> Don't take this as a rip, Dave, but from the outside it appears
>as if this policy is so restrictive that the only case you could be
>assured of collecting on is if a giant tree falls and crunches your
>locked garage while your car is in it.
Dan
Well, from the INSIDE, it's pretty damend good... all things considered.
>> 1. The insured must have ten years driving experience.
Age 45.
>> 2. You must have another car as your regular driver and it must be
normally insured.
'94 Intrepid... wouldn't drive my A in the bad weather anyway.
> I'm guessing this means with American Collectors or an affiliate
>of theirs. If so, are you paying more than you did to your previous
>carrier on your driver cars?
My "daily" car is the Intrepid... Here in NJ I'm paying 10 times what my
American Collector insurance costs on my A. I could move to many other
states, but I couldn't make the salary I earn here.
>> 3. You must have a clean driving record.
No tix in years.
>> 4. Your collectable car must be at least 15 years old.
It's 38.
>> 5. You cannot drive the car more than 2,500 miles per year.
> Do they send a rep out to check the odometer every year?
No, but if you make a claim, and you're over your allowed miles, you're sunk.
>> 6. You must use the car only for pleasure driving, i.e. driving to
shows, tooling around the countryside, etc. No driving to work, etc.
> "Honest, Mr. Adjuster - I always carry my briefcase when I'm
>tooling around the countryside!"
"Well, then take us to court, Spiffy." -Mr. Adjuster
>> 7. You must store the car in a locked garage when not in use.
Got a two car garage.
>> 8. You must provide them with a good photo of the car.
Got a camera too.
>> That's about it. My insurance cost me $118 per year. I
>> insured the car for $13,800. (My Dodge is worth maybe $10000 and costs
me $1400 per year.) The company agreed that the MGA is worth that
>> amount. I suppose they have general guidelines and parameters to
follow. If
>> you assume an MGA can be worth anything between $100 and $20,000 (just
to use raw numbers) depending on all the variables, they will charge you
accordingly.
Dan, to tell you the truth, regular insurance is so expensive in NJ that I
was AMAZED to learn that I could get it for $118, even with the above
restrictions.
I live 25 minutes from NYC, and there are prolly more cars within twenty
five miles of me than in all of several individual states. That's why the
rates are outrageous.
I don't want to argue what it costs to live in NJ, but lots of people think
it's a good idea.
As I said earlier, I would have gladly paid twice the amount for my
collectors insurance.
Dave
'62 MGA 1600 MkII
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