Getting true value from insurance on a car totaled ?

My 2000 built Vintage Speedster was rear-ended by SUV towing A 20' boat probably a total. The car was in perfict condition. Less than 5000 miles covered and garaged never been in the rain not a scrach anywhere I want insurance to repace with like and kind value not what I paid for it. Any suggestions. Thanks Dan

It all depends on your policy. If you have an agreed value then more than likely, they will pay that amount. Most insurance companies won't go out and buy you a new car.

Who are you insured with?

First, I am an insurance agent for PA and laws do vary from state to state so your best option is to check with your insurance agent.

Your insurance policy does not come into play as you were rear ended, unless there is not enough coverage on the other veh's insurance to cover your loss. Your insurance may need to subrogate to get the money they pay back, but you're out of it at that point.

Your best option is to work with the company of the other vehicle and let them offer, then if you don't agree, or it's way less than the agreed value on your policy, you contact your agent and let them deal with it.

If you've not kept the value up on your current policy, or you only covered it for the amount you paid for it, that may be all you will get.

There is no advice like that of your agent in your state of residence. They are the person you should be directing your query to.

Kim(Alan's wife)

Sorry to hear about the damage to your car, Dan. Hope you're okay.

Dan, sorry to hear about your car. How is your neck? If the other driver has liability insurance, you need to start establishing the value of you car. What you paid for it is not a factor. It is the value of a same year/same condition /same make car. This site has a lot of cars that have been listed for sale. If you contact the owners of VS cars that have sold and get them to give you the price they sold the cars for in writing, this could help you establish a market value for your car. Actual sale prices of comparable cars is what you need. Also, as a former insurance adjuster and a person with a real C/6 C/7 disc problem, a sore neck is always worth a few thousand in "Property Damage" settlement talks. Good luck. All kidding aside, a rear end hit can cause bad thing to happen to spines. Often the problem takes a few days to really start hurting. Have a thorough examination.

John Hallstrand My insurance is Hagerty But the company liable is NATIONWIDE the SUV driver has admitted being at fault tey are paying

Cory Back and neck very uncomfortable and painful Iam seeing a specialist next week. I guess it could have been worse Thanks for asking

Alan Thanks for your info. As far as I can tell My car is worth 6 to 7 thousand more than the valued of the car on my Hagerty policy which is what I paid for it.

Will Pierson Thanks so much very helpfull My question is where do I find the cars for sale and prices on this site????

Dan,
Hope you're ok. As someone who settled WAY TOO SOON after a motorcycle accident 25 years ago, I can only say take your time. I got a brand new bike and a lot of old aches and pains. My problem now. Al

Alans wife? Is he spending too much time in the garage?

Good to hear you're OK. You can use the search function on the main forum page to find some past sales. Choose classifieds from the drop down menu.
You can also check eBay to see what they are bringing. You can also see completed auctions there as well.