[DeTomaso] Insurance for Track Events
Boyd Casey
boyd411 at gmail.com
Fri Aug 1 13:06:43 EDT 2014
Years ago when I had my NSX (it was insured as a daily driver , not a
"collector" car or "vintage" ) I was covered by Allstate. I was hit by a
Young navy kid . He ran yield sign and fortunately there were witnesses. At
the time ( the NSX was a 92 with 5000 miles on it and the accident took
place in late 1993. The NSX only came out in 1991 and they were selling for
a substantial premium over list (when new). There were only two or three
repair facilities that were authorized by Acura to do repairs on the NSX (
all aluminum body and chassis ) no bondo , etc. Luckily one of these was in
Richmond, VA. and I was in Va. Beach. Allstate paid a small fortune for
the repairs and then I sued for diminished value. Before the diminished
value suite was completed I totaled the car.. Allstate was not happy. The
person that hit me was also insured by Allstate They argued that if they
paid me off for the "totaled car" I couldn't have suffered any loss do to
diminished value. I countered their position by saying that I had a buyer
for my car (before the first accident) that had agreed to pay substantially
more then their settlement amount. I did have a buyer and he was kind
enough to appear and testify as to the facts of our planned transaction and
I collected an additional $10,000 from Allstate. The thing that seemed to
annoy hem the most was the fact that both I and the driver who hit me (in
the first accident) were both insured by Allstate!
I now have all my cars insured by USAA except my collector car (Pantera)
which is with Grundy. Their coverage is better, the premium is 1/2 the
price of American Modern home and when I wanted to increase the agreed upon
value all I had to do is tell them what the new value was and they gave me
the new premium. One of the other POCA members from the Long Island branch
had his car totaled by flood damage due to hurricane Sandy and he was paid
off in a very timely manner and with no problems. He was offered the
opportunity to repurchase his totaled car at a very fair price ( which he
took advantage off) and has since had his car completely rebuilt. He is the
person who recommended Grundy World Wide! I have not had an claims (and
hope I don't ever , but I feel confident and safe with their coverage.
Boyd
On Fri, Aug 1, 2014 at 10:53 AM, Jeff Detrich <jjdetrich at gmail.com> wrote:
> On Fri, Aug 1, 2014 at 8:52 AM, Richard Greenblum
> <[1]pantera at austin.rr.com> wrote:
>
> Chuck,
> A A My sister was married to a State Farm agent, so our entire family,
> my
> A A parents, my brother, and I all had everything covered with State
> Farm.
> A A That was five houses, 10 cars, two boats, lives, umbrellas,
> jewelry,
> A A etc. A In the 1990s and seven years after I joined the "family
> plan" and
> A A after having NEVER made a single claim, I received a letter from
> State
> A A Farm saying they would no longer insure my Pantera. A I reminded
> them
> A A that my brother-in-law was my agent, and I had three cars, two
> houses,
> A A and a boat, and other stuff insured with them. A I said I'd have
> to move
> A A all of my business and would encourage my family to do the same if
> they
> A A dropped the Pantera. A They said, "Have a nice day."
> A A I was (still am) an Air Force reservist, so a friend at my unit
> A A suggested USAA. A I've seen paid one-third of what State Farm was
> A A charging me across the board. A USAA's underwriter for "hobby"
> cars is
> A A American Collectors. A I've never broached the racing thing with
> them,
> A A but I have 2,500 mile limit. A The year I drove to the POCA Rally
> in
> A A Vegas, I called about paying for more milage--the trip was going
> to be
> A A more than 2,500 miles by itself. A They said no problem because it
> was a
> A A Pantera event, and no charge. A On the way back, a rock from a
> truck
> A A broke my windshield, so I made a claim figuring I was going to get
> A A slammed. A No change in rate the next year. A State Farm did me a
> huge
> A A favor.
> A A Richard
> A A Austin, TX
>
> Same thing happened to me. State Farm sucks, USAA has great service,
> but I do not insure the Pantera through their American Collectors
> connection. There are better deals for the Pantera.
> Jeff
> 6559
>
> References
>
> 1. mailto:pantera at austin.rr.com
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> DeTomaso mailing list
> DeTomaso at poca.com
> http://poca.com/mailman/listinfo/detomaso_poca.com
>
>
-------------- next part --------------
Years ago when I had my NSX (it was insured as a daily driver , not a
"collector" car or "vintage" ) I was covered by Allstate. I was hit by
a Young navy kid . He ran yield sign and fortunately there were
witnesses. At the time A ( the NSX was a 92 with 5000 miles on it and
the accident took place in late 1993. The NSX only came out in 1991 and
they were selling for a substantial premium over list (when new). There
were only two or three repair facilities that were authorized by Acura
to do repairs on the NSX A ( all aluminum body and chassis ) no bondo ,
etc. Luckily one of these was in Richmond, VA. and I was in Va. Beach.
A Allstate paid a small fortune for the repairs and then I sued for
diminished value. Before the diminished value suite was completed I
totaled the car.. Allstate was not happy. The person that hit me was
also insured by Allstate They argued that if they paid me off for the
A "totaled car" I couldn't have suffered any loss do to diminished
value. A I countered their position by saying that I had a buyer for my
car (before the first accident) that had agreed to pay substantially
more then their settlement amount. I did have a buyer and he was kind
enough to appear and testify as to the facts of our planned transaction
and I collected an additional $10,000 from Allstate. A The thing that
seemed to annoy hem the most was the fact that both I and the driver
who hit me (in the first accident) A were both insured by Allstate!
I now have all my cars insured by USAA except my collector car
(Pantera) which is with Grundy. Their coverage is better, the premium
is 1/2 the price of American Modern home and when I wanted to increase
the agreed upon value all I had to do is tell them what the new value
was and they gave me the new premium. One of the other POCA members
from the Long Island A branch had his car totaled by flood damage due
to hurricane Sandy and he was paid off in a very timely manner and
A with no problems. He wasA offered the opportunity to repurchase his
totaled car at a very fair price ( which he took advantage off)A and
has since had his car completely rebuilt. He is the person who
recommended Grundy World Wide! I have not had an claims (and hope I
don't ever , but I feel confident and safe with their coverage.
Boyd
On Fri, Aug 1, 2014 at 10:53 AM, Jeff Detrich <[1]jjdetrich at gmail.com>
wrote:
A A On Fri, Aug 1, 2014 at 8:52 AM, Richard Greenblum
A A <[1][2]pantera at austin.rr.com> wrote:
A A Chuck,
A A A A A My sister was married to a State Farm agent, so our
entire family,
A A my
A A A A A parents, my brother, and I all had everything covered
with State
A A Farm.
A A A A A A That was five houses, 10 cars, two boats, lives,
umbrellas,
A A jewelry,
A A A A A etc. A In the 1990s and seven years after I joined the
"family
A A plan" and
A A A A A after having NEVER made a single claim, I received a
letter from
A A State
A A A A A Farm saying they would no longer insure my Pantera. A I
reminded
A A them
A A A A A that my brother-in-law was my agent, and I had three
cars, two
A A houses,
A A A A A and a boat, and other stuff insured with them. A I said
I'd have
A A to move
A A A A A all of my business and would encourage my family to do
the same if
A A they
A A A A A dropped the Pantera. A They said, "Have a nice day."
A A A A A I was (still am) an Air Force reservist, so a friend at
my unit
A A A A A suggested USAA. A I've seen paid one-third of what State
Farm was
A A A A A charging me across the board. A USAA's underwriter for
"hobby"
A A cars is
A A A A A American Collectors. A I've never broached the racing
thing with
A A them,
A A A A A but I have 2,500 mile limit. A The year I drove to the
POCA Rally
A A in
A A A A A Vegas, I called about paying for more milage--the trip
was going
A A to be
A A A A A more than 2,500 miles by itself. A They said no problem
because it
A A was a
A A A A A Pantera event, and no charge. A On the way back, a rock
from a
A A truck
A A A A A broke my windshield, so I made a claim figuring I was
going to get
A A A A A slammed. A No change in rate the next year. A State Farm
did me a
A A huge
A A A A A favor.
A A A A A Richard
A A A A A Austin, TX
A A Same thing happened to me. State Farm sucks, USAA has great
service,
A A but I do not insure the Pantera through their American
Collectors
A A connection. There are better deals for the Pantera.
A A Jeff
A A 6559
References
A A 1. mailto:[3]pantera at austin.rr.com
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References
1. mailto:jjdetrich at gmail.com
2. mailto:pantera at austin.rr.com
3. mailto:pantera at austin.rr.com
4. mailto:DeTomaso at poca.com
5. http://poca.com/mailman/listinfo/detomaso_poca.com
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