[DeTomaso] Insurance for Track Events
Larry Finch
fresnofinches at aol.com
Fri Aug 1 12:43:23 EDT 2014
All,
Many of you - certainly Larry of Cleveland - will remember my famous off-road adventure in 2511, caused by a loose nut behind the wheel.
I had State Farm insurance at the time - 2002. Prior to obtaining coverage, I went to my agent and provided to them full copies of all the Quella invoices from the restoration by the P.O., outlined expected annual mileage of 5,000-10,000, and provided a professional appraisal with a $45K value. Told her if the underwriters didn't like any of the information I honestly provided, then I would go to a specialty insurer. They wrote the policy, and it was an 'agreed' value.
Eleven months later, the claim process went flawlessly. It got a bit difficult when none of their or my local leads produced a local repair facility willing to accept the repair. But in the end, there was never a balk or question during the repairs. Full car repaint. They even accepted an additional $1500 for "unseen" damages. Total outlay by State Farm was about $33K.
No increase in premiums.
No cancellation.
My current annual premium, with $55K coverage, costs me $301.36.
YMMV.
Larry - they treated me just fine
-------------- next part --------------
All,
Many of you - certainly Larry of Cleveland - will remember my famous
off-road adventure in 2511, caused by a loose nut behind the wheel.
I had State Farm insurance at the time - 2002. Prior to obtaining
coverage, I went to my agent and provided to them full copies of all
the Quella invoices from the restoration by the P.O., outlined expected
annual mileage of 5,000-10,000, and provided a professional appraisal
with a $45K value. Told her if the underwriters didn't like any of the
information I honestly provided, then I would go to a specialty
insurer. They wrote the policy, and it was an 'agreed' value.
Eleven months later, the claim process went flawlessly. It got a bit
difficult when none of their or my local leads produced a local repair
facility willing to accept the repair. But in the end, there was never
a balk or question during the repairs. Full car repaint. They even
accepted an additional $1500 for "unseen" damages. Total outlay by
State Farm was about $33K.
No increase in premiums.
No cancellation.
My current annual premium, with $55K coverage, costs me $301.36.
YMMV.
Larry - they treated me just fine
More information about the DeTomaso
mailing list