I just looked up my Hagerty policy and to be able to receive my vehicle back after it is totaled adds an additional 15% of the comprehensive and collision premiums charged. Since liability is a pretty small amount of what I pay Hagerty, I'm not far off by figuring my insurance premium would go up close to the 15% if I added that feature. I passed on adding it last year and will probably not add it at renewal time. If my C+C is $350 for a vehicle my new premium would be $400 before adding the liability premium. Just seems too high a price. Plus I figure that the vehicle has a better chance of disappearing forever if stolen and there wouldn't be anything there for salvage. Not much different if it is taken out in a garage fire also - very little worth trying to recover. Just seems that insurance companies are trying to make too much money off the feature.
__________________
Mick Batson
1967 original owner Tyro Blue/black top 4-speed HO GTO with all the original parts stored safely away -- 1965 Catalina Safari Wagon.
|