You can buy whatever liability amount you want to pay for. I think.
Stated/agreed value only covers your own car.
I have 500K liabilty per car, and then have a 2M umbrella
on top of that for about $300/yr.
Lizirbydavis@cs.com wrote:
>
> I've been following the string regarding "agreed upon value" policy
> insurance. I too drive my TR6 every day "for pleasure"...sometimes to work,
> grocery store etc... and am paying too much for car insurance, even though
> the TR is not my primary driver. While Hagerty etc... is offering great
> rates for agreed value, I'm scared to death of their measly $ amounts for
> liability, uninsured driver, medical reimbursement, etc... I certainly want
> to cover the value of my car, but I'm more concerned about my financial well
> being! A friend of mine just ran his car into a string of cars (including a
> Mercedes and a Range Rover), then proceeded to take out the front of a
> grocery store. Needless to say, he is up to his eyeballs in law suits.
> Even with his high-dollar State Farm insurance (which he thought was
> adequate), he was grossly uninsured for this accident. I was recently at a
> car show in Va, where an unattended MGB rolled down a hill and almost
> plastered a row of AH 100/4s. I cringe to think what kind of insurance that
> fellow had. If the car hadn't been stopped, it would have been a test for
> the best of policies. Are there any other options? Can you supplement a
> regular policy (where liability etc... can be negotiated for price) with an
> "agreed value policy"?
------
Regards
Walt Boeninger - Nor Cal SAAC 67 GT500 | 67 Shelby T-A #31
http://www.norcal-saac.org 71 Boss 351 | 97 5.0 Explorer
mailto:walt_boeninger@hp.com 99 C5 Hdtp | 02 Mustang GT
|