Insurance Strategy

[LGAFF]

Landed classic auto policy today, .....2cars....3K miles per year per car for $331 annually. Sometimes the black car may be outside, which could be an issue with classic car policy...answer....keep comp coverage on the standard policy for another $50 per year to fill any potential exclusions or gaps in coverage...could also do the same with collision if you need to use the car in situations were coverage may excluded......add coverage for a few days and then drop.

Just a thought......completely on the up and up as long as you do not try to collect twice.....in the event of a loss each company would pay their fair share.

[ZRWON]

Landed classic auto policy today, .....2cars....3K miles per year per car for $331 annually. Sometimes the black car may be outside, which could be an issue with classic car policy...answer....keep comp coverage on the standard policy for another $50 per year to fill any potential exclusions or gaps in coverage...could also do the same with collision if you need to use the car in situations were coverage may excluded......add coverage for a few days and then drop.
Just a thought......completely on the up and up as long as you do not try to collect twice.....in the event of a loss each company would pay their fair share.

The Corvette Museum just recently announced that they will start offering a "Classic Car Insurance" for Corvette owners. This might be exactly what we've been looking for. Call the guy coordinating it, Adam Boca, at the Museum 800-53VETTE, 800-538-3883, for more info.
Any of you checked into, or have feedback about, what Adam can do??

[Hammer]

Just off the phone with Adam today. Following is what I was quuted when they get the insurance program going. He indicated a couple months max and it will be available.

TWO CARS
Item Coverage Limit Premium

A Combined Single Limit Liability $ 500,000.00
$ 31.00
B UM - Uninsured Motorists $ 300,000.00

$ 13.00
C UIM - Underinsured Motorists $ 300,000.00

$ 14.00
D Medical Coverage $ 10,000.00

$ 4.00
E Spare Parts N/A
F Towing

$ 10.00
Vehicle Information Coverage Type Premium
Auto #1: 1991 Chevrolet ZR-1
Category: Collectible Modified: no
Value: $ 20,000.00 Mileage Plan: 3000 Miles per year
Collision Deductible: $ 0.00
Other Than Collision Deductible: $ 0.00
Collision $ 150.00
Other Than Collision $ 150.00
Safety Glass N/A
Nine to Five Driver N/A

Auto #2: 1991 Chevrolet ZR-1
Category: Collectible Modified: no
Value: $ 28,000.00 Mileage Plan: 6000 Miles per year
Collision Deductible: $ 0.00
Other Than Collision Deductible: $ 0.00
Collision $ 252.00
Other Than Collision $ 252.00
Safety Glass N/A
Nine to Five Driver N/A

Item Discounts Limit
Car Club Discount

($ 86.60)
Large Collection Discount

N/A
Total Annual Premium $ 789.00
Please Note:

Total Annual Premium is rounded to the nearest dollar.
There is a $250 minimum written premium required for policies insuring modified vehicles, $100 minimum written premium for all others.
Revise Coverages New Quote Print Quote Complete Quote
Additional Information
THIS QUOTE IS AN ESTIMATE OF PREMIUM ONLY. REQUESTING THIS QUOTE IS NOT AN APPLICATION FOR INSURANCE
AND NO COVERAGE IS BOUND BY THIS QUOTE REQUEST. PREMIUMS AND/OR ELIGIBILITY MAY CHANGE BASED ON THE
ACCURACY OF INFORMATION YOU PROVIDE AND ADDITIONAL UNDERWRITING INFORMATION, INCLUDING, BUT NOT
LIMITED TO, THE REVIEW OF MOTOR VEHICLE REPORTS, CLAIM HISTORY, MARKET VALUE, AUTO CLASSIFICATION AND/OR
OTHER RELEVANT INFORMATION.
VEHICLE(S) VALUED OVER $150,000 AND/OR COLLECTIONS EXCEEDING $300,000 IN TOTAL VALUE EXCEED THE
UNDERWRITING AUTHORITY LIMITS. WHILE YOU MAY STILL COMPLETE AND SUBMIT A QUOTE OF THIS NATURE, THESE
RISKS WILL REQUIRE APPROVAL BY THE COMPANY PRIOR TO BINDING. IF YOU HAVE ANY QUESTIONS, PLEASE
CONTACT YOUR UNDERWRITING AUTHORITY.
Copyright © 2001-07 by the American Modern Insurance Group. All rights reserved.
The copyright for this document is owned by the American Modern Insurance Group.
Legal Disclaimers, Terms and Conditions
Internet Privacy Policy
American Modern Insurance Group - Collector Vehicle Insurance Premium Rater Page 1 of 1
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ONE CAR - the 27k
Item Coverage Limit Premium
A Combined Single Limit Liability $ 500,000.00 $ 31.00
B UM - Uninsured Motorists $ 300,000.00 $ 13.00
C UIM - Underinsured Motorists $ 300,000.00 $ 14.00
D Medical Coverage $ 10,000.00 $ 4.00
E Spare Parts N/A
F Towing $ 10.00
Vehicle Information Coverage Type Premium
Auto #1: 1991 Chevrolet Corvette ZR-1
Category: Collectible Modified: no
Value: $ 28,000.00 Mileage Plan: 6000 Miles per year
Collision Deductible: $ 0.00
Other Than Collision Deductible: $ 0.00
Collision $ 252.00
Other Than Collision $ 252.00
Safety Glass N/A
Nine to Five Driver N/A

Item Discounts Limit
Car Club Discount ($ 56.60)
Large Collection Discount N/A
Total Annual Premium $ 519.00
Please Note: Total Annual Premium is rounded to the nearest dollar.
There is a $250 minimum written premium required for policies insuring modified vehicles, $100 minimum written premium for all others.
Revise Coverages New Quote Print Quote Complete Quote
Additional Information
THIS QUOTE IS AN ESTIMATE OF PREMIUM ONLY. REQUESTING THIS QUOTE IS NOT AN APPLICATION FOR INSURANCE
AND NO COVERAGE IS BOUND BY THIS QUOTE REQUEST. PREMIUMS AND/OR ELIGIBILITY MAY CHANGE BASED ON THE
ACCURACY OF INFORMATION YOU PROVIDE AND ADDITIONAL UNDERWRITING INFORMATION, INCLUDING, BUT NOT
LIMITED TO, THE REVIEW OF MOTOR VEHICLE REPORTS, CLAIM HISTORY, MARKET VALUE, AUTO CLASSIFICATION AND/OR
OTHER RELEVANT INFORMATION.
VEHICLE(S) VALUED OVER $150,000 AND/OR COLLECTIONS EXCEEDING $300,000 IN TOTAL VALUE EXCEED THE
UNDERWRITING AUTHORITY LIMITS. WHILE YOU MAY STILL COMPLETE AND SUBMIT A QUOTE OF THIS NATURE, THESE
RISKS WILL REQUIRE APPROVAL BY THE COMPANY PRIOR TO BINDING. IF YOU HAVE ANY QUESTIONS, PLEASE
CONTACT YOUR UNDERWRITING AUTHORITY.
Copyright © 2001-07 by the American Modern Insurance Group. All rights reserved.
The copyright for this document is owned by the American Modern Insurance Group.
Legal Disclaimers, Terms and Conditions
Internet Privacy Policy
American Modern Insurance Group - Collector Vehicle Insurance Premium Rater Page 1 of 1
http://www.

Better than I am paying right now for two of them and the deductibles are $1000 each. These are no deductible, high liability limits and stated values.

[Hammer]

Landed classic auto policy today, .....2cars....3K miles per year per car for $331 annually. Sometimes the black car may be outside, which could be an issue with classic car policy...answer....keep comp coverage on the standard policy for another $50 per year to fill any potential exclusions or gaps in coverage...could also do the same with collision if you need to use the car in situations were coverage may excluded......add coverage for a few days and then drop.

Just a thought......completely on the up and up as long as you do not try to collect twice.....in the event of a loss each company would pay their fair share.

Who was the underwriter

[LGAFF]

American Modern Insurance.

[Hammer]

As the quote shows, that's the same company the Corvette Museum is using. I opted for high limits on everything including values.

[Z51JEFF]

American Modern Insurance.

This is the same company that Leland-West uses,too many restrictions.

[LGAFF]

This is the same company that Leland-West uses,too many restrictions.


Thus leaving comp on the car with my regular insurance for about $120 per year.

[Hammer]

This is the same company that Leland-West uses,too many restrictions.

What restrictions are you referring to? I am limited to 6,000 miles per year on the low mile car and 3,000 per year on the car for sale. They have to be garaged and I have sent a question on the appraisal. I don't know if anyone can properly apraise a ZR-1 here.

[Polo-1]

Hey John

My neighbor can appraise the car. He did my Polo Z when I lost it. The private guy, State Farm hired was within $500. They both did a good job. The “adjuster” from State Farm, who never looked at the car sucked.

[LGAFF]

No questions on the values for my cars, no appraisal requested.