insurance question reg or classic car | Joined: Nov 2012 Posts: 838 old hand | OP old hand Joined: Nov 2012 Posts: 838 | [b][/b]anyone get classic car insurance reg full is going to cost me 431.00 per year classic 1100.00 yr 25,000 coverage is it really worth it ... since reg insurance will only pay book if totaled , but classic will pay cash value what i have into it so far ... any thoughts !!!
Greeting From Reading,PA....Found My First 70'S STREET VAN....Always Wanted One Since i Was a Teen But Could'nt Afford, Hope i Can Now LOL... It Was a Great Era To Grow Up In The Music,Cars,Parties
| | | Re: insurance question reg or classic car | Joined: Sep 2013 Posts: 1,015 Likes: 19 old hand | old hand Joined: Sep 2013 Posts: 1,015 Likes: 19 | Also interested in this.. Just finishing up my restoration and really don't feel like getting a $2500 payout if something happens. | | | Re: insurance question reg or classic car | Joined: Oct 2013 Posts: 282 Likes: 18 enthusiast | enthusiast Joined: Oct 2013 Posts: 282 Likes: 18 | This may not work in your state but...
If it is 25 years old or older, license it as an antique, get an appraisal and insure it for a high but logical amount. Take lots of pictures often. Drive it wherever and if it gets wrecked, you were probably on your way to the repair shop or to an auto evant.
Make sure you understand the difference between "Agreed Value Coverage" and "Stated Value Coverage" because they are very different. One will pay you the $2,500 and the other will pay you $25,000.
Good luck.
| | | Re: insurance question reg or classic car | Joined: Nov 2012 Posts: 838 old hand | OP old hand Joined: Nov 2012 Posts: 838 | yea thats classic coverage but costs twice the amount i have a total restoration van now / except interior any body else !
Greeting From Reading,PA....Found My First 70'S STREET VAN....Always Wanted One Since i Was a Teen But Could'nt Afford, Hope i Can Now LOL... It Was a Great Era To Grow Up In The Music,Cars,Parties
| | | Re: insurance question reg or classic car | Joined: May 2007 Posts: 9,854 Likes: 8 Festerus Vannimus | Festerus Vannimus Joined: May 2007 Posts: 9,854 Likes: 8 | My van is a basic 1994 cargo van, nothing fancy as of yet, so I just carry State Farm liability insurance at a 100/300/100 coverage amount, plus uninsured under insured at the same amounts, costs me $40/mo for the van. Me being a retired EMT, and my wife doing medical billing, we have seen the results of not enough coverage, and we feel that our states 25/50/25 requirement is way too low. Cover Your A** ! As for the Stated Value Insurance, you should be able to get a better price than that, check with a few “regular†insurance companies as well as some companies that only do Speciallity Insurance.
My van : 1989 Ford E-150 Econoline, currently named “WOLF-DEN IIâ€
Founder & President of Sooner or Later United Truckers and PROUD TO BE A S.L.U.T. ! !
| | | Re: insurance question reg or classic car | Joined: Nov 2012 Posts: 838 old hand | OP old hand Joined: Nov 2012 Posts: 838 | oh yea reg policy is 100/300 full across the board , but im interested in stated value, in pa only 1 major insur. does stated value , have to check on specialty company's thanks
Greeting From Reading,PA....Found My First 70'S STREET VAN....Always Wanted One Since i Was a Teen But Could'nt Afford, Hope i Can Now LOL... It Was a Great Era To Grow Up In The Music,Cars,Parties
| | | Re: insurance question reg or classic car | Joined: May 2007 Posts: 9,854 Likes: 8 Festerus Vannimus | Festerus Vannimus Joined: May 2007 Posts: 9,854 Likes: 8 | Look in Hemings Motor News for specialty companies, when I had Wolf-Den, that’s where I found her insurer, sorry, forget their name.
My van : 1989 Ford E-150 Econoline, currently named “WOLF-DEN IIâ€
Founder & President of Sooner or Later United Truckers and PROUD TO BE A S.L.U.T. ! !
| | | Re: insurance question reg or classic car | Joined: Nov 2012 Posts: 838 old hand | OP old hand Joined: Nov 2012 Posts: 838 | Look in Hemings Motor News for specialty companies, when I had Wolf-Den, that’s where I found her insurer, sorry, forget their name. thanks
Greeting From Reading,PA....Found My First 70'S STREET VAN....Always Wanted One Since i Was a Teen But Could'nt Afford, Hope i Can Now LOL... It Was a Great Era To Grow Up In The Music,Cars,Parties
| | | Re: insurance question reg or classic car | Joined: Dec 2001 Posts: 3,456 Likes: 24 pooh-bah | pooh-bah Joined: Dec 2001 Posts: 3,456 Likes: 24 | I use Hagerty but they are tough on allowing vans. Mine is not a daily driver which they frown upon and It needs to be custom to them.
1973 Dodge Shorty B-100 1995 Chevy G20 Gladiator
Life should not be a journey to the grave with the intention of arriving safely in a well preserve body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and proclaiming
"Wow What a Ride"
Johnny O "O Vanners" of Connecticut! Since 1982
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