Insurance problems

[JJfierce]

Just to preface this - I have searched the sticky, and most of the threads there are 10+ years old. I am having problems finding an agreed value policy for my Vanagon. It is a 1984 tin top that I have converted to be a sort of a weekender/westy hybrid. It has a bed and sink, but no stove so I don't think it will classify as a camper. My current insurer (Progressive) only wants to do a stated value policy, and Haggerty won't even touch it because it isn't stored in a private garage (I'm in a nice gated apartment complex). I have receipts and documentation for all the work I've put into it and have it valued at about $14,000. Any people in California that can point me in the right direction?

[4Gears4Tires]

What's wrong with a stated value policy?
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'87 Syncro Ferric Oxyhydroxide Superleggera Edition
'85 Westy Sciuridae Domus Edition

[JJfierce]

[74 Thing]

Stated value puts a cap on value. If you have a stated value of 14k the insurance company will pay up to 14k but they will look for comps in your area and you will most likely me in for a fight as they will offer a lot less. An agreed value for 14k means if your car is totaled you will get 14k.

[Ahwahnee]

[shadetreemech]

I spoke to my Car Insurance Agent yesterday about switching policies on the Westy. I asked about Stated Value. She steered me toward an Agreed Value Policy. She said I'd need to provide receipts for all improvements and show a consensus Base Value (what similar vehicles with similar mileage sell for). We'd come to an agreement on Value based on her interpretation of what I provided

On the advice of the PO, I went with Safeco when I bought the Van in 2018, Full Coverage. I'm gonna switch Agents but keep the same company when it's time for renewal.

Dan
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'84 GL 1.9
'01 Volvo V70 T5
'88 Westy - "MZDRTHY"

[dobryan]

Stated Value is a waste of time. It does not set the value of your bus. It sets a cap on what they will pay. It limits their liability. They will only pay ACV up to the limit of the Stated Value.

You only want Agreed Value. That sets the ACV of the bus.
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Dave O
'87 Westy w/ 2010 Subaru EJ25 (Vanaru) and Peloquin TBD

"To travel hopefully is a better thing than to arrive." Robert Louis Stevenson

MD>Canada>AK>WA>OR>CA>AZ>UT>WY>SD
https://www.thesamba.com/vw/forum/viewtopic.php?t=620646

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https://www.thesamba.com/vw/forum/viewtopic.php?t=695371

The Western Syncro build
https://www.thesamba.com/vw/forum/viewtopic.php?t=746794

[74 Thing]

EXACTLY-stated value puts a cap on the payout.

Agreed value is the amount of the payout if the car is totaled without the haggle that you will have with the stated value policy.

Some agents do not know the difference so do not think a stated will pay the stated value if your vehicle is totaled. You will be in for a shock and a big headache.

[jimf909]

The definition of Agreed Value from Safeco. See if you can insure with them in CA. There's also a Vanagon aware agent in Sacramento who has been mentioned here who I talked with a few years ago. Haggerty is interesting but it seems they don't want you actually driving your car except to sbux once a month.

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- Jim

[dobryan]

[tjet]

[Abscate]

Every company has different definitions and regs in each state

Other than sideline interest , these threads are useless for advice in your specific state, unless the poster is in your state

It can even vary by region within a state.

All the money you spent fixing broken stuff isn't improvements either, that's maintenance, so don't think those losses are covered.
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[Igeo]

[dobryan]