To protect yourself from under value due to total loss as a result of theft or accident, has anyone had their car appraised by and independant appraiser for inclusion of a #19A rider on their policy. I feel our cars are extremely rare (especially in Canada) and will be hard to replace. However, my insurer may not feel the same way. My wife has a friend in the insurance business that says I should have this done and has stated that my car is valued at $42K on the Red book?
When I called my insurer they said that they may not allow a #19A inclusion because the car is only 5 years old, not a classic, and not modified with receipts. Anyone in Canada dealt with this already?

 

Nobody??

I'm surprised by this.

 

Sparkie, I'd be really surprised if the carrier would do this on this car. The Bluebooks rule in the insurance business, and the value is at best maybe 20 on your 6, haven't checked but probably even a bit less. You may be able to get a stated value policy, but they'll be suspicious if you do that. That's why I'm not driving it much in the winter. some durn fool hit me, and I'm out maybe 14K but the loss of my Cross and for the classic it will become, especially to me will be priceless. Unless I can find another really quick and cheap at these prices.

 

I'm going to pursue this. I question the Red book value which I am told is the bible of Canadian Insurers. I'll see what gets done but I also don't want to get my premiums raised by too much due to a higher stated value.

 

I hit a deer last summer (2009) and the cost to repair my 2005 crossfire coupe was $16,800. I bought it used in 2008 for $22,000 and when I first heard how much the damage was, I thought the insurance company would write it off but was told by my insurance guy that they were repairing it so the value of these fine cars must be higher, either that or my insurance company was somking crack and made a mistake... lol

 

I am going to have mine checked out by an appraiser soon. If something goes wrong I want to be sure I can go out and buy an srt6! ... CASH.

 

uh huh