I find the labor hours invested thing to be super weird coming from an insurance agent. A perfectly preserved, 0 mile original car that's been in a container for 60+ years would require 0 labor hours and be worth a lot of money, depending on what the car was, and someone could spend 1000 hours restoring an 88 Taurus and that wouldn't make the car worth $50K. Very odd.
Sorry if this is a stupid question, but who/what is AMPAC? I’m to a point that I’ll be looking to insure mine soon as I’m hoping it’ll be drivable this summer, but also far from finished so that may make insuring it for what it would cost me to replace it difficult. Finding a rust free ‘57 Chevy truck (in the midwest especially) is pretty close to impossible unless it’s restored or never been driven, so I feel it’s got some value as an “unfinished” driver. Thanks in advance!
Google ANPAC and or Chrome insurance you will find it better than the rest. The main reason I've had them was on previous ride other insurance limited your driving (fine print) they didn't. Also on build I'm on they payed a visit and they were good insuring replacement value under construction. No liability. If I'm correct like $50-75 a year.
I had Grundy for years and all I ever did was send them three views of the car and we agreed on a value ( which I came up with and they never questioned). Recently I switched to Haggerty because they have an office ten minutes away. Basically the same procedure and no problems. Last year I put a second car on the policy and they never even asked for pictures, just wanted to see the title. Fortunately I've never had to file a claim, but a friend had a fire in his 55 Nomad and it was a total loss. He had Grundy, and they settled on the amount they had agreed on when he took out the policy. Good luck with it Sent from my iPad using H.A.M.B.
I've never had the slightest problem with Grundy on an agreed value policy. Then again I've had them for years with no claims.