Quote:
Originally Posted by drivetolive
Murf993 - do you daily your 911?
My car just went into storage, so I have some time to think about it. I'm curious whether anyone knows how insurance companies payout in total loss situations (my provider wasn't able to provide a clear answer)? I.e., do they assess value at market value or book value? If the former, seems like I wouldn't need to worry about DD'ing the M.
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The Porsche is just for fun, but I have full insurance like a DD. Once it get's to the appropriate age I'll insure it with Hagerty. When I insured it I asked and was told replacement value, which is easy to determine just look at what they are selling for as there are always a good number of examples.
I had a total loss of a car in a fire years ago, I was with Co-operators at the time. They quoted me book value, but I was able to get them to double that number with some complaining and receipts and photos to back up the condition and work done to the car.