Re: Classic Car Insurance ...are they nuts? (depends who you pick)

[TABunsey@xxxxxxx]

John:

I have my 1967 Rogue convertible insured thru my "regular" insurance company (State Farm). The original 6-cylinder Rogue has been correctly converted to a 360 with the appropiate V8 drivetrain and suspension parts.

I have stated-value "Collectors" insurance on the car. The car is overvalued at $15,000. To get the "Collectors" rate I have to have ANTIQUE tags on the car. They did ask if the car was stored inside (YES), and at home (YES). Mileage is limited to 2500 miles per year, but the agents assured me that as long as my AVERAGE annual mileage came out to less than 2500, there wouldn't be any problem. I drove the car to the agent's office where they took three poloroid photos (front, rear & engine compartment) of the car.

 My full coverage ($250 deductable) semi-annual premium is $56.68! 

If I had insured the car for $10,000 the semi-annual rate would have been about $12 lower.

Of course, Antique tags does (technically) limit what I can use the car for. It's SUPPOSED to be for driving to and from car shows, and such like.

Consequently, my other "collectable" Ramblers are insured the same way, but at somewhat lower rates.

1965 330 2-door sedan; 195.6 flathead & automatic
1965 330 4-door sedan; 195.6 OHV, 2-bbl (Power Pack) & automatic
1965 440H hardtop; 232 2-bbl & floor-shift automatic
1968 440 4-door sedan, 290 & automatic
1969 440 4-door sedan; 199, automatic & a/c

Tom Bunsey



  
> Soooooo........After looking at a bunch of different
> 'Collector Car' insurers, I chose one because they
> had an online price quote system, had no mileage
> limit, and were based one state west of here...
> among other reasons that just about all the other
> insurers also had.
> 
> The online quote stated $65/year for my new Hornet.
> I requested an application, then received it by mail.
> It specified a $100 premium, with no explanation for
> the increase over the online rate.
> 
> I returned it filled out with my check for $100 and
> the required 2 clear photos of the car. A week later,
> I receive a notice of denial for these three reasons:
> 
> 1- 'Youthful endorsement not filled out'
> [This form indicated it applied to households that
> HAVE drivers under the age of 25, which mine does
> not, so I had returned it marked 'Not Applicable']
> 
> 2- 'Mileage appears unrealistic for a collector vehicle'
> [The application asked how many miles I intended to
> drive it annually. Since their website stated they
> had no mileage limit, I had simply said 5000 miles to
> give myself LOTS of leeway if the car ever did make a
> long run or two to cross-country shows...but if they
> have no limit, what the heck is the problem?]
> 
> 3- 'Vehicle does not appear garaged'
> [They asked for 2 photos of the CAR, not of the GARAGE!
> Was I supposed to put it inside, close the door and take
> two shots of the car through the freakin' window???]
> 
> 
> I fired off a hastily written and not-very-friendly Email
> to them early this week. I got no response until today
> when in my regular mail was the same form, now marked
> 'pending approval'. Now they want:
> 
> 1- 'Garage photo required'
> [...as if that's proof I'll keep it in there. Silly.]
> 
> 2- 'Photos of vehicle interior and engine'
> [..and maybe one of the inside of the gas tank?]
> 
> 3- 'Signed and Notarized Youthful Endorsement form'
> [..despite no such folks living here]
> 
> 4- 'Payment required in the amount of $100'
> [I'm sending the very same damn check I sent the first time]
> 
> No where did they bother to waste any words apologizing
> or explaining the previous denial. I guess I'm supposed
> to feel honored enough that they've reconsidered.
> 
> 
> John W Rosa
> 
> http://www.JavelinAMX.com
> 
> 
> .


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