Insurance Problems for Historic 1957 Corvette Race Car

[Bob B.]

Hi all,

I was planning on having my 1957 Corvette at SC this summer and restored back to how it raced in the mid-1960s. I am trying to get insurance on the car from Hagerty contingent that the car will not really be used for racing.

BUUUUT... It seems that, in Virginia, I could still race the car despite the exclusion and still get paid if I made a claim! In other words, Virginia does not recognize that exclusion as protection against an insurer.

So, now I'm between the proverbial rock and a hard place. Hagerty will not provide liability for it in Virginia and NCRS will not register the car without it. It seems, as usual, I am the first person from Virginia to be in this situation with NCRS.

So, does anyone have any suggestions on where I go from here??

Thanks,

Bob

[Don H.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Hi Bob,
pick up your coverage from Adam Boca at NCM Insurance. I'm sure he will write you a policy at fair cost.

About Our Agency: NCM Insurance Agency one of the fastest growing collector car insurance agencies, focuses largely on providing collector car insurance for your Corvette or any other collector car. As part of the National Corvette Museum, our business is Corvettes but the NCM Insurance Agency insures any make or model that is considered a collector car. The National Corvette Museum is a non-profit, 501 (c)(3) foundation, located in Bowling Green, KY. About Our Agent Adam Boca is no stranger to the Corvette or car hobby. He is a true Corvette enthusiast! When Adam graduated high school, he started working part-time at the National Corvette Museum while attending college. He has owned several collector cars and Corvettes and currently owns a 1969 Monza Red Corvette Convertible (actually, it’s his wife’s car). Adam is a Lifetime Member of the National Corvette Museum and is truly dedicated to the NCM as well as his customers. As the exclusive collector car insurance agent at the NCM Insurance Agency, please feel free to contact Adam for your insurance needs! About Our Underwriter American Modern Insurance Group is licensed in 50 states and have been in property and casualty business since 1965. They are based in Cincinnati, OH, and are rated A+ (superior) by A.M. Best Company. A.M. Best is an independent analyst of the insurance industry. 99% of American Modern customers plan to renew their collector vehicle coverage and 97% would recommend American Modern to their family and friends. 350 Corvette Drive Bowling Green, KY Phone: (877) 678-7626 e-Mail: adam@corvettemuseum.org Website: http://www.ncminsurance.com

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[Chuck B.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Definitely contact Adam Boca with MCM

[Tom D.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

I have heard some insurance stories about Corvettes used in the PHA hill climbs (Pennsylvania Hillclimb Assoc.) during the 1060's. Example: Mike Oleyar's first 396 Corvette (Glen Green) was said to "hit a deer" one weekend. The ins. company paid up and Mike proceeded to buy another coupe (Nassau Blue) already set up for the hills. He moved on to C3s and SCCA events, so the Nassau blue car survived.

[Michael J.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Thanks, guys, I'm calling him now! - Bob

Well played! Adam will get you done right.

[Bob B.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Thanks for everyone's help! But, in the meantime, my agent went back to Hagerty and talked with someone higher up, so I am good to go and officially registered for the National. Now to finish up the car! - Bob

Speaking of Big Tanks, here's a pic of mine.

[Michael J.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Thanks for everyone's help! But, in the meantime, my agent went back to Hagerty and talked with someone higher up, so I am good to go and officially registered for the National. Now to finish up the car! - Bob

Speaking of Big Tanks, here's a pic of mine.

Very nice, and very rare!

[Terry D.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

So you stayed with the company that gave you a hard time to insure, better consider what kind of hard time you will get if you have a claim? Did you even talk to Adam to get a quote? Everyone that has switched has saved money and they are great to work with on claims! I've had claims with both and there is no contest!

[Patrick C.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

Adam and team are the best. When my car was being judged last month I forgot the dec sheets....Adam got them for me on Saturday morning and emailed them to me. All was then good with judging.

[Frank D.]

Re: Insurance Problems for Historic 1957 Corvette Race Car

So you stayed with the company that gave you a hard time to insure, better consider what kind of hard time you will get if you have a claim? Did you even talk to Adam to get a quote? Everyone that has switched has saved money and they are great to work with on claims! I've had claims with both and there is no contest!

My exact thoughts...