In addition to our Boxster, we have a 1998 C2S that's all original (except for tires) with only 29k miles on it. That car is driven only about 500 miles per year. The "blue book" valuations indicate that it's worth about $74k, but similar cars that are much less nice than ours are selling into the $90k+ range. Right now, this car is insured along with all of our other vehicles on our regular Liberty Mutual insurance policy. If we have a total loss with the C2s, the most we could get reimbursed would be $74k. This makes me nervous.
I started checking for an agreed-value policy and am having a hard time with their restrictions. Some of them allow "commute driving" within the annual mileage restriction (which I can easily live with)... but all of them are telling me that if we drive this car to the grocery store, we are not covered.
Our car is rarely driven on anything but a pleasure trip; however, I did drive it to work one time in the last four years, and we have rarely driven it on a shopping trip just to prevent it from sitting in the garage so much.
Do any of the fellow board contributors have experience with agreed-value policies? Are there companies that provide coverage if we drive our agreed-value car on a shopping trip?