Re: [Amc-list] Collector Car Insurance as I understand it.

[Wrambler242@xxxxxxxxxxx]

I have read my Collector policy at least six times as the company has changed hands since I bought it last year.
  It was very strict, The new policy is more lenient and expressly states that all mileage restrictions, restrictions against payment of damages if parked in a public lot unattended and other such things are WAIVED! Like I said I read it many time and had my attorney wife read the waived cover statment. It is the most lenient collector policy I've seen to date. State Farm has a leinient policy here too, but 50% more cost.
   I had Haggerty insurance for a few years and it is not for those that actually drive their collector cars. They offer little in the way of casual driving. Leave your baby in a parking lot while you run in for a part or soda, get a dent, not covered! You left it in a "public parking lot" unattended! So that leaves you with a car you can't run an errand in! Only take it for a cruise or to a friend, relatives house or car show....
   I shopped hard for coverage that would keep my car insured while driving it.
The newest waiver even allows me to run it to work if I want to!
   I'll pay a fine for running it during non use times on collector plates. I won't drive it if it's not insured and covered. After all you never know when something can go wrong. If it was planned it would be called an "on purpose" not an accident!!!
   If we had "on purposes" I'd sure never went on that bike ride!!!

As for cost. My latest coverage is for $7500 value, $500 deductable on Coll and Comp.
$119 a year.  Haggerty was $160. last time I checked. Both offer some tow coverage for breakdowns.


--
Mark Price
Morgantown, WV
1969 AMC Rambler, 4.0L, EFI, T-5
" I was different before people dared to be different" 

 -------------- Original message ----------------------
From: "John Elle" <johnelle@xxxxxxxxx>
>  
> SNIP
> Like I said, the few police I've talked to 
> about some of these things don't have a clue. They just see a neat old
> car,
> smile and wave!
> Mark Price
> SNIP
> Depending on the state and of course the rules as implemented by the 
> state, if there is some form of benefits to having some form of antique 
> or historical license plate that would be up to the state and the police
> 
> force responsible to see that those rules are being followed. The 
> "Collector Car Insurance" would be a whole 'nother animal. 
> It would first have to meet the legal requirements of the state involved
> 
> which would be unique to the state. The benefit of "Collector Car
> Insurance"
> is to supply the owner with some form of collision coverage for the cash
> value of the automobile at extremely low rates in the case of damage to 
> said car. 
> Do not be surprised IF the car should be damaged during a circumstance
> that
> was not allowed by the terms of the insurance and you go to claim
> damages 
> through the insurance company that they WILL refuse to pay for the
> damages. 
> Horror stories abound in the collector car community! 'Specially for
> those 
> who figured they could drive their car with impunity in any way they
> chose. 
> Restrictions of use will very widely by company as does ease of
> settlement
> if ever needed. In general, the more restrictions there are the cheaper
> the insurance is.
> John
>  
>  
>  
>  
>  
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