[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


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