1969 vette auto ins

[Jimmy D.]

Re: 1969 vette auto ins

Thanks all for all the comments. So far only one Don H, knew someone who made a claim and Hagerty did well. We all agree the regular insurance company are not the ones to use.

[Dan D.]

Re: 1969 vette auto ins

My dime's worth...I think the most important thing is that the policy you buy is not only from a reputable company but clearly reflects your intended use. Many attractive rate policies have varying restrictive clauses that can severely limit "how," "where," and " when" you can drive the car. The last thing anyone wants to hear is that "the fine print" means you're not covered. The same thing applies to license plates... "Classic" and"Historic" plates, while less expensive, and may even eliminate some vehicle inspections and perhaps some renewal process, do severely limit the vehicle's use. I've had friends cited and fined because they were driving outside thelimits of the plate. For these reasons, I include my Vette on the same policy as my other vehicles. The Insurance company inspected the car and I have a stated value addendum. I use regular license plates and I get the required state inspections. It's not that I drive the car that much...but, I know I am able to drive it anywhere at any time. I remember my Dad telling me, "Insurance is the only thing in the world, you can't buy when you need it."

[Jimmy D.]

Re: 1969 vette auto ins

Dan, great advise thank you.

[Terry M.]

Re: 1969 vette auto ins

Tom------


I'm not surprised, at all, that Hagerty would not insure your Z-06. Most classic car insurance companies will not issue policies for later model cars. In fact, I'm surprised that the NCM would. As I recall, the underwriter for the NCM is American Modern Insurance Company. American Modern has some pretty liberal policy restrictions but I didn't know they were that liberal. Do they have some serious mileage restrictions attached to the Z-06 policy?

Joe

I lost this the first time through, so I'll try again. Darned hotel internet connection sucks.

I have my collector cars insured with American Modern through Adam at the NCM. I have the 1970 Corvette LT1, 1967 Chevelle that is far from stock, a 2001 Camaro B4C, and the 2008 Z06 with them. They have three levels of insurance based on annual mileage: 3K miles, 6K miles and unlimited. All my cars are at 3K except the Z06 which is unlimited.

The Z06 is not inexpensive to insure in that it is fully half of the entire policy premium. The entire premium is about the same as I was paying with State Farm, but there is no reduction for when the cars are stored in the winter (I know that is not an issue for those in the one-season part of the world, but you are far enough north to have two seasons per year.). It is a year round policy. I am more comfortable in that I know I now have stated value coverage, although my SF agent assured me that is what SF had. That agent passed away (he was an NCRS member) and without his support I felt I was out on a limb with SF. Adam told me they don't like to insure Z06s, and would be happier if I didn't insure it with them. I think he said it had to be part of a larger collection for them to accept it. I understand their position. It is a car that has more potential than most drivers can handle; but then the same can be said of many modern and some older Corvettes. Modern Corvettes are very expensive to repair, and I expect their loss experience has not been good with that model.

I did have an encounter with another vehicle on my way to the National Convention this summer. Adam heard about my incident (clearly the other driver's fault) before I got to tell him. The NCRS grapevine at work. He took some pictures and advised me to try to get the other driver's insurance to cover the damages, but offered to file a claim with AM if there was any hint of foot dragging from the other company. He even offered me the other company's toll free phone number to make the claim. So far that advice proved to be spot on, and is working fine for me.

I was surprised they were willing to insure the Camaro, and I was very impressed I didn't have to explain to Adam what a B4C is. He not only knew what it was, but told me almost the exact production number (less than 300) for the year. That is kind of a niche vehicle and even many died-in-the-wool car guys have no idea what it is.

I had no luck with him insuring my daily driver Caprice 9C1s, but he did want to know what the daily drivers were. I had to have something to drive besides the collector cars.

[Mark E.]

Re: 1969 vette auto ins

Thanks Terry. This made me Google B4C and 9C1. It sounds like you have your own police fleet!

[Jeffrey S.]

Re: 1969 vette auto ins

Jimmy,
I have my '69 insured with Haggerty. I had a claim some years ago and they could not have been more helpful. I won't go into all the details but the fire was clearly my fault- welding- and they didn't care whose fault it was. They just wanted to get my car repaired to my satisfaction. They had a check to the shop within days and never even sent out an adjuster. I had a burned door panel and it took about a year to find an NOS panel and they sent me a check for it again within days and my word as to what I paid for it. I wouldn't switch from them if I could save half with another company.
Jeff

[Terry M.]

Re: 1969 vette auto ins

Sure. If you have to drive somewhere it might as well be fun & safe.

[Thomas H.]

Re: 1969 vette auto ins

Tom------


I'm not surprised, at all, that Hagerty would not insure your Z-06. Most classic car insurance companies will not issue policies for later model cars. In fact, I'm surprised that the NCM would. As I recall, the underwriter for the NCM is American Modern Insurance Company. American Modern has some pretty liberal policy restrictions but I didn't know they were that liberal. Do they have some serious mileage restrictions attached to the Z-06 policy?

Hi Joe,

When I pressed Hagerty the reasoning behind not writing my Z06, I was told it was my daily driver(s) were older then 5 years old. With my "other" cars (not the ones they are insuring) were older then 5 years, they were more likely to break down which would put me in a position to start using the Z06 as a daily driver. Insurance is all about risk management and they take everything into consideration when managing their risk........

I shopped the Z06 to my regular insurance carrier as well as bundled with the other cars to specialty carriers. I spoke with Adam at Carlise years back and told him my story and he told me they would accept the Z06 along with the other cars. The quote they provided was acceptable to me so I went with them. I didn't want the Z06 on my regular policy since, at that time, I had two teenage drivers in the house and even though neither of them would drive the Z06, my rates would be increased $$$.

There are mileage / usage restrictions but the way I use the car(s) they really don't impact me. The Z06 (2007) just turned 6000 miles coming home from Carlisle this year......

Tom

Tom

[Frank D.]

Re: 1969 vette auto ins

Contact Adam Boca at the Corvette Museum. He has the best rates.

Absolutely !
All of my classic car insurance is through them. Several cars will get you a "Large Collector" discount.
NCM has stood by me with a substantial claim involving a reckless, uninsured driver....that's what really matters...
Make sure you get 'stacked' UIM....

https://www.youtube.com/watch?v=ZvgvgduHhUs

[Michael H.]

Re: 1969 vette auto ins

Contact Adam Boca at the Corvette Museum. He has the best rates.

I agree with Jim.

Mike