[Tigers] Fwd: Driven Tger nsurance

Mon Aug 24 15:36:27 MDT 2015

I think it makes a big difference on where you are located. I  pay State 
Farm $202 for a stated value, classic car policy.  This is in  Vermont where 
the rates are more reasonable than a highly populated area.   For example 
I've been quoted prices from State Farm on another vehicle in both  Vermont and 
Florida. The Florida quote was almost double the VT  quote.

In a message dated 8/24/2015 5:26:41 P.M. Eastern Daylight Time,  
tigers at autox.team.net writes:

I had to get an appraiser's stated value in writing that cost me $275,  
that valued the car at 52.5, the writer for Commerce said they would only  
insure the car for 48 with a 500 deductible. If you want the freedom to use  the 
car it's gonna cost ya.
  Jeff

On Sun, Aug 23, 2015 at 6:50 PM, Stu via Tigers <_tigers at autox.team.net_ 
(mailto:tigers at autox.team.net) > wrote:

I just went through this,  and Hagerty seemed a little more liberal than 
Grundy.  Their use  restrictions mostly fit my use model.  Occasional pleasure 
drives, car  shows, cruise nights, maybe to a family party to show off, 
rarely to work  (once in the last year and a half), all the family at home have 
their own  cars, no family under 25 who know how to drive a stick, evening 
or weekend  drives to try to track down that pesky problem, and so on.  From 
what  their stuff says, these would be mostly OK.

Stu

On Sun, Aug 23, 2015 at 6:22 PM, Jay Laifman via Tigers 
<_tigers at autox.team.net_ (mailto:tigers at autox.team.net) > wrote:

I have had the same issue - this is also for my early 911 and  912.  There 
are a number of issues with all the classic car  policies.  As you've noted, 
it can't be your daily driver.  Not  only that, you have to have a car that 
is at least 15 years old for all  drivers in the house.  My 2000 Boxster, 
which is still like new isn't  good enough. One company said I might be able 
to get a waiver of this  one.  Some said there is no waiver.    

Another issue is that no one under 25 can drive the car.   So if  my son 
and I drive to a car show, he can't drive at all.  I kind of  get it.  But, 
life's too short not to enjoy these cars with my kids  here and now.

Another issue is that you can use it to go to work once and a  while.  But 
that is on a rare occasion when you are doing something  else.  So if you 
want to drive it every Friday or a week here and  there, you won't be covered. 
 That means NO coverage.  Some of  them were really strict on this - like 
if you get in an accident on a  Wednesday morning at 7:00 am on your route to 
work, don't expect getting  coverage for the accident without a huge fight.

One of the places, and I think it was Grundy's, I asked if I could  stop at 
a hardware store on the weekends.  She gasped and recounted  how she saw a 
Ferrari parked at the far end of a Home Depot over the  weekend and thought 
to herself that she sure hopes she doesn't insure that  car!  Geeze, really? 
 Us car guys can't stop at a hardware store  and park at the far end?  
That's a show stopper for me. Note some  others said it was ok if it was part of 
a joy ride and not a weekend  errand drive.

Believe me, I called EVERY ONE of the companies and asked them all  the 
same questions.  They all basically gave the same answers.   Yes, you can get 
their insurance and figure they will never know.   And they may give half 
answers about how they cover various things.   But, if you really put them to 
specific questions, they don't give good  answers.  

I get it.  They have to evaluate their risk and what they want  to insure.  
They want to insure parade cars and joy ride cars, and  will take the risk 
for a restaurant with your wife here and there.   That's not me, and never 
will be.  

I guess you can look at it another way too.  I have not paid  more than 
$10k for any of my cars.  So in one way, if something bad  happened, I would be 
out only $10k plus the expenses over the years.   I know, two of these cars 
are probably (definitely?) worth over $100k in  investment terms.  So I 
could lose much more in paper.  I don't  like looking at it this way, but it is 
a way to rationalize it.

Right now, I do a lot of self insurance by being especially careful  where 
I park the cars, how long I am away from them, how well they are  locked up, 
etc.  It's not perfect.  But, I'd rather be  underinsured than have NO 
insurance because I have a classic policy and  I'm using it to actually drive.

Jay

On Sun, Aug 23, 2015 at 2:59 PM, genepadgett--- via  Tigers 
<_tigers at autox.team.net_ (mailto:tigers at autox.team.net) > wrote:

I did not see this post to my own e-mail and am thinking that  somehow it 
did not go through.  I am re-sending it in hopes that it  will go through 
this time.   Confirmation of receipt from anyone on  the List would be 
appreciated.

TIA,   Gene

____________________________________
From:  _genepadgett at comcast.net_ (mailto:genepadgett at comcast.net) 
To: "tigers" <_tigers at autox.team.net_ (mailto:tigers at autox.team.net) >
Sent: Friday,  August 21, 2015 12:28:53 PM
Subject: Driven Tger nsurance

Hi All,

With the recent jump in auction prices for our cars, I am wondering  what 
people like me who just enjoy driving their cars are doing for  insurance.   
I just got turned down by Grundy because the "vehicle  cannot be used as 
backup, primary or secondary transportation".    This dispite the fact both my 
wife and I have other cars which serve as  our regular daily driver vehicles.

To me, being able to take the Tiger out when and where I want to go  is the 
essence of having and enjoying the car in the first place.    It is the 
journey not the destination that matters to me.    I  bought the car new in 
1967 and have never thought of it as a collectible  or investment.   Still with 
the recent escalation in apparent  values, I do not want to be stupid about 
insurance.

Anyone else on the List that might be of a similar mind as me and  own 
their Tiger for the enjoyment of driving it can bring?   If so  what do you do 
for insurance?

TIA,

Gene

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