Insurance

[mowog]

I have been using State Farm for many years for all my insurance needs they insure my B for a stated value that I had to have an appraisal for but I have had one act of vandalism were the car was keyed and the paid to have the entire car repainted and the top replaced. Another claim replaced the engine after I hit a brake shoe at about 70 mph on the interstate I have been more than pleased with thier service While it is not a bargain price policy I get what I pay for and I like it so I continue to pay

 

[Basil]

<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Originally posted by tony barnhill:
Guys, there's no reason that a 'regular' insurance company won't insure an MGB....its just a car...they're not expensive collectors to be treated with kid gloves--<hr></blockquote>

In some cases maybe, but what may be "just a car" to one person, may be a labor of love to another. I know that some people put a great deal of time and effort (and yes, even expense) into their cars and I fully understand why they would want to protect it accordingly. I know there are some members here who have show-winning cars with very expensive (by my standards) and flawless paint jobs and if I had their cars, I would indeed treat them with kid gloves. I know that when I finally finish the 10-year restoration of my EType, yes I will drive it, but I will also treat it "with kid gloves" because for me, it would be irreplacable. Just my 2 cents with change.
Basil

 

[tony barnhill]

Basil...Many times people who don't know me misconstrue my statements...ALL MY MG's ARE SPECIAL TO ME--they're my children (when you come over you'll meet the lot)...however, when I take one out on the road I understand its already totalled (sort of like when I invest in the stock market, I assume that money's already lost) so I insure them appropriately....some of mine I've spent years & years restoring (heck, wait til you see the '70 GT on the rack) but they're still cars to be driven...so, I insure them that way...liability...but, just as I put my love into one, I can do with another...now, if my '79 that I bought new were totalled, I'd rebuild it regardless of the cost...
...my position is a bit different than most guys, however...I have all the partsI'll ever need to rebuild all my cars! 50 parts cars, 2 buildings full of loose parts & a second story of my garage packed chock full of parts designated for each car stored below them (nobody gets up there!)....so, an accident, while a loss, isn't devastating.....
,,,my insurance really is to protect the other cars not being driven from the errant lawsuit of the guy who hits me!

 

[Basil]

<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Originally posted by tony barnhill:
<snip>
...my position is a bit different than most guys, however...I have all the partsI'll ever need to rebuild all my cars! <snip><hr></blockquote>

Exactly - each person has to gauge their own situation for themselves. Your situation is certainly much different than mine. For me, for example, if I lost my EType after spending 10 years restoring it, I would be devistated beyond words. I insure it accordingly.

Cheers,
Basil

PS: As a retired career officer myself, I use USAA also.

[ 02-01-2003: Message edited by: Basil ]</p>

 

[Gary Lloyd]

I'm with you Basil!! They are a huuuuuge amount of work and I would hate to lose my 'B, but if it ever happened life would go on!! But I certainly don't expect that it will be totalled!! In B.C. we have no choice, our inurance is government run!! One of our stupid left wing ideas!!

 

[jonnyq]

I would recommend Haggerty. I have a 73 Midget, and despite the fact I am only 23 years old, insurance was only $125 per year!

 

[Super 7]

I have State Farm Mutual insuranece. My Seven, and one of the Cortinas are registered as classics. One has a declared value of $25000 dollars, the other $6000. One is $89 dollars per six months, the other $49 dollars per six months. I did not have to provide appraisals, but I did have to allow the agent inspect the cars, and take photos. I can only drive them 2000 miles each per year. They did not count the 450 mile drive from B. C. when I brought the Cortina home as part of the 2000 miles, though.

With my Motorcycle insurance, the Uninsured Motorist insurance is 3 times the liability coverage. The B. C. system of insurance / registration probably mitigates that to a degree. I wish there was some enforcement here to force people to insure their cars.

Just my 2 cents.

 

[aerog]

Super-7: Where/what state are you insured in? Just curious. My coverage is about the same, the mileage cap is variable (you just pay more if you add a couple thousand miles).

If you register a car in Florida you're required to show proof of insurance (that might be true when you get a drivers license renewed too, I can't remember). Unfortunately that doesn't prevent people who have had their licenses revoked or suspended from driving illegally, then causing an accident. It happens all the time. Which is just another reason I have good comprehensive insurance on my vehicles; seems pretty stupid not to.

[ 02-03-2003: Message edited by: aerog ]</p>

 

[Guest]

I have to agree with Gary, our government run insurance company is a nightmare to deal with. I had the misfortune of having aviation orange paint carried by the wind? onto my MG. I drove to the adjuster, and he informed me it wasn't covered,as the paint wasn't new enough to justify their cost. Their depreciation on the paint, was worse than driving a new car off of a car lot. If you live in B.C. and get your car painted, you need to take the receipt immediatley to ICBC to justify costs etc. So now I have to find a paint cutter(polish) to remove all the spots. Unfortunately I haven't found any way to win this arguement with ICBC. Any ideas on a good cut polish would certainly be appreciated.

 

[tony barnhill]

&, USAA knows the appraised value of all my cars in case the other guy smacks me...however, there's no limit on how many miles I can drive or where/when I can drive them because they're insured just like my '92 Sonoma pickup....if I total it, I've gotta buy another...if Gary smacks me, he'll be paying for repairs or replacement!
..&, my daughter is my lawyer if somebody messes with one of my MG's!

[ 02-04-2003: Message edited by: tony barnhill ]</p>

 

[aerog]

<blockquote><font size="1" face="Verdana, Arial">quote:</font><hr>Originally posted by tony barnhill:
&, USAA knows the appraised value of all my cars in case the other guy smacks me...however, there's no limit on how many miles I can drive or where/when I can drive them because they're insured just like my '92 Sonoma pickup....if I total it, I've gotta buy another...if Gary smacks me, he'll be paying for repairs or replacement!
..&, my daughter is my lawyer if somebody messes with one of my MG's!

<hr></blockquote>

While I'm not quite sure I understand how your "liabilty" insurance works it is somewhat admirable that you are willing to rebuild your vehicles at any personal cost.

However, I and many others here are in the position neither financially nor mentally to see our cars be destroyed without insurance that will cover our investments from total destruction. Destruction that may occur from any number of ways, not just a simple fender-bender.

I will furthermore comment that this started as a question about what insurance is available, not a debate or brag session about who can drive what car when and how far. We each have our very valid reasons for chosing the insurance coverages we have.

This is the conclusion of that discussion.

In short I think we've answered the original question about insuring the Midget. There are several companies willing to insure the vehicle, many of which have been named here. Some offer low priced collector-car insurance with the limitations and benefits those policies typically offer. Some companies have full coverage unlimited mileage policies with few limitations at higher costs, while still other companies will insure based on liability coverage only.