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Agreed value insurance.

Discussion in 'South Atlantic Region' started by m5jgosma, Jul 10, 2015.

    • Member

    m5jgosma

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    Does anybody carry agreed value insurance like Hagarty on their M?
    I'm not saying my 2002 M5 is worth a ton but its def worth way more than book value if it got totaled. I drive it about 5k/yr. it's garaged. I was just looking to see if anybody else out there has switched from standard insurance to agreed value. Pros/cons. Thanks. Jimmy
    • Member

    justjohn

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    You may have trouble with your car's age for agreed value insurance. I have no trouble with that kind of policy on my 69 Impala but typically agreed value insurance is for cars around 30+ years old.
    Easiest thing to do is email and ask. I can tell you back when I had (at the time) a 20 year old 85 XJ-S with a lot of parts and money into it, they declined.
    If you can get collector insurance, the biggest limiter is annual mileage. There are different tiers to meet most needs.

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