Insurance Question about 240's

[FiKtIOn]

I was wondering if anyoen could give me a little more info on the the 'agreed upon value' insurance policy.

If an s13 is totalled, the car is worth maybe 2k max, correct? A freind told me you can make some sort of agreement between the insurance company and yourself about a value of the car you both agree on.

I was wondering if anyone with an s13 or otherwise had ever done this, and how it works. Do premiums go up? Do they become unruly?

Thanks for the help..

[citizen]

you're talking about insurance companies here, some of the most evil entities known to man, if you wink at them the wrong way your premiums will go up, you do the math...

[FiKtIOn]

The plan exists, I assure you. It's common among the e30 BMW guys..I just don't know all that much about it...

[aznpoopy]

totally depends on your area and your insurance company. some go strictly by bluebook. some will pay you for mods if you're totalled and have receipts. in my area, they mod coverage where u produce receipts for modifications and they insure it for extra premium. you should ask your insurance company.

[MEisGQ]

I got $2700 for the totaled loss and kept the '91 240 for 200 bucks... so I got about 2500 from the settlement, spent it all, didnt get my door dent fixed which was the only problem from the accident and have not fully salvaged the car yet. SOOO... if the insurance people did not notify DMV, than my car is still clean... but thats just me:) Oh... the way to get the settlement to go up, find several FORSALE advertisements of the same car with roughly same mileage, high pricetag, photocopy and when insurances shows their estimate to you, show them yours. Ive been in two total loss settlements in the past year. hope that helps

[nismo skyline]

when i insured my car under mercury insurance they said the car was worth 10k. i dont know why it was a 91 s13, i guess becuz i had liability only so it didnt matter

[Hawd]

mercury dicked me too mike :\

[Replicant_S14]

I was wondering if anyoen could give me a little more info on the the 'agreed upon value' insurance policy.

If an s13 is totalled, the car is worth maybe 2k max, correct? A freind told me you can make some sort of agreement between the insurance company and yourself about a value of the car you both agree on.

I was wondering if anyone with an s13 or otherwise had ever done this, and how it works. Do premiums go up? Do they become unruly?

Thanks for the help..

Are you talking about agreeing on a value after the car has been totalled or insuring the car for more than "they" say it's worth to begin with?

[FiKtIOn]

More than they say it's worth to begin with.

[Replicant_S14]

More than they say it's worth to begin with.


OK gotcha. Its called stated value. The problem is, most insurers wont do one except for antique or collectible vehicles. You can always call around and ask tho.
My wife (she's an agent) tells people to keep receipts and take photos of their cars periodically if they are doing stuff to them. Any adjustor is going to take that into consideration in the event of a loss. You have to use your judgement on that though. If your car gets too radical they could bring up "racing" issues.
Just talk to your agent. Yes, insurance sucks. Believe me, I bitch about it plenty to mrs.replicant. They want to be in the business of taking your premiums and NOT paying claims, but a decent agent will help you figure out what's best.