[Oldcarguy]

Largely to avoid having my insurance company total my 550 SE in case of a fender bender, minor deer strike, etc., I converted to an agreed value insurance policy yesterday. Premium is actually lower than my old policy.

Was going to go with a niche insurer but it turned out my current insurer does true agreed value for classics and speciality cars (via policy special endorsement). Bonus because I got to keep all my discounts and no problem for coordination with my umbrella liability policy (we’re with a single insurer for everything).

Wasn’t able to get the agreed value as high as some of the speciality insurers would probably agree to, but it’s high enough that I would want it totaled anyway if it exceeded my insurer’s ‘total it’ threshold (75% of agreed valued for my insurer).

After the FSI engine is installed I’ll revisit my options, but even then I might leave it as is and buy it back at salvage value if totaled. Main thing is that I’m better protected against them totaling the car under most all except the worst circumstances.