Silver Wheels or Similar Insurace Broker
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03-03-2011, 05:30 PM
#8
Rennlist Member
I'm the process of looking into this as well. Lant and Silver Wheels range from $200-$400/year for my car (1990 C2)...which is a damn sight better than $2,000!
03-03-2011, 05:38 PM
#9
Race Car
Lant is Silver Wheels, and it's underwritten by Aviva. You guys are all talking about the same thing. Omar, did Silver Wheels deny you or something? Why not just go with them?
MJH, 19A is the agreed value addendum. It's absolutely critical for any car that might fall outside regular market values, like mine. You have an appraisal done by a licensed appraiser, submit it to the insurance company, and they agree that under a total loss (theft or write-off) they pay out the agreed value, no more, no less. Without it, you're at the mercy of their adjusters and evaluators, who, in a case like mine, will look at model year 1972 and mileage at 170,000 km and say it's worthless, because they're clueless about the market and there are no auto trader ads for them to look at. That "A" is the critical distinction - an OPCF 19 form is only a maximum value (i.e. appraisal submitted, they agree to pay at most the appraisal value, but can pay less at their discretion). 19A is agreed value. It's tiny, but very important.
MJH, 19A is the agreed value addendum. It's absolutely critical for any car that might fall outside regular market values, like mine. You have an appraisal done by a licensed appraiser, submit it to the insurance company, and they agree that under a total loss (theft or write-off) they pay out the agreed value, no more, no less. Without it, you're at the mercy of their adjusters and evaluators, who, in a case like mine, will look at model year 1972 and mileage at 170,000 km and say it's worthless, because they're clueless about the market and there are no auto trader ads for them to look at. That "A" is the critical distinction - an OPCF 19 form is only a maximum value (i.e. appraisal submitted, they agree to pay at most the appraisal value, but can pay less at their discretion). 19A is agreed value. It's tiny, but very important.
03-03-2011, 06:47 PM
#10
Rennlist Member
Lant is Silver Wheels, and it's underwritten by Aviva. You guys are all talking about the same thing. Omar, did Silver Wheels deny you or something? Why not just go with them?
MJH, 19A is the agreed value addendum. It's absolutely critical for any car that might fall outside regular market values, like mine. You have an appraisal done by a licensed appraiser, submit it to the insurance company, and they agree that under a total loss (theft or write-off) they pay out the agreed value, no more, no less. Without it, you're at the mercy of their adjusters and evaluators, who, in a case like mine, will look at model year 1972 and mileage at 170,000 km and say it's worthless, because they're clueless about the market and there are no auto trader ads for them to look at. That "A" is the critical distinction - an OPCF 19 form is only a maximum value (i.e. appraisal submitted, they agree to pay at most the appraisal value, but can pay less at their discretion). 19A is agreed value. It's tiny, but very important.
MJH, 19A is the agreed value addendum. It's absolutely critical for any car that might fall outside regular market values, like mine. You have an appraisal done by a licensed appraiser, submit it to the insurance company, and they agree that under a total loss (theft or write-off) they pay out the agreed value, no more, no less. Without it, you're at the mercy of their adjusters and evaluators, who, in a case like mine, will look at model year 1972 and mileage at 170,000 km and say it's worthless, because they're clueless about the market and there are no auto trader ads for them to look at. That "A" is the critical distinction - an OPCF 19 form is only a maximum value (i.e. appraisal submitted, they agree to pay at most the appraisal value, but can pay less at their discretion). 19A is agreed value. It's tiny, but very important.
