SLS/R197/C197 AMG: SLS Insurance
01-13-2022, 09:56 AM
#1
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Join Date: Apr 2017
Location: IL
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15 S550 4Matic, SLS AMG Gullwing, Previous: Every S Class, SL, 190E, C Class. '16 AMG GTS
SLS Insurance
Hi All,
I have a 2011 Gullwing that I think is amazing. I'm sure many of you have noticed the appreciation in value of these cars (whether it is truly an increase in their value or just pandemic related inflation, or if it will continue is something to be debated). I currently have all my cars insured through State Farm, however, with the increasing value (or stable value) of these cars I'm curious to know if it should be insured differently and potentially through a different company. I'd love to know what many of you do for these types of situations. Would like to know:
1. What companies do you use and what coverages and premiums (if you don't mind sharing)?
2. Does anyone have an "agreed value" or "guaranteed value" for total loss? What companies would be suggested? Has anyone had a total loss and had a good experience with the claim?
3. Does anyone have any experience with a "diminished value" claim? (The reality is that if the car is damaged and fully repaired, the fact that it happened will diminish it's value... and likely significantly). If so, how does one go about doing this? What companies?
4. Are there other insurance strategies to consider to manage situations (umbrella, etc). I'm obviously not too familiar with a lot of these things and believe that many on the SLS forum are far more financially savvy than I am.
5. If there's anything else to think about I'd appreciate the insights.
Thank you all in advance!
I have a 2011 Gullwing that I think is amazing. I'm sure many of you have noticed the appreciation in value of these cars (whether it is truly an increase in their value or just pandemic related inflation, or if it will continue is something to be debated). I currently have all my cars insured through State Farm, however, with the increasing value (or stable value) of these cars I'm curious to know if it should be insured differently and potentially through a different company. I'd love to know what many of you do for these types of situations. Would like to know:
1. What companies do you use and what coverages and premiums (if you don't mind sharing)?
2. Does anyone have an "agreed value" or "guaranteed value" for total loss? What companies would be suggested? Has anyone had a total loss and had a good experience with the claim?
3. Does anyone have any experience with a "diminished value" claim? (The reality is that if the car is damaged and fully repaired, the fact that it happened will diminish it's value... and likely significantly). If so, how does one go about doing this? What companies?
4. Are there other insurance strategies to consider to manage situations (umbrella, etc). I'm obviously not too familiar with a lot of these things and believe that many on the SLS forum are far more financially savvy than I am.
5. If there's anything else to think about I'd appreciate the insights.
Thank you all in advance!
01-14-2022, 10:40 PM
#3
Senior Member
For agreed value or stated value I’d recommend American Modern Insurance as well.
01-15-2022, 09:50 AM
#4
Member
For what it's worth, Hagerty and American Modern are both great options. I keep cars insured with each of them. That way if there's ever an issue I'm already an existing customer just looking to add a few more cars to my policy instead of someone who just had to file a claim and was looking for a new insurance company.
No one will tell you how to file an agreed value claim. I searched far and wide for information and even asked my own insurance company about it. No answers anywhere. There is one guy that I spoke to who was an absolute gem and he is certainly the guy I would call if something like that should happen. His name is Richard Hixenbaugh 770-887-7626. It's been a few years since I spoke with him, but he would be my first call. His company is Collision Claims 3803 Main St., Oakwood, GA 30566.
Depending on how badly damaged your car is, it may or may not show up on Carfax. Wait about 90 days after the repairs complete and then purchase a Carfax report and see if it shows up there. If it doesn't, there's no reason to file a diminished value claim. If it does, call him.
No one will tell you how to file an agreed value claim. I searched far and wide for information and even asked my own insurance company about it. No answers anywhere. There is one guy that I spoke to who was an absolute gem and he is certainly the guy I would call if something like that should happen. His name is Richard Hixenbaugh 770-887-7626. It's been a few years since I spoke with him, but he would be my first call. His company is Collision Claims 3803 Main St., Oakwood, GA 30566.
Depending on how badly damaged your car is, it may or may not show up on Carfax. Wait about 90 days after the repairs complete and then purchase a Carfax report and see if it shows up there. If it doesn't, there's no reason to file a diminished value claim. If it does, call him.
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Rbcj50cal (01-15-2022)
01-16-2022, 01:06 PM
#5
MBWorld Fanatic!
You might also try J.C. Taylor. They advertise in the MBCA magazine "The Star" and I think MBCA members might get a discount. Beyond the pandemic, I do think SLS values will continue to rise given their direct connection to the legendary W198. You might also check with the Gullwing Group and see what recommendations they might have. They've recently voted to allow SLS owners to join their group.
01-16-2022, 01:08 PM
#6
Senior Member
You might also try J.C. Taylor. They advertise in the MBCA magazine "The Star" and I think MBCA members might get a discount. Beyond the pandemic, I do think SLS values will continue to rise given their direct connection to the legendary W198. You might also check with the Gullwing Group and see what recommendations they might have. They've recently voted to allow SLS owners to join their group.
I recently joined GWG! The more SLSs the better.
