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Just don't forget the key element: the burden of
proof is on the insured at claim time, not premium paying time. You can call
them and place about any value you want on it and pay the corresponding premium,
but after the fire they don't write a check for your amount unless you prove: A.
you owned the property, and B. it was worth $XXXX. If an agent states you will
collect the amount insured for, no matter what; get it in writing as you will be
collecting from the agents E&O policy, not the vehicle carrier.
I just retired after 40 years as an insurance
broker, and have insured several auto dealer collections and individual
vehicles. I also have a '58 'vette I have insured for 10 years, plus my 59
Lebaron, to be named later.
Most of the carriers are good, each just has their
own quirks, but all operate from the same claim standard.
Bob Hatten
----- Original Message -----
Sent: Tuesday, October 02, 2007 11:46
AM
Subject: Re: IML: Declared Value
insurance -
I've got Infinity (used to be Great American) for
my 60 Imperial (value $25000), 80 NYer (value $4500) and 85 Shelby Charger
($3500). I pay an annual premium of $268. I chose the annual
mileage limit of 3000 miles for each car. There is no restriction on the
use of the vehicle. They included flatbed towing and roadside
assistance. I've been very pleased with them so far but I've never filed
a claim.
Tom
60 Crown
----- Original Message -----
Sent: Tuesday, October 02, 2007 12:28
PM
Subject: Re: IML: Declared Value
insurance -
I also have Hagerty on my 77 Dodge 440 van, insured for 8k,
however there are restrictions on use. About 1500 miles per year, mostly
garage kept, no business use, no daily commute to work, for about $300 per
year. Do others have the same restrictions? And how do some use their
Imperials as "Daily Drivers"? Just wondering, Dave.
--------------
Original message --------------
From: "DR CHALLENGER"
<drchallenger@xxxxxxxxxxx>
> JC Taylor refused to insure
both my 73 dart AND 66 newport, said neither
> meet they
requirement of being worth 6k, but Hagerty insures them both.
>
Most of the classic carriers dont require an appraisal under 30k of value.
>
>
> >From: randalpark@xxxxxxx
> >>
> >Actually J.C. Taylor does exactly that. Maybe because I have
been doing
> >business with them for 30 years without a single
claim, and have over 15
> >cars on my policy, but they haven't
questioned anything. I suspect that
> >they might want more
documentation if a customer was asking for coverage on
> >a
higher priced car. I valued my '60 Custom Sedan at $25,000 and that is
> >the highest of all that I ha! ve on the policy. Every couple
of years they
> >ask me to review the numbers and make sure that
they are still in line with
> >my expectations, but they also
get paid more for every dollar of value
> >placed on the car. I
have enjoyed a flawlessly executed business
> >relationship with
them, and would recommend them to anyone.
> >
> >Paul
W.
> >
> >
> >-----Original Message-----
> >From: DR CHALLENGER
>
>To: mailing-list@xxxxxxxxxxxxxxxx
> >Sent: Mon, 1 Oct 2007
6:53 pm
> >Subject: Re: IML: Declared Value insurance -
>
>
> >
> >no insurance company will insure for
WHATEVER valve you choose, they have a
> >figure and if want
higher you will need an apprasail showing your value.Â
> >Â
> >>From: YBSHORE@xxxxxxxÂ
> >>>Â
>
>>Fellow Imperialist! 's:Â
> >>Â
>
>>Kenyon, as usual, is right. There are several insurance companies
thatÂ
> >>cater to our vintage needs. JC Taylor will insure
YOUR car for
> >WHATEVERÂ
> >>value you choose [and
based on existing condition of vehicle with
> >>pictures]
andÂ
> >>you will pay as such.....that said, these companies
understand how we
> >careÂ
> >>for our cars ( low
mileage, limited driving , baby care ) and it is
> >taken
>intoÂ
> >>heavy consideration....and if recollection
serves, although I wish I
> >couldÂ
> >>carry more,
my cars are all in the same 3+/2- condition and my '68 300
>
>for >25KÂ
> >>with all the inherent collision, and
personal injury to 250K, etc.,
> >-evenÂ
>
>>windows- costs me about $170 here in Massachusetts and my '56
Imperial
> >>with 25KÂ
&! gt; & gt;>worth of
coverage costs just about that as well, the '55 New Yorker is
>
>20KÂ
> >>and $130 or so, these rates existing on
vanity/antique platesÂ
> >>ONLY......according to my
insurance agent, I can raise 'my stake'
> >anytime, >paying
for theÂ
> >>privilege of course, but satisfied.......Â
> >>Â
> >Â
> >Â
>
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