 Auto Insurance for Modified 6G Celicas, How to get paid what a car is worth if in an accident. |
 Oct 28, 2014 - 12:06 PM
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Enthusiast  Joined Apr 24, '14 From Durham, NC, USA Currently Offline Reputation: 0 (0%)  |
Has anyone on this site found a good place to purchase insurance on a performance enhanced and significantly upgraded 6G Celica that will pay an agreed VALUE rather than KBB evaluation if a car is totaled in an accident?
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Oct 28, 2014 - 2:00 PM
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 Enthusiast Joined Feb 23, '12 From Warrior, AL Currently Offline Reputation: 0 (0%) |
Some places use NADA to determine value, I know State Farm does. Documentation, and lots of it, in order to prove what the car is potentially worth. Just have to call around and see which will insure for a certain value versus off the books. Another thing to consider, is what you'll be paying for full coverage really make it worthwhile over just paying liability? Not to mention the deductible as well should anything happen. Just have to take risk assessment into consideration. You can easily end up paying more in insurance than what it'd cost to repair a car.
-------------------- 2001 Miata LS 5-speed
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Oct 28, 2014 - 3:18 PM
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Enthusiast Joined Apr 24, '14 From Durham, NC, USA Currently Offline Reputation: 0 (0%) |
QUOTE (Box @ Oct 28, 2014 - 3:00 PM)  Some places use NADA to determine value, I know State Farm does. Documentation, and lots of it, in order to prove what the car is potentially worth. Just have to call around and see which will insure for a certain value versus off the books. Another thing to consider, is what you'll be paying for full coverage really make it worthwhile over just paying liability? Not to mention the deductible as well should anything happen. Just have to take risk assessment into consideration. You can easily end up paying more in insurance than what it'd cost to repair a car. Isn't NADA like KBB, in that they have reams of information that forms the insurance valuation of a particular year, make and model of any car, aka 'book value'? My intent was to purchase AGREED VALUE insurance on the car, which in the case of a severe accident pays off up to the AGREED VALUE, which is quite different than 'book value' Normal insurance, in case an accident that totals the car, by insurance company claim estimates, means they give me the 'book value' which can't come close to replacing the value of what was put into the car. I would think that guys on this website are faced with this conundrum all the time, since they are constantly putting expensive additions onto their Celicas, constantly increasing the actual value of their cars. Are you suggesting that I 'self insure'? |
Posts in this topic
Langing Auto Insurance for Modified 6G Celicas Oct 28, 2014 - 12:06 PM
sandusky1977 I'm getting ready to switch over to classic ca... Oct 28, 2014 - 3:10 PM
Langing QUOTE (sandusky1977 @ Oct 28, 2014 - 4... Oct 28, 2014 - 3:35 PM
Langing QUOTE (sandusky1977 @ Oct 28, 2014 - 4... Oct 29, 2014 - 12:29 PM 1994Celica Weird because my dad got collector insurance on hi... Oct 28, 2014 - 3:51 PM Langing QUOTE (1994Celica @ Oct 28, 2014 - 4... Oct 28, 2014 - 4:08 PM 1994Celica QUOTE (Langing @ Oct 28, 2014 - 5:08... Oct 28, 2014 - 4:15 PM Box NADA is also from the books, but their values are ... Oct 28, 2014 - 5:30 PM Box Also this is why I don't dump money into non-c... Oct 28, 2014 - 5:34 PM sandusky1977 Still have my quote for the 99 and 94 I did it all... Oct 28, 2014 - 8:55 PM Box Most states classify a car as being a classic at 2... Oct 28, 2014 - 9:01 PM richee3 It may be the disparity in value but both Hagerty ... Oct 28, 2014 - 9:04 PM Box Limited mileage policies suck, kind of defies the ... Oct 28, 2014 - 9:55 PM |
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