Collector car insurance options
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Manny's Uncle
Joined: Wed Aug 08, 2012 10:36 pm
Posts: 56
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 Collector car insurance options I'm having trouble getting a correct Declaration from my new carrier. They've sent three Declarations with the wrong Agreed-upon Value and have really ticked me off.
What company are you using?
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N. J.
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| Sun Nov 18, 2012 12:37 am |
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BRVR
Joined: Sat Aug 11, 2012 1:48 pm
Posts: 19
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Re: Collector car insurance options PHILADELPHIA INSURANCE COMPANIES
888-647-8639
$1,631.00 / YEAR INSURED VALUE 69,500
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| Sun Nov 18, 2012 10:41 am |
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Manny's Uncle
Joined: Wed Aug 08, 2012 10:36 pm
Posts: 56
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Re: Collector car insurance options 12 views so far and only one response?
Come on guys...a little help here, please.
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N. J.
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| Tue Nov 20, 2012 10:35 am |
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179
Joined: Mon Aug 04, 2008 4:32 pm
Posts: 422
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Re: Collector car insurance options I had my Mangusta insured with Hagerty Ins (classic car) policy. As long as it is not your primary driver..!!
Check em out
John
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| Tue Nov 20, 2012 12:54 pm |
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Manny's Uncle
Joined: Wed Aug 08, 2012 10:36 pm
Posts: 56
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Re: Collector car insurance options Thanks, John. Many of the Classic Mini guys use Hagerty. Unfortunately, @ $653 for Manny, they aren't much better than just adding him to my regular policy. Grundy is too restrictive (shows, events, parades...phsssst).
I'm wide open to other possibilities.
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N. J.
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| Tue Nov 20, 2012 1:59 pm |
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179
Joined: Mon Aug 04, 2008 4:32 pm
Posts: 422
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Re: Collector car insurance options Here is the problem with "regular" insurances. THe vehicle will carry a market value of say 20k + depending on recent sales etc.... If a collision/claim happens they will try to "TOTAL" the car at 70% of "wholesale " value. So a damage claim of $10k would "Total" it.Then we loose another Mangusta from the family. Insure them for cash value "$35-40k" ++
John
415 351-5128 office
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| Tue Nov 20, 2012 2:23 pm |
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Manny's Uncle
Joined: Wed Aug 08, 2012 10:36 pm
Posts: 56
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Re: Collector car insurance options All too true.
My bad. I should have written "...my regular insurance policy but with a declared value.", which is what I have now, whilst settling out with a specialty company.
Having had a Honda-powered, AWD Classic Mini, I'm aware of the perils of "regular" insurance for a collector car.
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N. J.
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| Tue Nov 20, 2012 6:06 pm |
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Loco1234
Joined: Fri Jul 02, 2010 11:07 am
Posts: 92
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Re: Collector car insurance options I called my insurance agent; explained the situation & how much I felt I wanted "cash" if car were ever totaled. She contacted many different insurance agencies & got me a deal with my homeowners to cover the Qvale for approx 35K. (value I set) I choose this value figuring if I ever had to total & was gonna replace the Mangusta with another one of approx value.
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| Fri May 03, 2013 9:50 pm |
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ssalemi
Joined: Sat Apr 27, 2013 3:41 pm
Posts: 73
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Re: Collector car insurance options I just insured mine with State Farm for $378/6 months ($756/year), standard policy, $500 deductible and $35,000 replacement value. That even included a motorcycle and a scooter. Seemed pretty reasonable to me.
Steven Salemi
Old #94
Santa Fe, NM USA
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| Sun May 05, 2013 2:33 pm |
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