[Healeys] Insurance Question

Atkinson, Robert rca53 at columbia.edu
Mon Oct 15 18:43:09 MDT 2007


I can't seem to find the right combination of insurance coverage: I
currently have "Classic Car" insurance which is very inexpensive but
restricts how I can use my car. Next year, I want to use it as an
everyday car during the warm months.  I have no problem with an annual
mileage limitation that comes with classic car registration in New
Jersey but don't want an insurance restriction on using it go shopping
or to work, for example.  A conventional policy would be more expensive
but has no usage restrictions (and cost isn't my principal concern: I
want liability protection however I use the car.)  The problem with
conventional insurance is there is no "agreed value" as with the Classic
Car insurance and my agent says that the insurance companies she
represents would value my '66 BJ8 at about zero in case of an accident
simply because of its age versus the $30K agreed value with the Classic
Car policy.

So, is it possible to get an "agreed value" AND no usage restrictions?
I'd be happy to buy two policies: a Classic Car policy to get the agreed
value and a conventional policy for the "no restrictions" (understanding
that the Classic Car firm might reject an agreed value claim if any loss
was in connection with a prohibited use such as leaving the Healey in a
parking lot while I'm shopping.) BUT my insurance agent says that can't
be done: you can't have two policies-even insuring different
interests--on one car.

Suggestions?  Experiences? Better agent?

Thanks

Bob Atkinson


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