[Tigers] Fwd: Driven Tger nsurance

Tue Aug 25 10:27:39 MDT 2015

While this discussion regards collision I think the greater concern would be liability. I mean, yea, eating $50K on a damaged Tiger is a loss, but being liable for hundreds of thousands of dollars (or more) is a far greater risk.  That said I think liability would be full time – regardless, because anytime of the day someone could steal your car and create havoc. So, I can’t see how “use” would not cover liability under any circumstance.  Through my collector insurance (20+ years) I was told that 2,500 max miles, not a daily driver and in their words “an occasional Sunday drive” (not limited to Sunday) is OK. The persons parting words were, “Just don’t drive it to work.”

  I have three lesser “collector” cars. They are valued at $3,000 each. I don’t think I put more than 250 miles on anyone of them in a year. Neither my wife, kids, nor anyone else have ever driven them. In my opinion driving them to the store for parts, to eliminate flats spots in tires, cook off condensation etc. are all part of what is necessary for “maintaining” the car.  Frankly I find what is termed “use” is rather ambiguously stated. Stated in a way to control your driving, but wonder how it holds up in court.  Sort of like the parent that threatens to beat the daylights out of you regarding your behavior – but legally can’t do so. Again, I’m more looking at the liability side of insurance. I doubt I’d ever put a claim in on a $3,000 car. 

From: CoolVT--- via Tigers 
Sent: Monday, August 24, 2015 2:36 PM
To: jefferyrandall at gmail.com ; sabre2tgr at gmail.com 
Cc: tigers at autox.team.net 
Subject: Re: [Tigers] Fwd: Driven Tger nsurance

I think it makes a big difference on where you are located. I pay State Farm $202 for a stated value, classic car policy.  This is in Vermont where the rates are more reasonable than a highly populated area.  For example I've been quoted prices from State Farm on another vehicle in both Vermont and Florida. The Florida quote was almost double the VT quote.

In a message dated 8/24/2015 5:26:41 P.M. Eastern Daylight Time, tigers at autox.team.net writes:
  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

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        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

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