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#11 |
![]() Join Date: Jul 2007
Location: Bartlett, IL
Posts: 7,152
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I will be switching to the NCM for insurance.. Much better rate and a bit better coverage compared to what I have
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1990 Corvette ZR-1 #1051 Watson Headers (2" Primary) - Flowmaster Cats - Borla Catback Late Model IH - Plenum Coilovers - 4.10s Custom Interior NCM Lifetime Member #978 |
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#12 | |
![]() Join Date: Apr 2007
Location: Northern VA
Posts: 2,655
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Same experience here with State Farm Sent from my iPhone using ZR-1 Net Registry
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Phil Wasinger 1994 Torch Red ZR-1 WAZOO Member George Braml Intake |
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#13 | |
![]() Join Date: Jul 2007
Location: Bartlett, IL
Posts: 7,152
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Even if I wanted State Farm insurance, I don't think my car would apply
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When I called NCM, their insurance allows for the few personal touches I have added to my car and it is still insured as a stock car..
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1990 Corvette ZR-1 #1051 Watson Headers (2" Primary) - Flowmaster Cats - Borla Catback Late Model IH - Plenum Coilovers - 4.10s Custom Interior NCM Lifetime Member #978 |
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#14 | |
![]() Join Date: Nov 2014
Location: Brooklyn ny
Posts: 1,045
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Is it insured as a stock ZR-1 or modified? I would venture to guess modified...I mean with prices the way they are on a Z,would an insurance company agree on a value that high? I think I'm going to up my agreed upon value.....I have condon & skelly northeast classic....Its insured for 23,000......It is modified now with basically a Haibeck 510 package...Its actually Dempseys dragon heart package 522 HP......Should I tell the ins. its modified? Or just say its stock? Sent from my LG-TP260 using ZR-1 Net Registry mobile app |
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#15 | |
![]() Join Date: Sep 2008
Location: Mullica Hill, New Jersey
Posts: 2,574
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You are dangerously underinsured. There is no way that I could replace your car for $23,000.00. If it costs 35 or more to replace it why would you not insure it for that amount? Marty |
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#16 | |
![]() Join Date: Nov 2014
Location: Brooklyn ny
Posts: 1,045
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Sent from my LG-TP260 using ZR-1 Net Registry mobile app |
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#17 | |
![]() ![]() Join Date: Jun 2005
Location: pittsburgh
Posts: 4,632
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It's not the car, it's the people - Doug Johnson 90 r/r "KEYS ON" nick named "T.L.B" |
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#18 |
![]() Join Date: Aug 2012
Location: Ellicott City, MD
Posts: 1,678
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The cost difference between $35,000 agreed upon value and $40,000 was only $4/year. However if you are at $40,000 or higher, the underwriters will require a third party appraisal. At $39,500 they only needed photos of the car.
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Charlie __________ Dredgeguy WAZOO Member 1992 Bright Red/Black ZR1 #246 Dana 4:10 gears Polished LT5 by Haibeck Polished Fikse FM5's with Michelin Pilot Sport 2 Stainless Works headers and cats with Corsa |
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#19 |
![]() Join Date: Mar 2014
Location: Warrington PA
Posts: 1,913
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Although the 74 is still apart and with American Modern Ins....I was also thinking about doing the same with the ZR-1. I decided against it and kept it on my regular State Farm Ins. plan. Reason being is that I can use the Z anytime, anyplace, overnight, etc., and not worry about being covered if something does happen. Sure it cost a little bit more, but I also keep the cost down by taking it out of service for a few months each year when I'm not really driving it during the snow months. And I don't drive more than 5,000 miles per year and that keeps it emission exempt each year here in PA.
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Tom 1994 ZR-1 #009 "captured test fleet car" 1974 LS4 454 Vert 1982 L83 CFI...now a retired "dd"....Sold WAZOO Member Last edited by Roadster; 12-12-2017 at 08:41 PM. |
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#20 |
![]() Join Date: Apr 2007
Location: Lake Bluff, IL
Posts: 2,067
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I had a recent unpleasant experience with my insurance company regarding an agreed value policy. To get an "Agreed Value" policy for my ZR-1, and then for my new Z06, I switched to a Nationwide company and they gave me a $50,000 value on the 95 ZR-1. Because of this and high agreed values on my two BMWs I switched everything to them. When I got the 2016 Z06 they did the "Agreed Value" at $92,000, which I was happy with. Didn't pay enough attention to the fine print. When my renewal came around they had dropped the Z06's "Agreed Value" to $66,000 one year later. I didn't agree to that, but it turns out they can change the "Agreed Value" any time they want. So it is not really "Agreed " to and then set until both parties agree on something else. It is what ever the insurance company wants it to be. That value is low wholesale for my car. I finally got them up to NADA retail of $71,000, which is where most cars are insured. But it took 6 months. Nationwide did offer a different new car coverage, which my agent signed me up for, that for three years would reimburse for original cost in the event of a total loss. But this time I read the fine print. The coverage specifically excluded losses by fire, theft or flood, the only likely causes of a total loss other then my own death in the car. I cancelled that and probably will be looking around for a new insurance company soon. -Bob
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2016 Long Beach Red Z06 #10281 "POPS Z" 1995 Polo Green #409 "WARP TEN"--Haibeck 350/510 package, 4.10s, Hurst, Stock Exhaust with QTP Cutouts --Sold but still running strong 1993 Quasar Blue #161 "HIL KING" --Sold but still running strong, now with more than 120,000 miles 1967 Marlboro Maroon/Saddle Corvette Coupe 300 hp/4-spd --Sold a long time ago ZR-1 Net Registry Founding Member #95 NCM Lifetime Member Favorite Quote--Attributed to Mickey Thompson: "Too Much Horsepower is Almost Enough" |
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