Ferrari Mailing List: Hagerty 328 Valuation

[Bob Ochsman (ochsman]

Hagerty refused yesterday to place a declared value of $70,000 on my '88 328 GTS - 30,000 miles.  Their position

is that is too high a valuation.  Their rep by phone said they would study the matter further and get back to me.

Now, before you guys get on my case that that's not a Clyde value, that is true.  But to my mind, the declared value for insurance purposes should be the full retail value.  In any case, I'm a customer who is willing to pay the insurance tab for this valuation.

I was motivated to raise the declared value on my car by both the valuation data in Cavallino and the values posted in the latest issue of Forza.  While they may not be fully accurate, many potential buyers and sellers will baseline their negotiations against those numbers.

In any case, the situation is pending and the Hagerty rep said they'd come back to me with their final determination in a day or two.

Thoughts?