[musides]

My 1985 300DT has insurance, but I'm worried that if I got into an accident the insurance company would offer pennies on the dollar. A previous thread mentioned Hagerty, but they have a mileage restriction of 5,000 miles/year. Just talked to State Farm and they only allow 2,000 miles/year!

Is there any insurance for a daily driver that would replace the value of the car? It is quite strange I think -- why can't an insurance company do an "agreed value" and just set the premium accordingly?

 

[Beverly Sharp]

insurance

Go back to 3/20/09 for the post, "Insurance costs," and you'll find a bunch of information and input by owners on this subject. Good luck to you. I, too, am full of skepticism about insurance companies treating us fairly on these old MBs, with good reason I might add.
Hemersam

 

[musides]

Go back to 3/20/09 for the post, "Insurance costs,"

It is a good thread and I've read through it. There are some other good ones too in previous years. The problem is that I haven't seen *any* thread suggest stated value for a daily driver. Hence my question. Perhaps it isn't possible?

 

[oliverb]

I have "stated value" for antique coverage from State Farm but have never asked about this type of coverage for daily driver insurance.

 

[sokoloff]

There's a difference between stated value and agreed value. Make sure you know the difference before buying a policy.

Len