4 ms·
A bit over a year ago I had a car my father and I had spent 13 months restoring shipped from CA to VA by a high-end enclosed auto transporter. Four hours into t
by Mtinie 8y ago
A bit over a year ago I had a car my father and I had spent 13 months restoring shipped from CA to VA by a high-end enclosed auto transporter. Four hours into the drive an axle bearing seized up and the trailer caught fire. Total loss of all six cars, with over $1.25M in total damages (excluding the trailer).
The logical maneuvering the insurance companies employed to avoid paying their shares would have been awe inspiring to behold if I was not personally involved and therefore caught in the middle of a devastating situation.
If I learned anything, it’s that marketing B.S. and testimonials mean absolutely nothing when a transportation company is at fault after an accident. Also, always insure your classic automobiles with “agreed upon value” policies. This way you are covered to some reasonable fraction of your restoration outlay...otherwise you end up cry-laughing when the low-ball, hand-selected comparative values show up for significantly under the value of your receipts.
- sokoloff 8y agoAgreed on the agreed-value policies. We unfortunately had a claim with a car covered by Hagerty and they couldn't have been more professional, courteous, or speedy in resolving the claim. (We were 0% at fault in the accident, but even if we had been, I suspect the treatment would have been the same.) Hagerty agent even followed up afterwards to see how we were doing and to express sympathy for the loss of our car.