Insurance for actual cash value? Stated value? - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

Seraphim38 · 12-10-2012, 12:43 PM

Recently I found out that while my insurance policy states "Actual cash value", when something happens they appeal to a blue book value not what my car would actually sell for since it is modified. My insurance company is stating that my car is insured as if it was bone stock with a KA in it, which it definitely is not. My insurance agent said, "No problem" when I got the policy from him for my modified vehicle, but now that my car was involved in an accident, (not while I was driving), my insurance agency is valuing my car at $3k (which is completely absurd). I am pursuing a proper auto appraisal right now, and am working with both the Washington Office of the Insurance Commissioner and the insurance agency to negotiate the repair costs so that I can get my car repaired properly.

Since finding that out I was directed to go to Hagerty for stated value insurance, but Hagerty Insurance only insures modified "tuner" vehicles that are not daily driven, they must be stored in a garage and have a value over $30K.

I want my car to be properly insured for exactly what it is documented to be.

Anyone have real insurance coverage for their modified, daily driven 240sx?

12-10-2012, 12:43 PM	#1
Seraphim38 Zilvia Addict Join Date: Oct 2010 Location: Washington Posts: 810 Trader Rating: (6) Feedback Score: 6 reviews	Insurance for actual cash value? Stated value? Recently I found out that while my insurance policy states "Actual cash value", when something happens they appeal to a blue book value not what my car would actually sell for since it is modified. My insurance company is stating that my car is insured as if it was bone stock with a KA in it, which it definitely is not. My insurance agent said, "No problem" when I got the policy from him for my modified vehicle, but now that my car was involved in an accident, (not while I was driving), my insurance agency is valuing my car at $3k (which is completely absurd). I am pursuing a proper auto appraisal right now, and am working with both the Washington Office of the Insurance Commissioner and the insurance agency to negotiate the repair costs so that I can get my car repaired properly. Since finding that out I was directed to go to Hagerty for stated value insurance, but Hagerty Insurance only insures modified "tuner" vehicles that are not daily driven, they must be stored in a garage and have a value over $30K. I want my car to be properly insured for exactly what it is documented to be. Anyone have real insurance coverage for their modified, daily driven 240sx?