Where are they getting their numbers from...
lol. We over-insured ours, based on sales figures I watched on the various sites, at $12K. I’m thinking, therefore, it’s just a cash grab if you’re not getting the same ‘offers’.I have my X insured with them for $4,000 agreed value which seems pretty cheap compared to what most of you are insuring your Xs for. I have not gotten any communication from Hagerty suggesting I up the value. Maybe they have seen Fatrat and cringe.
Chubb has a fantastic reputation in the insurance world in general.I have 2 Alfas and a Corvette insured through Chubb. I researched Grundy and Hagerty as well. Found the Chubb offers reasonable use cases and very good premiums. I have not had a claim, but they are a respected company in the art collector world, so...
I would definitely give Hagerty a couple of bonus stars because of their support of actually using classic cars. It just was not enough to offset the lower premium of Chubb.
I still don’t see any X19’s in decent shape selling here for more than $8k - these BAT ones are museum pieces. I’m still insured at $12k. Seems like enough…Ha! Coincidentally, I upped my 128 from $10,000 to $15,000 at Hagerty just earlier today....