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-   -   !!!!! Insurance Question>>> (http://zr1.net/forum/showthread.php?t=8079)

ZR1Vette 03-12-2009 09:16 AM

!!!!! Insurance Question>>>
 
Most standard automotive insurance companies (meaning non speciality insurance companies) will simply insure a ZR-1 as a C4 with qualifiers (mileage, mileage driven per year etc etc)... considering the ZR-1 value is higher (in some cases MUCH higher) than a standard C4 what do you guys do for insurance? Companies like Hagerty Insurance won't cover a ZR-1 since does not meet the age requirement.

tccrab 03-12-2009 09:39 AM

Re: !!!!! Insurance Question>>>
 
I use American Collectors, they know what a ZR1 is. It is a "Stated Value" policy.
There are conditions, must be stored in a locked garage, must be a second car, not daily driven, mileage restrictions, blah, blah blah. Cost runs about $400 a year.

TomC
"Crabs"

FU 03-12-2009 10:19 AM

Re: !!!!! Insurance Question>>>
 
We use Infinity Insurance on all the Z's.
The 91 is $ 590 a year 5K miles and 40K value.

IowaZR-1 03-12-2009 10:50 AM

Re: !!!!! Insurance Question>>>
 
Quote:

Originally Posted by ZR1Vette (Post 56451)
Companies like Hagerty Insurance won't cover a ZR-1 since does not meet the age requirement.

Have had my '93 insured with Hagerty for 4 years now.:-D

ZR1Vette 03-12-2009 11:31 AM

Re: !!!!! Insurance Question>>>
 
Quote:

Originally Posted by IowaZR-1 (Post 56457)
Have had my '93 insured with Hagerty for 4 years now.:-D

Hmmm... Hagerty told me they would not insure the ZR due to it not being 25+ years old...only insure classics/antiques :dontknow:

FU 03-12-2009 11:43 AM

Re: !!!!! Insurance Question>>>
 
Try this one also Michael : http://www.americancollectors.com/

ZR1Vette 03-12-2009 03:19 PM

Re: !!!!! Insurance Question>>>
 
Good info guys :handshak: I am now in discussions with both American Collectors Insurance(so far extremely nice and helpful) and Infinity/Classic Collectors Insurance.

Thanks all

z proud 03-12-2009 03:58 PM

Re: !!!!! Insurance Question>>>
 
I have Grundy ins 26k agreed value 400.00

Stated value is the lesor of stated value or acv(book)

-=Jeff=- 03-12-2009 06:33 PM

Re: !!!!! Insurance Question>>>
 
I had a policy with Hagerty too, but decided to go the State Farm route..

I know there is a difference between agreed and stated value policies, but the book value is much higher than I paid for my 90

but Hagerty does do 1990 Corvette ( considered Exotic I think)

PhillipsLT5 03-12-2009 09:03 PM

Re: !!!!! Insurance Question>>>
 
You want "agreed value"


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