Insurance Valuation

[ftmyersgt]

Just got my insurance renewall notice for the GT from my insurance carrier, Chubb & Sons, and noticed that the GT was valued at $155,000. Knowing that resales are running much higher I asked my agent how high I could value the car for coverage. He responded that their current max value is $190,000 for the GT. So, for about an additional $50.00 a year coverage is now based upon $190,000.

 

[shelbyelite]

Good move! :thumbsup

 

[jaxgt]

I have mine insured through Chubb as well. I valued it at $190 too.
Seem to be a top notch company, as I do all my non-antique cars, house, collectibles etc... with them.

 

[GTNJ]

Just got my insurance renewall notice for the GT from my insurance carrier, Chubb & Sons, and noticed that the GT was valued at $155,000. Knowing that resales are running much higher I asked my agent how high I could value the car for coverage. He responded that their current max value is $190,000 for the GT. So, for about an additional $50.00 a year coverage is now based upon $190,000.

Good move .......... What is your annual premium for the GT?

 

[Neilda]

Mine's with Chubb in the UK at $300,000 which is what I paid for it! :eek

 

[S592R]

If you have a Heritage you can bump Chubb to 225,000. FYI.

 

[ftmyersgt]

Before increasing coverage to $190K, I was paying $1,460.00 annually for coverage on my '06 GT at $155K valuation with $5,000.00 deductible. Of course, I have five vehicles with Chubb, so the multiple vehicle discount really helps.

 

[B O N Y]

Chubb is a great company. I am covered by Chubb through Grundy who is the agent.
MY FGT is covered under AAA with my daily drivers, used to be with State Farm.

 

[STUNTS]

Mine's with Chubb in the UK at $300,000 which is what I paid for it! :eek

Finally, someone who paid more than me..... you da man!!!!! I thought for the last 3 years on this thing (forum) that I was the only one admitting paying over sticker and that every other SOB (meant w/love) paid under sticker... but now.... I have someone in my club..... thanks..... (kinda) and of course.... sorry too....:cheers

 

[B O N Y]

Finally, someone who paid more than me..... you da man!!!!! I thought for the last 3 years on this thing (forum) that I was the only one admitting paying over sticker and that every other SOB (meant w/love) paid under sticker... but now.... I have someone in my club..... thanks..... (kinda) and of course.... sorry too....:cheers

Nope, I have always admitted to payings $15k over sticker plus considerable legals fees to enforce the contract, backed by buying a second FGT in the event that I never got the first one. No regrets.:thumbsup

 

[BlackICE]

Nope, I have always admitted to payings $15k over sticker plus considerable legals fees to enforce the contract, backed by buying a second FGT in the event that I never got the first one. No regrets.:thumbsup

Bony 15K over was a great price at the time you got your GT.

 

[B O N Y]

Clinton, I signed my contract in 2002...

 

[BlackICE]

Clinton, I signed my contract in 2002...

It was like stealing to get only 15K over in 2002. Those 1st car were going well over 200K in the US.

 

[Copenhagen GT]

Finally, someone who paid more than me..... you da man!!!!! I thought for the last 3 years on this thing (forum) that I was the only one admitting paying over sticker and that every other SOB (meant w/love) paid under sticker..cheers

Move to Europe - especially Norway and Denmark and you will experience a whole new level when it comes to "Sticker shock" :wink In Denmark, add approx 220-225% on top of what you paid in the US - + freight & insurance costs of course:ack

 

[STUNTS]

Nope, I have always admitted to payings $15k over sticker plus considerable legals fees to enforce the contract, backed by buying a second FGT in the event that I never got the first one. No regrets.:thumbsup

you da man too BONY!!!! but we all knew that you were da man long ago my friend.. :biggrin

 

[Neilda]

Finally, someone who paid more than me..... you da man!!!!! I thought for the last 3 years on this thing (forum) that I was the only one admitting paying over sticker and that every other SOB (meant w/love) paid under sticker... but now.... I have someone in my club..... thanks..... (kinda) and of course.... sorry too....:cheers

I came very close to buying one at $360,000. When they first came out the GT was simply an impossibly difficult car to get hold of (as we all know) and given that I just had to have one..... :biggrin

The funny thing is, I never think about the value of it as it's a car to keep - assuming I don't suddenly hit 'skid row' (yes, I have most of my cash in property). :bored

 

[AlohaGT]

If you have a Heritage you can bump Chubb to 225,000. FYI.

All my vehicles are insured by AIG at agreed value. For the FGT, currently at $225k but can adjust up at any time.

 

[HHGT]

I think the only reason the Brits paid more for their GTs is primarily due to the fact that Jeremy Clarkson decided to lick his personal Blue/Wht GT (repeatedly) on public TV...eek:eek

I've done many things to my cars, but have never licked them.:willy:willy:willy

 

[GERMANORACING]

Just got my insurance renewall notice for the GT from my insurance carrier, Chubb & Sons, and noticed that the GT was valued at $155,000. Knowing that resales are running much higher I asked my agent how high I could value the car for coverage. He responded that their current max value is $190,000 for the GT. So, for about an additional $50.00 a year coverage is now based upon $190,000.

Now is that a stated value or agreed value ,or does the company only pay book or market value at the time of a loss