1930 Tudor accident

[Keith True]

The buyback can be an eye opener for people with old cars.With modern cars a lot of times the car can be bought back for pennies on the dollar sometimes.By the time the insurance company pays towing,storage,has it hauled,does the paperwork,etc.a lot of times it is better for them to just keep a little of your settlement and walk away.It doesn't work that way with old cars.For the most part they have a very good chance to recover a big piece of change,so they do.You do have the chance to bid on it like everybody else.Cherished value from Hagerty just became available in N.H.It will go into effect on my cars next month.I bought my 30 Coupe back after it was in a fire,but it was a true total loss.For them to hire equipment to dig it out from under a burned house was just cost prohibitive.

[old31]

Originally Posted by Keith True

The buyback can be an eye opener for people with old cars.With modern cars a lot of times the car can be bought back for pennies on the dollar sometimes.By the time the insurance company pays towing,storage,has it hauled,does the paperwork,etc.a lot of times it is better for them to just keep a little of your settlement and walk away.It doesn't work that way with old cars.For the most part they have a very good chance to recover a big piece of change,so they do.You do have the chance to bid on it like everybody else.Cherished value from Hagerty just became available in N.H.It will go into effect on my cars next month.I bought my 30 Coupe back after it was in a fire,but it was a true total loss.For them to hire equipment to dig it out from under a burned house was just cost prohibitive.

Keith, what is Cherished value?

[dmaxweb]

Originally Posted by old31

Keith, what is Cherished value?

I too have Hagerty insurance in Virginia. After reading this thread, I called them and added "Cherished Salvage" coverage to my policy. The additional premium was less than $20/yr. Basically, if your car is totalled, they pay the full insured amount and you keep the car. This coverage may not be available in every state.

[burner31]

Originally Posted by dmaxweb

I too have Hagerty insurance in Virginia. After reading this thread, I called them and added "Cherished Salvage" coverage to my policy. The additional premium was less than $20/yr. Basically, if your car is totaled, they pay the full insured amount and you keep the car. This coverage may not be available in every state.

I had no idea about "Cherished Salvage", for an extra $20 bucks a year I'm going to add it to my '31 Model A and my '57 Chevy.

I wrecked my Harley, totaled, of course the lady turned right in front of me, but anyway I bought that back, fixed it, and my Chevy got creamed (another lady...just saying) bought that back too and fixed it.

Wish I knew about the "Cherished Salvage" then.

This tread has been an eye opener...thanks all

[mercman from oz]

This is Ordsgt's 1930 Ford Model A Sedan after the accident.
Good news that it is being repaired.