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Yes, what Phillies8008 said. I have four cars with Hagerty, where each car has a specified value. Oldest is a 1967, and newest is a 2013. Combined those cars see about 4k miles per year.
I also have those cars listed under my umbrella liability policy with USAA. That insurance provider requires certain minimums on coverages, which Hagerty was able to match.
When I spoke to a rep at Hagerty to set the value, my strategy was to compare to actual selling prices from Bring A Trailer. I got no push back. I imagine if I had said my 60k mile '01 M Roadster was worth $100k, they would have politely declined, but I will never know.
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