Re: Insurance
Paul,
I think it's important for you to post your experience; particularly since it is different than my experience with State Farm. This is a great use of the TDB and may benefit many.
My agent was clueless about a Collector policy. He had to call the Michigan state office. I didn't know what I had until after the policy was paid for and showed up in the mail.
Here's what I think you need to look for in a collector or antique policy from State Farm:
1) Vehicle value needs to be on the Declarations Page. I had to get an appraisal to establish that value.
2) An endorsement (6171CD) for Antique or Classic Motor Vehicle. My copy of 6171CD looks to be universal, not just for Michigan. This endorsement is referenced on the Declarations Page. The wording I posted above is from 6171CD.
Why am I staying with State Farm? Because for my '92, State Farm is cheaper than American Collectors and Hagerty. It's also less restrictive on driving and garaging. I'm comfortable using State Farm on my '92 because I think most repair facilities could handle repairs (similar body and paint to current cars). I would be nervous about a SF adjuster, not familiar with the oldies, deciding what they would cover for bodywork and paint on my '65 (original fiberglass and lacquer). I'm wondering what the specialty insurers do about lacquer...
Bill
Paul,
I think it's important for you to post your experience; particularly since it is different than my experience with State Farm. This is a great use of the TDB and may benefit many.
My agent was clueless about a Collector policy. He had to call the Michigan state office. I didn't know what I had until after the policy was paid for and showed up in the mail.
Here's what I think you need to look for in a collector or antique policy from State Farm:
1) Vehicle value needs to be on the Declarations Page. I had to get an appraisal to establish that value.
2) An endorsement (6171CD) for Antique or Classic Motor Vehicle. My copy of 6171CD looks to be universal, not just for Michigan. This endorsement is referenced on the Declarations Page. The wording I posted above is from 6171CD.
Why am I staying with State Farm? Because for my '92, State Farm is cheaper than American Collectors and Hagerty. It's also less restrictive on driving and garaging. I'm comfortable using State Farm on my '92 because I think most repair facilities could handle repairs (similar body and paint to current cars). I would be nervous about a SF adjuster, not familiar with the oldies, deciding what they would cover for bodywork and paint on my '65 (original fiberglass and lacquer). I'm wondering what the specialty insurers do about lacquer...
Bill
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