[DeTomaso] Documentation of Panteras increased value
MikeLDrew at aol.com
MikeLDrew at aol.com
Tue Mar 25 22:14:46 EDT 2014
In a message dated 3/25/14 19 05 39, julian_kift at hotmail.com writes:
>
> That is usually to establish that you have two daily drivers and that your
> classic is used as such and not your daily driver. Most all the classic
> insurers have over riders against classic use for daily driving, to and from
> work etc. to ensure the risk is in line with the lower premium classics
> afford through limited mileage.
>
>>>Heacock doesn't insist that you insure your regular cars with them (in
fact they have no provisions for insuring regular cars), but I did have to
provide a copy of my regular car insurance policy to establish that I did, in
fact, have cars other than the ones I was insuring with them. They then
required me to raise my liability coverage limits on my regular cars to match
the one I was seeking from them. Apparently deep pockets laws mean that if
you had low liability limits on your Brand X car, and got into a wreck,
unscrupulous lawyers could go after a settlement from your collector policy
even though that wasn't the car you were driving at the time!
Mike
-------------- next part --------------
In a message dated 3/25/14 19 05 39, julian_kift at hotmail.com writes:
That is usually to establish that you have two daily drivers and
that your classic is used as such and not your daily driver. Most
all the classic insurers have over riders against classic use for
daily driving, to and from work etc. to ensure the risk is in line
with the lower premium classics afford through limited mileage.
>>>Heacock doesn't insist that you insure your regular cars with them
(in fact they have no provisions for insuring regular cars), but I did
have to provide a copy of my regular car insurance policy to establish
that I did, in fact, have cars other than the ones I was insuring with
them. They then required me to raise my liability coverage limits on
my regular cars to match the one I was seeking from them. Apparently
deep pockets laws mean that if you had low liability limits on your
Brand X car, and got into a wreck, unscrupulous lawyers could go after
a settlement from your collector policy even though that wasn't the car
you were driving at the time!
Mike
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