Posted: Fri Apr 17, 2009 4:24 pm
My 1956 Continental Mark II convertible required an appraisal because of the high value. It's only one of three known factory authorized convertibles.
My '55 Continental Cabrio didn't require an appraisal even though it was a high dollar value. Since values of Porsches can easily be established, there was no need.
The other cars I insure with Hagerty required nothing other than agreed value. In effect, I'm betting there will be and incident, and they're not. The bigger my bet, the better the payoff.
The odds are in their favor, hence the low rates.
My '55 Continental Cabrio didn't require an appraisal even though it was a high dollar value. Since values of Porsches can easily be established, there was no need.
The other cars I insure with Hagerty required nothing other than agreed value. In effect, I'm betting there will be and incident, and they're not. The bigger my bet, the better the payoff.
The odds are in their favor, hence the low rates.