[TR] Seeking Classic Car Insurance Advice

Bob Danielson 75tr6 at tr6.danielsonfamily.org
Tue Aug 9 16:13:13 MDT 2011


What you want is "agreed to value" which means that both you and the 
insurance company agree that the car is worth $15K. Maybe that's what they 
mean by "actual cash value". You don't want "Stated Value"............. all 
that means is that you're telling them your car is worth $15K. It doesn't 
mean that they agree with that value or will pay you that much if you get in 
an accident.

Other things to check would be: garage requirements, mileage limitations, 
use limitations (how will they let you drive it? Shows only, out to dinner, 
Sunday ride etc), do they require one daily driver per licensed driver in 
the household (3 licensed drivers means 3 other cars plus the TR. Haggerty 
requires this). One other thing to check is if your primary insurance 
company has any requirements. I have an umbrella policy that covers my house 
and cars and they require a specific minimum liability 
coverage............... and they told me that Haggerty is the only classic 
car insurer that goes as high as what I have.
Bob

Bob Danielson
http://tr6.danielsonfamily.org
1975 TR6 with:
Throttle Body Injection
Toyota 5 Speed
Nissan Diff & CVJs

-----Original Message----- 
From: G.D. Huggins
Sent: Tuesday, August 09, 2011 5:14 PM
To: triumphs at autox.team.net ; RedRiverTriumph at yahoogroups.com
Subject: [TR] Seeking Classic Car Insurance Advice

All,

I am doing my homework on having the TR4A insured and have learned something
about "Actual Cash Value" vs. "Stated Value".
I have a quote from USAA based on Actual Cash Value.  They do not do Stated
Value.

I am looking to get a quote or five from firms that will provide a Stated
Value policy AND have little to no driving restrictions.

Who should I look at?  Who should I avoid?

Thanks in advance.



Cheers,

Guy D. Huggins
1965 Triumph TR4A
CTC 63569LO

Online project diary at http://www.genfiniti.com/triumph


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