Insurance - Who's gonna cover my ride AND let me drive it!

[mrinnovation1]

[theastronaut]

I use normal full coverage insurance, but made sure the policy has an appraisal clause. If it's ever in an accident and they're not valuing it correctly, you can invoke the appraisal clause and hire a third party appraiser. The insurance company also hires and appraiser, and the two work to accurately value it The insurance company has to go by the value they set.


I had to do this when my older but starting to become collectible daily had a tree limb fall on it which totaled it, and the appraiser ended up valuing it at 6.5x what the insurance company initially said it was worth. It was at the age where KBB value had hit rock bottom but clean examples had started bringing good money because they'd become hard to find, but the insurance company and KBB and CCC never account for that. Make sure you keep good records of any work you do to it, that'll help the appraisal value.


You can hire a company like Collision Safety Consultants to handle the appraisal , they have tons of success stories posted on their fb an instagram accounts.
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Strive for perfection in everything. Take the best that exist and make it better. If it doesn't exist, create it. Accept nothing nearly right or good enough."
-Sir Henry Royce, co-founder of Rolls-Royce

'64 Beetle Sunroof OG Bahama Blue
'63 Beetle Vert
'66 Beetle
'66 Chevy C10
Too many '88-93 Festivas to count

[mrinnovation1]

I suppose I could give Ned Ryerson a call. Anyone have his number?

[Bobs67vwagen]

X2 on hagerty, my experience has been similar to the post above.

[baldessariclan]

[mrinnovation1]

I had Hagerty some years back but did not go to them this time as I remembered a requirement that every licensed driver in the household had to have his own daily driver before a classic vehicle could be insured with them. Did I get that right and is it still a requirement? We have 3 licensed drivers but only 2 daily drivers. I had heard that Hagerty would forgo that requirement but then the premiums were much higher.

[oprn]

Haggerty turned me down because I had 2 traffic tickets in the previous 3 years. one was for speed and the other for improper use of lanes. Petty things.
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Our cars get old, we get old but driving an old VW never gets old!

[Bobs67vwagen]

It's called being self insured and for some it can be the best and least expensive option. On my daily driver cars I carry liability and property damage only,( required by law) , no collision or comprehensive. On my home I carry a policy with no wind damage coverage and a high deductible. So in both these types of policies you are assuming a larger part of the risk for a lesser premium and are partially self insured.

[ppilotmike]

I am pretty pissed off at the insurance industry in general. After having a very bad experience with USAA last year. I had been with them for over 40 years I canceled my policy with them. I no longer op for any replacement coverage even on my house. If I have a loss its on me and I am fine with that. I have managed to get coverage for liability for my cars and property for $ 469 a year. It was a little scary at first but now I don't even think about it. I am lucky in that I have no wife or children to worry about. By the way after all was said and done with USAA I got $5k on a $15k loss.

[Cusser]

[Abscate]

[mrinnovation1]

I checked all posts that have to do with insurance and this post is the only one that would remotely apply to what I'm mentioning. I just read that some insurance companies are no longer covering Cybertrucks for several reasons although being ugly is not one of them. In 1975 I was involved in an accident with my 1972 Corvette. The other party was at fault and paid for the damages to my car. Nevertheless my insurer at the time(Aetna) dropped me saying they would no longer cover Corvettes. I talked to a lawyer who said that an insurance company can drop you any time for any reason. This is just to inform others here as to what can happen to anyone with any vehicle. BTW, does Aetna insure any vehicles now?

[Cusser]

After canceling Geico in 2003, they kept billing me for $55, said it was because I quit them without having other insurance, so they covered for a while; I kept sending them proofs of insurance, then got a letter on a Saturday demanding payment by Monday or they'd send to collection agency. After 45 minutes on phone found out it was because I had added my daughter as a driver; I aplogized for not paying any such bill to add her, but they said they never sent one, but were going to roll it into a renewal. I said "excuse me, Joseph, but I'm going to use the word "f*ck" in the next sentence" then screamed "HOW THE F*CK WAS I SUPPOSED TO KNOW THAT" and he told me there was NO WAY that I could have. I told him if Geico sent that bill to a collection agency (maybe getting $10 for that debt) that they could be assured that I would NEVER consider Geico again, and tell everyone I knew, and that he should ask his supervisor if that was worth $10 to geico. Anyway, Geico DID send to a collection agency, which I did not pay as I figured I never needed to borrow money again, then I decided to buy some property so I disputed the charge with the collection agency. This time, faced with investigating costs, Geico and collection agency dropped the charges. That's my experience with the Lizard.
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1970 VW (owned since 1972) and 1971 VW Convertible (owned since 1976), second owner of each. The '71 now has the 1835 engine, swapped from the '70. Second owner of each. 1988 Mazda B2200 truck, 1998 Frontier, 2014 Yukon, 2004 Frontier King Cab. All manual transmission except for the Yukon. http://www.thesamba.com/vw/forum/album_page.php?pic_id=335294 http://www.thesamba.com/vw/forum/album_page.php?pic_id=335297

[Desertbusman]

Someone said the VW coverage is nil. But they use us for advertising anyway. Maybe they learned how to do it from VWOA
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71 Superbug
71 Westy

[Cusser]

Hagerty was one that would NOT let me take it to a store, to a restaurant, etc.
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1970 VW (owned since 1972) and 1971 VW Convertible (owned since 1976), second owner of each. The '71 now has the 1835 engine, swapped from the '70. Second owner of each. 1988 Mazda B2200 truck, 1998 Frontier, 2014 Yukon, 2004 Frontier King Cab. All manual transmission except for the Yukon. http://www.thesamba.com/vw/forum/album_page.php?pic_id=335294 http://www.thesamba.com/vw/forum/album_page.php?pic_id=335297

[iowegian]

[Tram]

[Cusser]

When I checked into this a few years ago, yes, they allowed up to 2500 miles, but only if you didn't leave unattended (like while having dinner); that gives them an "out", maybe more important for a classic Jaguar than an old VW...
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1970 VW (owned since 1972) and 1971 VW Convertible (owned since 1976), second owner of each. The '71 now has the 1835 engine, swapped from the '70. Second owner of each. 1988 Mazda B2200 truck, 1998 Frontier, 2014 Yukon, 2004 Frontier King Cab. All manual transmission except for the Yukon. http://www.thesamba.com/vw/forum/album_page.php?pic_id=335294 http://www.thesamba.com/vw/forum/album_page.php?pic_id=335297

[Desertbusman]

Yes, what you say Tram, agreed value is what we want. Where in a claim it would be full pay for the agreed amount.

I provided a disk with pictures and full parts and cost listings. And I should really include an appraisal. My company doesn't appraise. But I don't think it's all that easy to take care of the problem. Mine is insured for an XXX dollar amount. The insur. co. and I both agree on that. But from what I understand that might not quarantee anything. Supposidly it's common for insur. companies to pay the lesser of: 1. the stated amount. (my XXX amount), 2. actual current value., 3. or cost to repair or replace. Someone warned me that the XXX amount was the estimated value right after the restoration. But many years later there is wear and tear. I asked the agent about this and he said that it's probably worth more now. But say so doesn't sound very legal.

Where I got nervous was with my mobile home insurance. It is insured for a XXX dollar amount. I just asked them to confirm if it was totaled by fire, or whatever, if I would get a check for the XXX amount. No. They would repair or replace it with them spending no more than my XXX amount. But whatever is the cheapest, repair or replace. Same with the VW. The home is old, but in awesome condition, and worth many times more than the average value for something that old. They say they would replace it with one of equal value and condition as mine. Yea, a pile of ashes or rubble?? No longer being able to give it an actual value. The whole thing sucks!!

For our VW's, evidently some of the various classic policies state different miles it can be driven each year. Some sound reasonable, some not.
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71 Superbug
71 Westy

[Tram]