[DeTomaso] more on insurance - storage only?
Cullen McCann
cmccann1972 at gmail.com
Thu Apr 19 16:41:40 EDT 2012
Thanks Gary. That’s about what I expect. Price seems fair and straight forward. I didn’t specify in my intro but my home insurance policy covers the tools, the shop, etc...but they stated they do not cover "parts of cars"... does seem grey. I mean, car parts could easily be property value IMO...but they don’t see it that way.
I haven’t checked with Hagerty yet or Grundy...etc.. I wanted to ping the list first and see what you all were doing. But I will ask them soon.
Cullen
-----Original Message-----
From: gow2 at rc-tech.net [mailto:gow2 at rc-tech.net]
Sent: Thursday, April 19, 2012 3:32 PM
To: Cullen McCann
Cc: detomaso at realbig.com
Subject: Re: [DeTomaso] more on insurance - storage only?
I have had this discussion with my agent. #1280 is not being driven and is in storage. It is exempt form the standard house/garage insurance and has to be insured specifically as a non driven car. The rate is $15/6m or $30 a year so it is not a big deal.
However, #1905 is currently not covered as a car as it is disassembled and does not qualify. It is in a grey area not covered.
I am sure insurance companies are different and the devil is in the details but I think to get it sorted out would require a sit down with your insurance agent. Any specifics should be in writing.
G
> Friends,
>
>
>
> I know collector car insurance has been discussed at length in the
> past. I have reviewed the archives and got a feel for the nature of
> those discussions, but what about cars that are in restoration or
> storage? My collector drivers are covered with the same stated value/
> mileage per past discussions, but I have a few old rides that are in
> various stages of completion that are not roadworthy or are in restoration in my own care.
> Have those insurance companies provided applicable coverage for this
> type of condition? Where the premiums reflect the risk? (just really
> covering theft, fire, natural disaster?) but no collision..
>
>
>
> Thanks for your thoughts!!
>
>
>
> Cullen in OKC
>
>
>
>
>
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