Any recs for a company whom will not balk at paying out a proper amount if one has to file a claim of the loss of their S2k?

 

That requires an Agreed Value policy. Basically, specialty car insurance. Hagerty, etc.

You pick a payout amount, your dates based on that amount. They won't let you go overboard here. You can't just say your 150k mile S is worth $200k. But $30k, yeah, they'll do that.

Plus, if you're too low, they'll tell you. Value of your car goes up, they'll let you know, time to increase it.

Downside = restrictions. Some of these policies you can't drive car at all except to events. Car meets, etc. Can't even stop at grocery on way home. No Sunday drives, no going out for ice cream.

Which is why Hagerty is one of the best. Very few of these restrictions. Make sure whatever restrictions will work for you.

Guess what, you get hit while violating a restriction, no coverage. Even if not your fault (other guys ins won't abide by you AV amount).

Note, there is a thing called Stated Value policy. Beware its NOT the same as Agreed Value. SV is what traditional ins will offer if you ask about this specialty type coverage. State Farm, Progressive, etc. Problem is, its toothless. Its the MAX they'll pay. They can still pay anything BELOW that amount they want.

You think you're getting AV, but its opposite. It caps how much they'd pay. Avoid SV.

 

Hagerty is my recommendation. I have had them since I bought my s2k. I have mine set up for a good value and 5000 miles per year of driving and it was still less than what I would have paid through a normal insurer who 100% would hose me on value if anything happened. I also added their cherished salvage to mine. With that, if totaled, you get the agreed upon amount plus you get to keep the car.

 

Mine is with Grundy, has been for 10+ years. Most are getting more lax about restrictions on driving, it cannot be your daily driver but you can drive it to work or the store when you want. I have Hagerty for the 911 and they've been fine to deal with, no claims for either one. When I checked years ago Hagerty didn't offer insurance on the S2000, believe it was CR's only at the time.

 

I started mine on my AP1 in 2014, so may have been different before that. I have not made a regular claim. I do use Hagerty HPDE insurance and have made a claim on it and it went smooth as butter, even when I added about $2k worth of stuff to the claim that they missed after I tore the car down and found more damage. I was pleased with the process on that one.

 

If you're in SoCal... AAA.

 

Hagerty seems to understand now the S is special. Some years ago, it seems some were told the car didn't qualify, while others had no trouble. Seemed to depend on agent helping you.

Maybe some high profile auction results had something to do with that.

 

I think I am going to move my S2000 from Farmers to Hagerty. Need to check them out before winter ends.

 

I've had Grundy on my S2000 since 2018. No problems, lower annual cost than Hagerty when I got it, and when I've checked a couple of times since.
A good friend, a lawyer that worked on behalf of several insurance companies, once told me the only time you know how good your insurance is, is when you have a claim. So, I have no idea how good mine is.

 

I will do some research on Grundy as well as Hagerty to see which is best for me and my area of town.