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Posted By: OldReadingGus62 insurance question reg or classic car - May 10th 2018 3:56 pm
[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 !!!
Posted By: tuner4life Re: insurance question reg or classic car - May 10th 2018 6:28 pm
Also interested in this.. Just finishing up my restoration and really don't feel like getting a $2500 payout if something happens.
Posted By: 1959 Re: insurance question reg or classic car - May 10th 2018 7:53 pm
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.

Posted By: OldReadingGus62 Re: insurance question reg or classic car - May 12th 2018 7:46 pm
yea thats classic coverage but costs twice the amount i have a total restoration van now / except interior any body else !
Posted By: Uncle_Fester Re: insurance question reg or classic car - May 13th 2018 7:30 am
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.
Posted By: OldReadingGus62 Re: insurance question reg or classic car - May 13th 2018 5:21 pm
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
Posted By: Uncle_Fester Re: insurance question reg or classic car - May 13th 2018 7:11 pm
Look in Hemings Motor News for specialty companies, when I had Wolf-Den, that’s where I found her insurer, sorry, forget their name.
Posted By: OldReadingGus62 Re: insurance question reg or classic car - May 16th 2018 8:12 am
Originally Posted by Uncle_Fester
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
Posted By: OVANNER Re: insurance question reg or classic car - May 16th 2018 2:09 pm
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.
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