Bruzilla
Well-Known Member
I'm going through the process of insuring my 74 Roadrunner with Haggerty Insurance. With Haggerty you insure your car for an agreed-upon amount. Simple enough. I'm not restoring my car, and I'm going to be doing lots of stuff to it that's going to lower the value to collectors. It was a 318 car that now has a 360 and will soon have a 440, it was a column shift car that's now console, etc. Anyway, I signed up at a value that was commensurate with what I knew I could find a similar car for and to cover what I've got into it, $7,000.
So I get a call from Haggerty today, and the guy is concerned that I'm undervaluing my car. He says based on my description and the pictures I sent, they would value my car at... $12,000! He said that he wanted to make sure I understood that while they don't like to have to do this to owners, if the car is in an accident, they write a check to the owner and they take the car. I told him if he were to come to my door tomorrow, hand me a check for $7,000, and take my car, I wouldn't mind a bit as I would be driving a better car by the end of the week AND I wouldn't be having to work on it.
And if they're willing to go $12,000, I would have a cherry 440 car in the driveway in a week, so if you're willing to underwrite my car, as is, for $12,000... sign me up baby! 
I gotta wonder where they're getting their pricing info from.
So I get a call from Haggerty today, and the guy is concerned that I'm undervaluing my car. He says based on my description and the pictures I sent, they would value my car at... $12,000! He said that he wanted to make sure I understood that while they don't like to have to do this to owners, if the car is in an accident, they write a check to the owner and they take the car. I told him if he were to come to my door tomorrow, hand me a check for $7,000, and take my car, I wouldn't mind a bit as I would be driving a better car by the end of the week AND I wouldn't be having to work on it.
I gotta wonder where they're getting their pricing info from.