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no restrictions of ANY kind? they don't care where you keep it and how many other cars you have??? what's the name of the company?

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There were too many restrictions on the classic category (max milage, etc.).

I have my Healey insured as a classic...I pay around $280 for the year...no limitation with regard to milage...no restrictions of any kind...my car is "almost" a daily driver...and that is based on an "agreed" value of $50,000...

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no restrictions of ANY kind? they don't care where you keep it and how many other cars you have??? what's the name of the company?

I do have to have it garaged (at least it's supposed to...it is of course)...so I guess that is a restriction...I own two other cars...the name of the company is "Pollman's Insurance"...here is link that you can check them out...

Pollman's Insurance

Looking at my policy...it is actually insured by Empolyer's Fire Insurance Co...but you have to buy it from a broker...like the above...

I know local people that use Pollman's and they are very happy...I was turned on to them by a guy who owns a vintage Ford Model-T...
 
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hagerty is awesome – $470 vs the $1500 i pay to insure my regular car. (stupid state farm)....

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Actually, the Snake Farm has a "Antique or Classic Motor Vehicle Endorsement" #6171BC that greatly reduces premiums without onerous restrictions. However, I expect this will also require one additional vehicle per insured driver.
 
hypothetically speaking of course, what do you think the risk is of not admitting that there are other licensed drivers in the house if there is absolutely no chance that she – i mean, this hypothetical person – will ever set foot behind the wheel of this hypothetical car?
 
Hypothetically, if they find out that you mis-represented things they can use it as a reason to cancel you or refuse to pay a claim. I'll bet it wouldn't be hard for them to discover the situation if they were so motivated. You may be surprised at the number of data base connections that insurance companies have. With a little investigation, even I could discover the facts.
D
 
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hypothetically speaking of course, what do you think the risk is of not admitting

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The problem with committing insurance fraud is that it's not a problem until one needs the insurance. Then, as with most lies, one would have to spin more lies to cover the first. Respectfully, the answer to the hypothetical question is "don't do it".
 
don't get me wrong, i don't like being dishonest. but, unless i'm missing something, my only other choice is having the car insured through a regular insurance company for much less than it's worth.
 
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don't get me wrong, i don't like being dishonest. but, unless i'm missing something, my only other choice is having the car insured through a regular insurance company for much less than it's worth.

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I understand, and I did not assume that you would be dishonest. Obviously one of the ways the "Classic Car" insurers seek to lower their exposure is by requiring that each driver in the household have a 'real' car that they can take to work, etc. The problem with making a "misrepresentation" is that it is likely to become a material one in case of a claim and if a carrier can avoid exposure to loss, esp. for liability, you must assume that they will seek to. I'd err on the side of caution, disclose what you must and see if there is a way of getting covered. FWIW I've found the folks at Hagerty to be very up front and cooperative.

Best--Michael
 
much less than it's worth.

That's why you insure it for the "agreed" value...which is what my insurance policy allowed...I'm sure other classic car insurers do the same... /ubbthreads/images/graemlins/laugh.gif
 
your regular insurance policy allowed you to insure for agreed value? state farm wouldn't - who's yours?
 
regular insurance policy allowed you to insure for agreed value? state farm wouldn't - who's yours?

You need to see post above regarding my Healey insurance...however my other cars are insured with Mercury...and have nothing to do with the Healey...it was the Healey that I was writing about as to "agreed" value...
 
i'm sorry - maybe i'm being thick. please bear with me.

i understand that it's your healey that you were able to insure for agreed value. and i understand that most, if not all, classic car insurance companies let you do this. what i'm looking for is a "non classic" insurance policy that will let me insure for agreed value – since i don't seem to be eligible for coverage by a classic car company.

thanks!


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regular insurance policy allowed you to insure for agreed value? state farm wouldn't - who's yours?

You need to see post above regarding my Healey insurance...however my other cars are insured with Mercury...and have nothing to do with the Healey...it was the Healey that I was writing about as to "agreed" value...

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what i'm looking for is a "non classic" insurance policy that will let me insure for agreed value

Sorry...not sure...but it seems to me...that if you have receipts for improvements...that create a greater value to your car then the "blue book" states...that the insurance company would allow an "agreed" value...having said that...that's a guess...as I stated...not sure.. /ubbthreads/images/graemlins/blush.gif
 
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Go to Progressive's Website. You can insure your vehicle for the time you drive it for a specified value.

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To my mind that is the way to do it. Depending on the value the carrier may request an appraisal... personally, I get an appraisal in any case and provide a copy to the insurance company.

I recall when I got my last appraisal the guy said "I don't see why you can't insure for it for whatever amount you think it's worth -- after all a dancer can insure her legs for a million dollars."

I pointed out that a dancer probably wouldn't crush her own legs to collect a million dollars whereas a car owner...
 
Joeq: Have you tried JC Taylor for insurance coverage. My BJ8 is insured through them; $230 @$30,000 argreed replacement value. SUV dented front fender 4 years ago; adjuster was at my house within three days; payment was prompt.
 
There is a big difference between "agreed value" & "stated value" - just make sure that you understand & are talking the same terms.
 
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Next point is, you figure the value of your car and base your coverage on that value. Progressive allows you to do all this

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It sounds like you do not understand the difference. Progressive appears to insure for "actual cash value" which is the same as "declared value" or "stated value". In the event of a total loss these lesser coverages are vastly different than "agreed value". "Actual cash value" & it's equivalents will pay a depreciated amount with lots of haggling. "Agreed value" will pay the agreed value, no depreciation, no negotiation, no hassles. It may make little difference on a cheap car, but on a high dollar car there can be a big difference. Buyer beware & check it out.
D
 
I think of insurance like gambling. You put yur money down. The house is betting you will try hard to protect your invetment. You are betting you wont. If you win you lose. If you lose, you lose. Soooo, it's a no win situation. /ubbthreads/images/graemlins/wink.gif
 
I have my 1973 MGB insured with State Farm Insurance Co. I pay $60.00 every six months for 100/300/100 liability, uninsured motorist, underinsured motorist, comprehensive and collision coverage. I have a stated value policy with a 2500 mile per year driving restiction and the vehicle must be kept in a locked garage.

Jim Wofford
1973 mallard green MGB
 
I agree that insurance is a rip-off for the collision component. The amount you pay out is way more than you will ever collect - and when you try to, they just raise your rates.

The only good part about insurance is the liability component. If under some awful circumstances you end up seriously injuring or killing someone and are sued, you will be glad you have the liability insurance.
 
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