Insurance for a Classic Driver Found
#21
RE: Insurance for a Classic Driver Found
I have Liberty Mutual. It cost me in the $300's for 6 months. There are no restrictions on it and the value is based on comparable sales. I was going to use Hagerty, but your car has to be in a locked garage when not in use. No gagarage here.
#22
RE: Insurance for a Classic Driver Found
ORIGINAL: Code_S_390
...The agent explained my premium is based off my stated value of the car ...
...The agent explained my premium is based off my stated value of the car ...
Here's a primer:
Stated Value:
A value is stated in the policy, but the insurance company will pay up to that amount-and they can pay less. A Stated Value policy may pay you less than the amount you and the insurance company wrote in the policy, even if your vehicle is a total loss. Though you pay full premiums based on the amount written into the policy, the insurance company has the discretion, in the event of loss, to pay less.
Agreed Value:
The insured and the insurer agree upon a value that`s written into the policy. In the event of a total loss, it`s guaranteed to be paid, minus any deductibles. It is the only way to guarantee the value of a vehicle in the event of a total loss.
#23
RE: Insurance for a Classic Driver Found
ORIGINAL: AUTOLITE4300
I am an insurance agent... The stated agreed value is in writing, an absolute must...
I am an insurance agent... The stated agreed value is in writing, an absolute must...
And for those with restricted classic car policies (i.e. non-daily drivers), us daily driver guys envy your three-digit annual policy premiums...
#24
RE: Insurance for a Classic Driver Found
Here's some more info on the differences in the types of policies:
http://www.nadaguides.com/print.aspx...&f=5103&as=170
http://www.buyclassiccars.com/insura...chor--Ho-25621
Cheers! [sm=icon_cheers.gif]
http://www.nadaguides.com/print.aspx...&f=5103&as=170
http://www.buyclassiccars.com/insura...chor--Ho-25621
Cheers! [sm=icon_cheers.gif]
#26
RE: Insurance for a Classic Driver Found
Ask and you shall receive!
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[IMG]local://upfiles/29286/E1AE48179EEA449F9ADA49E8955D1F26.gif[/IMG] [sm=shootshoot.gif]
Sorry, couldn't resist.... I feel the same way....
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[IMG]local://upfiles/29286/E1AE48179EEA449F9ADA49E8955D1F26.gif[/IMG] [sm=shootshoot.gif]
Sorry, couldn't resist.... I feel the same way....
#27
RE: Insurance for a Classic Driver Found
You had better shop around. Maybe you can tell them your name is shawna.[8D]
ORIGINAL: Sean W.
someone shoot me, im a teenage boy with a muscle car and its going to be $2,197 for 6 months!
someone shoot me, im a teenage boy with a muscle car and its going to be $2,197 for 6 months!
#28
RE: Insurance for a Classic Driver Found
ORIGINAL: valley firearms
You had better shop around. Maybe you can tell them your name is shawna.[8D]
You had better shop around. Maybe you can tell them your name is shawna.[8D]
ORIGINAL: Sean W.
someone shoot me, im a teenage boy with a muscle car and its going to be $2,197 for 6 months!
someone shoot me, im a teenage boy with a muscle car and its going to be $2,197 for 6 months!
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tj@steeda
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09-08-2015 11:50 AM