Quote:
Originally Posted by JFFerner
I think there might be a misunderstanding about insurance terms and the manner in which they are disclosed. For those who have concern with American Modern Ins. please be aware that (I'll use my policy as an illustration) on page 2 of the documents headed as "Collector Vehicle Specified Coverage Endorsement" Item M, sections 1.,2., and 3. are inclusions, you're covered for travel to and from hotel, overnight stay,parades, etc. as long as these are truly events for your car.Sub items 1. sub a.,(1) through (5) you are not covered for use as your principal means of transportation, or as a substitute for your principal nor to or from work or school, nor for business or commercial use. I phoned American Modern this morning. spoke to a gentleman named Arman and he confirmed that which I stated here. Please check your own policy and contact American Modern at 800 678 5173.
And so it goes......Jim
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This is correct in most collector car/agreed value policies.
Just a friendly reminder to compare prices on different companies as they can vary significantly.
Case in Point.
The 90 ZR-1 through Hagerty for yearly coverage. The premium with an agreed value of $30k was $779.00 including liability. ~1000 miles per year.
Grundy quoted an exact carbon coverage for $217 per year including liability.
NCM will not insure North Carolina so I do not recommend them!