"Agreed Value Insurance" Anyone have it, know of a good source?

[Q451990]

With Q1's recent issues, I would love to buy an auto policy that would pay a pre-determined amount (say $10,000) if Q2 was ever totaled. As we all know, the book value on a well maintained G50 is grossly understated compared to what it would cost to buy another one and get it up to NICO standards! I did some online research, but can't seem to find anything that applies. Q2 is not technically a daily driver - since I can drive the truck at any time... I only put about 10K on the odometer last year, but typically put around 15K on the car. High gas prices and a lot of time remodeling the house had something to do with using the truck more.

Anyhow - any suggestions would be appreciated. I'm afraid to get Q2 out of the garage now.

Heath

[Peterofdevon]

This would be one of those "its too good to be true things."

I'm close to bringing my 94 to spec and last weekend some idiot took his eye off my rear at 65+, a jam up happened, I braked hard and saw him comming on me WAY too fast in my mirror...he pulled right and crossed the median (same directional flow) and saved both our asses (Walt Whitmen bridge Jersey side merge). Then Yesterday a soccer mom missed backing into me by a hair in a parking lot.

I think about as much about what its taking to sort this one out as I do about how hard it is to find a good specimen to start with when this **** happens...ouch.

Peter of the 3 Qs

[Jeff Williams]

There are classic car insurance companies that do that, but it is not worth it.

I am considering dropping my collission on Layla. At 242,000 miles, I bet she is worth aabout $800 to my insurance company...

[rsiwicki]

short answer...no and if so not cost effective. For agreed value on a car less than 15 years old it has to fall within a specific categorey that only they classify as "collectible". Then of course you have all the driving restrictions, etc. I have an agreed value on my 69 vette for $30,000 but I pay $3,500 per year so I can drive it where ever I please. If I got classic car insurance at $300~$500 per year I could not drive it at all except to shows and events which is not why I bought the car....It ain't no trailer/garage queen....its a driver.