Paul, I also thought that Hagerty implemented automatic coverage increases every year... but when I got my first renewal notice in the mail last fall, it showed the same agreed value as when I took out the policy a year before that. So, I emailed them, and was told there is no provision for automatic increases, and that I would have to request increases as needed. So, I intend to bump it $1000 every year, as long as they don't object to the value. I have $8000 currently, and they said I could increase it as much as $5000 at renewal, before they might require updated photos, etc. I would have sworn I had seen the provisions in print for auto increases...do you have documentation of that?
Automatic Increasre Dave, I will dig out my policy and see if I have anything about the automatic yearly increase in value. When I talked to the Hagerty agent while I was doing the policy on our cars he told me they do this increase. We have an agreed value policy so I do not know if this make a difference or not. Paul Gawel
I think this subject has been explained quite well but I'll throw my 2 cents worth in there. I insure mine with State Farm. My agent has a 65 Mustang Convertible so she understands my situation. I pay 11.00 per month for 10K worth of insurance, and will up that to 15K when I paint the car. It is not allowed to be driven to work on a daily basis. That is really the only stipulation. USAA is my umbrella for everything else I own. No better company of any type.... They call you to see if you are satisfied with their solution to your dilemma. How many companies do that in right now???? Russ Waters 1970 Skylark Convertible 455
