I haven't had it done since 2009 and my coverage has been increased with the market. The only thing they ask for is a shot of the odometer. This saves quite a bit of money when prices are rising and the agreed value increases annually. I have 19A on the Z with another firm and an appraisal is required every time you want to increase the coverage and at minimum every 5 years.

Adamant1971

Yep Hagerty always tries to discourage the 19A. If you have a total loss a 19A offers the best protection, as they can not screw you over. I bet they have internal mandates to sway customers away from the 19A.

SToronto

Is 19A agreed value?

Adamant1971

Yes, and there are two versions of the 19. 19A is the 100% guaranteed agreed value endorsement, a 19 is a lesser form that does not 100% guarantee the value. Insurance companies are shifty bastards, Hagerty will say an appraisal is not needed under "their" agreed value endorsement and then they hit you with the $40 per year "valuation fee". So you can pay for an appraisal every 3-5 years and insure with another classic provider or you can pay their BS fee every year.

What Haggerty is pushing is their own endorsement called the NPCF 100. Then look at the Ontario OEF 19A. It's pretty clear which is better. Attached are some samples, the NPCF is from my last Hagerty policy.

Hope this info helps the group. I hate insurance companies. Ha Ha

928gt

Vintage does offer an appraisal-less option. You just need to take specific pics of your car and submit them. The first year premiums are a little higher (about $80) than subsequent years, but they certainly do offer it (with 19A endorsement).

ronnie993tt

Agreed value is a legally binding contractual commitment so it offers full protection. In 13 years with Hagerty I have never paid a valuation fee even though my coverage increases every couple of years. I've also read actual accounts of how easy it is to settle with Hagerty in the event of a loss.,,,,,,,

Agreed Value, coverage primarily offered by specialty insurers, is based on the proven value of your car as determined by you and the insurance company, according to appraisals, photos, or other relevant documentation. With Agreed Value coverage, the insurance company will guarantee that they will pay this agreed-upon value in the event of a covered total loss.

Adamant1971

You will see the $40 fee on the next renewal. Hagerty paused implementation of this charge during covid. I previously had a 19A endorsement on my Hagerty policy but was tricked out of it. Yes, their endorsement is legally binding, but it has way more conditions than a 19A, especially related to partial losses.

928gt

Indeed - it is a separately listed item called Hagerty Value Analysis on the invoice. Not part of the policy itself.

As for the OPCF 19A endorsement, Hagerty (Elite / Aviva) does not offer it any longer. Their guaranteed value endorsement is NPCF 100. It would pay out the same as 19A in case of a covered total loss, but it does stipulate that they may also use aftermarket or used parts when settling a claim, and that if said parts are NLA, the vehicle still won't be considered a write-off and they'll just give you a cheque for the (cheapest) price of the NLA part when it was last available.

TJ993

I recently spoke to them. Obtained a quote. Their value 25K Below Turbodan Appraisal! Told me my 97 is not vintage! Built 11.96. Their policy? Wtf and other bs.!! CBSA Granted tax clause9966.00 exemptions but they said No. Our policy blah blah blah bs! Pass on hagerty in Canada. Aviva is still pissed with hpde writeoff they had to payout back in 2007 at Mosport. They lost in court saying that driver was racing. DE is not racing.. Went to Supreme Court via Appeal and judge told'em Pay now or else!!!!! Think they carry a grudge?

bcrdukes

(Un)related article on Hagerty going public depending on which side of the fence you are sitting on.

https://www.nytimes.com/2021/12/16/b...s-hagerty.html