OHSIXX

Based upon yesterdays discussion here I applied for the Hagerty policy.

So, here is my rather lame question: I already have the car on my USAA policy and it is costing $355 every six months for full coverage.

When the Hagerty policy becomes effective; I am assuming dropping the car off of the USAA policy is the prudent thing to do. So, in the long run I will be saving money.

Straighten me out. :confused:

page62

Yes, that is the point... :yesnod:

But you ARE following the conditions laid down by Hagerty, aren't you? :blueangel:

OHSIXX

Yep! There application forms are fairly detailed, so I just listed the car exactly like it is and requested they make a determination if it is stock or modified. I also listed 6000 miles per year which is about what I will drive it.

Waiting on the underwriting to tell how much to pay. If it is $500 or below I will be quite happy. More insurance for less money! :)

page62

Mine was a little over $200. Between that and the antique plates I get to put on next year, I can almost afford to drive this thing! :crazy:

OHSIXX

page62:

BTW, we share the "cracking paint" thingy.

Mine was painted in 1994. I like the contrast the roofs on both of our cars present. I bet you get lots of "looks" as well. :)

Paul L

It really does not make sense to have double coverage so the answer to the question is yes. But I looked at that thread of yesterday and you spoke of agreed value and classic car insurance as if they were synonymous. They are different concepts although agreed value can be worked into a classic policy. Agreed value is simply an agreement with your insurance company - usually based on a professional appraisal - that your Corvette is worth $X. Not Blue Book, Red or otherwise. "Agreed" is important because the C3s are old cars and book value is very low. And market value can be from $100 to whatever. You must get a clear statement upfront of the value of your car. And that comes from the appraiser. And the insurance company agrees to it in writing. No fuss, no muss in case of loss.

I have an agreed value for my 1979 in a regular policy, with no restrictions whatsoever. This is not classic car insurance. So proceed carefully and know what you are getting into. It may be just fine for your needs but...