Agreed upon value insurance policies

[su45]

They actually say it must be your third vehicle if you have a spouse. Very recently called Grundy, Hagerty, JC Taylor, and Assurant/Geico and all of them said that both my fiancee and I would need separate daily drivers to insure the M3. That's three cars for one agreed value policy.

Two is understandable--we already have a shitbox Corolla that's essentially a bumper car for getting groceries. They said we both need a DD. Neither of us ever drive to work and there are millions of people in a similar situation in NY, DC, SF, Boston, etc.

The lady at Grundy said they've tried to explain this to the underwriters numerous times to no avail.

[LSBNick]

Just did some finagling to get my vehicles under hagerty. With a lot of work and persistence I managed to get the LSB and the e92 on hagerty. Never in my life have I wished to be 30 years old than I did when I called Hagerty lol

[jet_dogg]

I'm not sure why you guys are getting upset over their policy. They clearly state it must be a second vehicle and you guys are getting mad it's not your second vehicle.

[sina]

Not me

I use my car pretty much exactly as you do and have been trying to get an agreed value policy for years now, but as soon as I mention not owning another car, I get told to go away. All the insurance companies I've talked to seem to believe that it's impossible to survive in the US without using a car as your main method of transportation.

Yeah, that's really lame. There must be a decent amount of urban folk who live a more European or New York-type lifestyle where you do most of your errands by foot and only use the car for pleasure or day trips, etc. I do live very close to some family, so I'm wondering if maybe I can get on my mom's insurance policy and count that as a daily or something along those lines. I'm not too well versed in the insurance world, but would be cool if something like that worked, and the price probably wouldn't work out to be too bad, judging by the types of rates people in this thread are getting.

[heinzboehmer]

Has anybody had any luck with Grundy, as a single-vehicle household? The latest BaT results have me nervous... My car is just for pleasure use + maybe one errand a week, 3-4k miles / year.

Not me

I use my car pretty much exactly as you do and have been trying to get an agreed value policy for years now, but as soon as I mention not owning another car, I get told to go away. All the insurance companies I've talked to seem to believe that it's impossible to survive in the US without using a car as your main method of transportation.

[sina]

Has anybody had any luck with Grundy, as a single-vehicle household? The latest BaT results have me nervous... My car is just for pleasure use + maybe one errand a week, 3-4k miles / year.

[nextelbuddy]

2003 e46 ZHP m3 conversion here. was rejected a few times by Grundy but was persistent and finally they accepted my car.

I was able to get Grundy to insure my e46 4 door M3 conversion for $52k agreed value. paid $612 for the year with $500 deductibles and 50/100k 100/300k comp collision personal

had to send in a bunch of pictures and details of the conversion for them to accept the WBA car for $52k lol

[Chas3n]

82k miles ZCP 6spd rebuilt title 30k agreed value, zero deductible.

Our insurance agent didn’t even bay an eye at 30k. Likely can go higher, but we’re happy with 30k.

[sev]

I was asked for pictures with Grundy when I first signed up a few years ago. I wonder if they act as a broker for different insurance providers? That would explain all the different experiences. My actual coverage is through Philadelphia insurance companies, anyone have anything different?

I have both my M3 and M5 insured with them for $45k valuation, $410 premium each I believe.

that's who mine is through, philadephia insurance company. im at 30k and theyre giving me grief to go over that. Do you have any mods on your m3?

[Tbonem3]

Whats the liability limits and deductible? Seems way lower than even what I'm currently paying w/multi-car, and loyalty discounts.

100k, unins 35k, 30k value, $100 deduc. Comp & coll

[TexaZ3]

I was asked for pictures with Grundy when I first signed up a few years ago. I wonder if they act as a broker for different insurance providers? That would explain all the different experiences. My actual coverage is through Philadelphia insurance companies, anyone have anything different?

I have both my M3 and M5 insured with them for $45k valuation, $410 premium each I believe.

Didn't have to submit any pictures.
That is why I was surprised at the valuations I got from Grundy, for much lower agreed value - however, perhaps my policy limits were higher/lower deductible. Hagerty (which I have right now) were considerably lower with the same limits/values.

Screen Shot 2021-07-24 at 9.55.20 AM by Italian Horses, on Flickr

[repoman89]

What? No. I wasn't asked for any with Hagerty or Grundy.

I was asked for pictures with Grundy when I first signed up a few years ago. I wonder if they act as a broker for different insurance providers? That would explain all the different experiences. My actual coverage is through Philadelphia insurance companies, anyone have anything different?

I have both my M3 and M5 insured with them for $45k valuation, $410 premium each I believe.

[juju396]

I recently got a new policy with Grundy; did everything online (had to submit front / rear/ side pics) and there were no issues with them giving me agreed value quotes higher than 30k. I'm not sure what the issue is (location maybe?), but if they are firm in not accepting agreed values over 30k for e46m3; id have no issue going with Hagerty (as evidenced by their own valuation guide)

https://www.yumpu.com/en/document/read/65759258/hpg45-bmw

[sev]

just got off the phone with grundy, theyre telling me for my 05 m3, 30k is the max based on blackbook. i asked htem if i can send them comps from bring a trailer or grundy's valuation book and they said "we can try" but we're at the max. WTF

I even told them I know others that have the same car and policies with them that have higher agreed value. they told me to submit pics and comps to underwriting but likely wont make a difference

anyone else run into this?

[sev]

Me neither

i was. wtf?