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Re: MG INSURANCE

To: Kevin & Deana Brown <MGTRAutoXr@sprintmail.com>
Subject: Re: MG INSURANCE
From: Bud Krueger <bkrueger@ici.net>
Date: Sat, 01 Jan 2000 20:58:02 -0500
You might want to examine the issue of whether you could collect on your
comprehensive coverage (or Homeowner's coverage) if the car is not registered. 
As I
understand it, you would not be able to here in Massachusetts, but YMMV.

Bud Krueger
52TD
77MGB

Kevin & Deana Brown wrote:

> Sorry to here about your car, I carry comprehensive insurance on my '71 B, 
>that
> has been in the garage for several years now while undergoing a rebuild after
> being hit and wrecked.  Comprehensive protects against not only fire, but 
>theft,
> collapse of your garage etc.  Through State Farm, compressive costs me about 
>$10
> every 6 months for the B (my last bill was $10.08).  In the past I have 
>carried
> full coverage on the car during the driving season and switched it to
> comprehensive when the car was parked in the winter.  If the car in question 
>is
> old enough and is close to being driven, you might consider an antique policy.
> For my '54 MG TF 1500, which I told them was worth $12,000, full coverage 
>under
> an antique policy with State Farm  is only about $40 every 6 months.
>
> Kevin Brown    '54 MG TF 1500 RHD, '64 MGB, '71 MGB, '74 TR6, '76 TR6, '39 
>Chevy
>
> Odessa, MO
>
> "Gail B. Snider" wrote:
>
> > First I would like to wish all a wonderfull new year!!!
> > I've been lurking on the list for about 14 months now,  have made a few
> > comments but generally leave that to the experts.   Now have a situation
> > that I feel is prudent to most if not all list members.  I bought a B 14
> > months ago in VA.  dollied the car home and put in the garage for total
> > restoration.  Had everything complete except putting in the dash and "firing
> > it up" for the first time.  To keep this short will not go into any details,
> > had a fire in the garage that did significant damage to the car, had not put
> > any auto insurance on the car.  Nationwide has our homeowners insurance and
> > they say that they will NOT cover the B under the homeowners policy.  They
> > have informed me that I had to have an auto policy to be covered.  Have
> > talked to a number of people that assumed that a homeowners policy would
> > cover any contents for a fire.  So I feel that a number of list members may
> > be under the same assumtion.  theres that word again, assume,  (makes an ass
> > out of u and me).  made an ass out of me.  Hopefully with this posting it
> > may help some other list member in the future.  Would recomed anyone with an
> > auto in "DRY STORAGE" or in the process of restoration check with there
> > insurance company.
> >
> > Brian 71 B  who really got to "fure it up" for thr fist time


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