I just spoke with a representative from Grundy and he stated that the
company would cover the car for pleasure driving; however if the car was
parked at the mall, for example, it would not be covered. Basically, no
coverage for running errands, working etc.
They limit the liability coverage on my 69 B to $300,000, said only pre
WW11 cars are allowed to have anything higher. Total coverage price for
comp and collision = $179/year.
You also have to sign a youth non-use document (as if I would even think
of letting my 16 yr old drive it...)
Currently with Farmers Ins. I pay more than that for liability only...
Sounds like a good thing to me... anyone have any concerns or thoughts
about things that I might be overlooking?
Mike Razor wrote:
> No, but my understanding when I purchased the policy was that there
> were no restrictions on mileage, destination etc...They did require a
> locked and secure storage area, which I considered reasonable. I asked
> them pretty pointed questions about their coverage, I was concerned
> mileage and usage as well. When My car caught fire they did not even
> ask where I was going, they told me to have it towed to a repair shop
> of my choice, they sent an
> adjuster, who was knowledgeable about MGTs and we went from there with
> very few problems.
> The only sticking point was over the carbs, I felt they should have
> been replaced and they felt they could be redone. They were right, I
> have had no problems with the rebuilt carbs. As I said USAA insured
> the MGs for a long time
> but, they would not have been as understanding about repair and
> replacement of the car and they were up front about that. USAA said
> they would place a value on the car at time of repair or replacement
> and if the cost of repair exceeded that value they would total the
> car. Grundy does the same thing, but we have an agreed value that is
> enough to cover the car.
> Mike R