I've got to agree with Richard. Most homeowner's policies (at least all
the ones I've seen) specifically exclude vehicles. Some even exclude the
contents of the garage (whatever they are).
As for insurance companies, I've been using Motorist's Mutual. I drive the
car all summer, and store/work on it all winter. I have a standard policy
on it, and drop back to fire & theft only in the winter. All Motorists
requires is a signed letter indicating my desire to drop liability over the
winter, and a phone call gets it re-started in the spring.
It may help that I've been dealing with the same agent for 10 years now,
and that we have all our coverage with them.
My $0.02
Chris Kotting
ckotting@iwaynet.net
On Wednesday, September 02, 1998 8:21 PM, Richard L. Bergstrom
[SMTP:ric_bergstrom@juno.com] wrote:
>
>-----------------------------------------------------------------------
-----
> >I would check with your home-owners insurance. While your car is in
> >your
> >garage it should be fully covered under that policy.
> >-------------------------------------------------------------
>
> ooh....Just had write back on this one..
>
> >From my Homeowners Claims/ Agency background this would be highly
> unlikely on almost any Homeowners policy you will ever find. Get this in
> writing from an an agent or claims person (hint...you wont get this in
> writing from anyone!)
>
> I agree with Mr. Gilroy a standard auto policy (and great documentation
> of restoration/value) is best for people who actually drive their
> cars...most of us I hope.
>
> I have a number of cars that have comprehensive only and no liability as
> the plates are off and the car is in storage.
>
>
> Ric Bergstrom, Richmond, VA 73-74 Midget, 88 Volvo
>
> Central Virginia MG Classics WWW.CENTRALVAMG.COM
> COME TO RICHMOND---September 19th-20th Richmond British Car Days at
> Berkeley Plantation. E-mail me for info or see the website.
>
> On Wed, 02 Sep 1998 14:51:34 -0400 "William M. Gilroy"
> <wmgilroy@lucent.com> writes:
> >About 1 month ago I posted a question about insurance for a LBC. I
> >got
> >back lots of responses. They seemed to fall into 2 categories. The
> >first
> >is some type of collectors insurance. The second is a regular policy,
> >but
> >one that allows you to suspend the liability portion (which is the
> >lions share
> >of the cost) during months you don't drive. If you are interested in
> >collectors insurance you should get a copy of Hemmings Motor News.
> >They
> >have most of the big companies listed. A partial list that I checked
> >with
> >is:
> > 1. Hagertys
> > 2. Grundy
> > 3. American Collectors Insurance
> >
> >I decided to go with my regular carrier and suspend the liability
> >portion
> >when I don't drive the car. You should check around, some companies
> >are more
> >flexible on this. Some require you to suspend it for a minimum period
> >of time,
> >such as 30 days. Other companies want you to provide proof that you
> >have
> >surrender the plates.
> >
> >My main concern was that collectors insurance generally spell out that
> >you
> >cannot drive the car to work, only to car shows, use it in the sprit
> >of a
> >collectors car. I feel I would not be able to meet these restrictions
> >and
> >living in such a sue happy society, I choose a regular policy. Call
> >me a
> >chicken but I have seen both laywers and insurance companies in
> >action.
> >
> >Below are some of the responses that I received. I hope I have not
> >offended
> >anyone by including them. If I did let me say I a sorry. Thanks to
> >all who
> >replied and to the person (sorry I forgot your name :-( ) who called.
> >
> >
> >--
> >William M. Gilroy
> >77 Midget about to go on the road
> >E-mail: wmgilroy@lucent.com
> >Telephone: 732-957-4775
> >Fax: 732-957-4775
> >
> >=========================== cut here
> >==================================
> >Give Parish Motorsports Insurance in Nashville, TN a try. They
> >specialize
> >in collectors car insurance. You supply a few photos, and presuming
> >you're
> >not claiming the value to be over 50K, you probably won't need an
> >appraisal.
>
>-----------------------------------------------------------------------
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> >... insured with American Family Insurance since 1985.
> >Last year my insh man called me and indicated his underwriter decided
> >to
> >change to what I would call a "seasonal" type of insh. Since I only
> >drive the car in the summer and then only a small amount they decided
> >to
> >change to this type of coverage which greatly reduced my payment.
>
>-----------------------------------------------------------------------
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> >I bought my insurance from American Collectors, ...
>
>-----------------------------------------------------------------------
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> >2) You might want to contact a regular insurance company and see of
> >you can
> >get a reduced premium based on a limited number of miles/year. Also
> >see
> >how the feel about a regular cycle of dropping the car back to "comp"
> >(fire
> >& theft only) insurance over the winter when you're not driving it.
>
>-----------------------------------------------------------------------
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> >I have had good results with J.C. Taylor, 800 345.8290.
>
>-----------------------------------------------------------------------
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> >I would check with your home-owners insurance. While your car is in
> >your
> >garage it should be fully covered under that policy.
>
>-----------------------------------------------------------------------
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> >Have you priced regular insurance through Metropolitan Properity and
> >Casulaty?
>
>-----------------------------------------------------------------------
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> >You may want to check with a couple of "regular" car insurance
> >companies. Some
> >may let you drop the collision part of the policy for the months that
> >you
> >don't drive it.
> >
>
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