[Tigers] Fwd: Driven Tger nsurance

Mon Aug 24 15:26:29 MDT 2015

I had to get an appraiser's stated value in writing that cost me $275, that
valued the car at 52.5, the writer for Commerce said they would only insure
the car for 48 with a 500 deductible. If you want the freedom to use the
car it's gonna cost ya.
  Jeff

On Sun, Aug 23, 2015 at 6:50 PM, Stu via Tigers <tigers at autox.team.net>
wrote:

> I just went through this, and Hagerty seemed a little more liberal than
> Grundy.  Their use restrictions mostly fit my use model.  Occasional
> pleasure drives, car shows, cruise nights, maybe to a family party to show
> off, rarely to work (once in the last year and a half), all the family at
> home have their own cars, no family under 25 who know how to drive a stick,
> evening or weekend drives to try to track down that pesky problem, and so
> on.  From what their stuff says, these would be mostly OK.
>
> Stu
>
> On Sun, Aug 23, 2015 at 6:22 PM, Jay Laifman via Tigers <
> tigers at autox.team.net> wrote:
>
>> I have had the same issue - this is also for my early 911 and 912.  There
>> are a number of issues with all the classic car policies.  As you've noted,
>> it can't be your daily driver.  Not only that, you have to have a car that
>> is at least 15 years old for all drivers in the house.  My 2000 Boxster,
>> which is still like new isn't good enough. One company said I might be able
>> to get a waiver of this one.  Some said there is no waiver.
>>
>> Another issue is that no one under 25 can drive the car.   So if my son
>> and I drive to a car show, he can't drive at all.  I kind of get it.  But,
>> life's too short not to enjoy these cars with my kids here and now.
>>
>> Another issue is that you can use it to go to work once and a while.  But
>> that is on a rare occasion when you are doing something else.  So if you
>> want to drive it every Friday or a week here and there, you won't be
>> covered.  That means NO coverage.  Some of them were really strict on this
>> - like if you get in an accident on a Wednesday morning at 7:00 am on your
>> route to work, don't expect getting coverage for the accident without a
>> huge fight.
>>
>> One of the places, and I think it was Grundy's, I asked if I could stop
>> at a hardware store on the weekends.  She gasped and recounted how she saw
>> a Ferrari parked at the far end of a Home Depot over the weekend and
>> thought to herself that she sure hopes she doesn't insure that car!  Geeze,
>> really?  Us car guys can't stop at a hardware store and park at the far
>> end?  That's a show stopper for me. Note some others said it was ok if it
>> was part of a joy ride and not a weekend errand drive.
>>
>> Believe me, I called EVERY ONE of the companies and asked them all the
>> same questions.  They all basically gave the same answers.  Yes, you can
>> get their insurance and figure they will never know.  And they may give
>> half answers about how they cover various things.  But, if you really put
>> them to specific questions, they don't give good answers.
>>
>> I get it.  They have to evaluate their risk and what they want to
>> insure.  They want to insure parade cars and joy ride cars, and will take
>> the risk for a restaurant with your wife here and there.  That's not me,
>> and never will be.
>>
>> I guess you can look at it another way too.  I have not paid more than
>> $10k for any of my cars.  So in one way, if something bad happened, I would
>> be out only $10k plus the expenses over the years.  I know, two of these
>> cars are probably (definitely?) worth over $100k in investment terms.  So I
>> could lose much more in paper.  I don't like looking at it this way, but it
>> is a way to rationalize it.
>>
>> Right now, I do a lot of self insurance by being especially careful where
>> I park the cars, how long I am away from them, how well they are locked up,
>> etc.  It's not perfect.  But, I'd rather be underinsured than have NO
>> insurance because I have a classic policy and I'm using it to actually
>> drive.
>>
>> Jay
>>
>>
>>
>>
>>
>> On Sun, Aug 23, 2015 at 2:59 PM, genepadgett--- via Tigers <
>> tigers at autox.team.net> wrote:
>>
>>>
>>>
>>> I did not see this post to my own e-mail and am thinking that somehow it
>>> did not go through.  I am re-sending it in hopes that it will go through
>>> this time.   Confirmation of receipt from anyone on the List would be
>>> appreciated.
>>>
>>> TIA,   Gene
>>>
>>> ------------------------------
>>> *From: *genepadgett at comcast.net
>>> *To: *"tigers" <tigers at autox.team.net>
>>> *Sent: *Friday, August 21, 2015 12:28:53 PM
>>> *Subject: *Driven Tger nsurance
>>>
>>> Hi All,
>>>
>>> With the recent jump in auction prices for our cars, I am wondering what
>>> people like me who just enjoy driving their cars are doing for insurance.
>>> I just got turned down by Grundy because the "vehicle cannot be used as
>>> backup, primary or secondary transportation".   This dispite the fact both
>>> my wife and I have other cars which serve as our regular daily driver
>>> vehicles.
>>>
>>> To me, being able to take the Tiger out when and where I want to go is
>>> the essence of having and enjoying the car in the first place.   It is the
>>> journey not the destination that matters to me.    I bought the car new in
>>> 1967 and have never thought of it as a collectible or investment.   Still
>>> with the recent escalation in apparent values, I do not want to be stupid
>>> about insurance.
>>>
>>> Anyone else on the List that might be of a similar mind as me and own
>>> their Tiger for the enjoyment of driving it can bring?   If so what do you
>>> do for insurance?
>>>
>>> TIA,
>>>
>>> Gene
>>>
>>>
>>>
>>>
>>> _______________________________________________
>>>
>>> tigers at autox.team.net
>>>
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>>>
>>>
>>>
>>
>> _______________________________________________
>>
>> tigers at autox.team.net
>>
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>>
>>
>>
>
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>
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