[Amc-list] Re; Collector car Insurance.

["John Elle" <johnelle@xxxxxxxxx>]

Steve wrote-
Snip
Hmmm, that's interesting. I didn't think about approaching them for our
Jav.
 
Because of this, I didn't even think of approaching them with a
36-year-old V8 coupe. I figured they'd look at me like I was from the
moon.
Snip
 
Steve, 
Let's make sure we are both on the same page here. You are NOT
approaching your 
company to insure your 36-year-old V8 Coupe with collision coverage. 
 
You are asking if they provide a "Collector Car" Policy. That is a whole

'nuther subject. 
 
My company will insure my 1980 fuel injected Spirit for daily driving.
They 
will give me collision coverage based upon a mutually agreeable price
which
in the case of my 1980 Spirit is $16,000. It will only cost me about
$6000.00 
a year. I need that car as a daily driver. However at $6000.00 a year
after 
three years I would have spent enough money on insurance to build
another one. 
Not a good deal. 
 
However if I want to insure my 1980 Fuel Injected Spirit as a COLLECTOR 
CAR, with the driving restriction as applied to collector cars I can 
insure the car for about $300.00 a year which is about what it costs me 
for my 1970 Mark Donohue Javelin and the 1980 AMX.
 
Now each insurance company will have it's own set of rules and guide
lines. 
It is up to you to understand what you are asking for and what you will 
get. 
 
The point is, you should be asking if they offer a collector car policy
and if they do what are the guide lines and the costs involved.
Remember the basic rule of thumb is easy to follow. In general the more 
restrictions there are to usage and parking, the cheaper the insurance
is. 
 
John
 
 
 
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