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#1 |
Join Date: Apr 2020
Location: Florida
Posts: 2
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Hi Guys. I have a 1996 Grand Sport that i hardly drive. 1000 -2000 miles per year. Id like to insurer With The National Corvette Museum ins co. Has anyone had any dealings with them as far as claims. How is their service? Their underwriter ins company has bad reviews as fat as their home ins coverage but i cant find auto reviews. Any help would be appreciated. I will post on the ZR1 site also
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#2 |
![]() Join Date: Aug 2012
Location: Ellicott City, MD
Posts: 1,716
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Check with your regular insurance company as well. I have State Farm and they started coverage of 25 year old or older collector cars a few years back with agreed upon stated value. They were far less expensive than the Museum. I think I was quoted around $800/year from the museum and State Farm was less than $200/year for same good coverage.
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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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#3 | |
![]() Join Date: Oct 2008
Location: Michigan
Posts: 129
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#4 |
![]() Join Date: Aug 2012
Location: Ellicott City, MD
Posts: 1,716
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Yes, you need to have historic plates on the car. Every state is different but I can tell you that all of us with cars 20 years or older in Maryland put on historic plates and never any issues. No annual emissions or safety inspection and plates are far less expensive as well. Virginia is 25 years and they cannot wait! Michigan might be different but around here as soon as your car is 20 years old, historic tags are the way to go. Lady at the MVA refused to give me regular tags as I was also concerned about limited driving being enforced. She told me not to be a fool, if I was worried about being pulled over, put a damn filter in your car............your going for maintenance! Got the 92Z with 50K miles in 2012 and now have 105K and never any issues with historic plates and it is driven everyday provided not raining or snowing.
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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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#5 |
![]() Join Date: Mar 2007
Location: Crystal Lake, IL
Posts: 7,180
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I had a glass claim with American Modern which I believe is the company actually underwriting the business. They dont use direct repair, use whoever you want, and oddly they had me get 2 estimates and told me I could use either ... even the one at a higher price.
There are some limitations on use so be sure to read the policy
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LGAFF 90 #966-150K miles-sold 92 #234-sold 1987 Callaway TT #17 1991 ZR-1 #1359 |
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#6 |
![]() Join Date: Sep 2008
Location: Mullica Hill, NJ
Posts: 2,619
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While I respect all owners and members and their experience, I will share the following:
1- Having directed hundreds of customers to NCM, as I always try to support the Museum, I have VERY RARELY heard of their rates being higher or non competitive with other companies for the SAME coverage. In fact, my customers repeatedly share their savings experience which is consistent with my experience with NCM for my vehicles. 2- Stated Value and Agreed Value are two entirely different methods of determining what the insured will be paid in the event of a loss. Suffice it to say that an agreed value of $50,000.00 is what you receive in the event of a total loss. There is no such guarantee in a stated value contract. While better than a regular policy method of determining value, it is NOT the same as " AGREED". Therefore I would expect any stated value policy to cost less than agreed, because the coverages are not equal. Be THOROUGH in your questions to your agents and in your analysis of the coverage and costs. 3- Have had a a number of customers express satisfaction with the NCM carrier's claim performance. None have shared negative stories. 4- NCM does not require antique plates. They will insure new Corvettes. The usage restrictions are comparable to other collector carriers. If you want NO limitations, go with a regular policy as that is NOT what you are getting with collector policies which are based on those very limitations. Comparison of those two are truly apples to armchairs. 5- I will close with what I consider to be far more important than cost. Dealing with the PEOPLE at NCM is beyond compare. Not only are they friendly and kind, they KNOW cars. They are great to deal with all of the time and never treat your questions like a bother. I can give anyone money for something. But, when the experience is competent, friendly, of high quality and competitive cost, that is where i write the check. Those are my empirical observations over many years with many customers and friends as well. Simply sharing them with you. ![]() Marty |
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#7 | |
![]() Join Date: Jul 2007
Location: Bartlett, IL
Posts: 7,156
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1990 Corvette ZR-1 #1051 Watson Headers (2" Primary) - Flowmaster Cats - Borla Catback Late Model IH - Plenum Coilovers - 4.10s Shelby Series 1 - Wilwood Brakes Custom Interior NCM Lifetime Member #978 |
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#8 |
Join Date: Dec 2007
Location: Fremont, CA
Posts: 3,087
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Be very wary about any insurance company that has a connection with American Modern Insurance Group. Nothing but grief when I had them years ago,never again.
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#9 |
![]() Join Date: Aug 2012
Location: Ellicott City, MD
Posts: 1,716
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Thanks Marty,
Only hear good things about the Museum. Your information caused me to send an email to my State Farm agent and I will report his response.
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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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#10 |
![]() Join Date: Sep 2019
Location: Phoenix, MD
Posts: 91
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Hagerty has been great, I?m on my second Vette policy with them. I haven?t had any claims though. No mileage restrictions, agreed value of $25k and it?s about $500/year
Sent from my iPhone using ZR-1 Net Registry
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1992 ZR1 #501 in crap condition Functionally great, cosmetically terrible Haibeck intake porting and tuning Stainless works headers Corsa exhaust Forgeline wheels on their second life [SIGPIC][/SIGPIC] |
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