[williamoss]

I have bought Pete's 1995 968, and it is on the auto transporters truck coming to me in about a week. What I am curious about is what most members have insured there cars with. Have you gone the route of specialized insurance with PCA's company where a replacement insurance is available or do most insure with their normal insurance company who will pay actual cash value?

In addition have many of the members put a lowjack system in the cars or a alarm system or are you not putting in anything.

Thanks for the feed back.

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[Darryl]

I think most of us just insure through regular carriers. There are a couple of posts on here about "collector car" policies and I had a unique run around with most of the big ones. Many of those policies have limitations on not only mileage but when, how, and where you can drive the car...severely limiting damn near type of "daily" use. I ended up finding a company that would insure all three of mine on the same policy and let me decide mileage limits and coverage amounts, which I've got setup different for each car. Basically, if you plan to drive the car under any casual circumstances, just go through your regular carrier and see if they have a provision for "agreed replacement value". Our cars are too expensive to fix but not worth a whole lot, so many get totalled when wrecked and you won't get anywhere close to what you'll have invested.

- Darryl

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[williamoss]

I think most of us just insure through regular carriers. There are a couple of posts on here about "collector car" policies and I had a unique run around with most of the big ones. Many of those policies have limitations on not only mileage but when, how, and where you can drive the car...severely limiting damn near type of "daily" use. I ended up finding a company that would insure all three of mine on the same policy and let me decide mileage limits and coverage amounts, which I've got setup different for each car. Basically, if you plan to drive the car under any casual circumstances, just go through your regular carrier and see if they have a provision for "agreed replacement value". Our cars are too expensive to fix but not worth a whole lot, so many get totalled when wrecked and you won't get anywhere close to what you'll have invested.

- Darryl

Thanks for the info. May I ask who you got insurance from?

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[ebarone968]

If you go the low mileage route.... I used: http://www.americancollectors.com/

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[94SilverCab]

I used Hagerty with a stated value of $25K. Limit is 5,000 miles per year, no travel to work.

(Edit-Thanks Darryl), Must be secured in structured parking, must have proof of a daily driver (they gave me a hard time because my Volvo is a 2002).

Regards,

Jay

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[flash]

no chance of me getting insured for anywhere near replacement cost, nor were the liability limits high enough, so i just have it on my AAA policy

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[williamoss]

I just called Geico and they insure Collector Cars thru American Collectors Insurance. This is what I found out. Firstly their limits of coverages do not match my limits that I carry with Geico. Americans are lower, They limit my driving to 2,500 per year, which might be OK as I am retired and don't drive that much anyway. But they do not insure the car for daily driving, IE shopping parking in normal parking lots etc. They insure the car driving to and from car club events, rallies etc. I am sure if the car got damaged at any one of these events they would argue that they are not liable. I told them No Thanks.

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[ebarone968]

one thing nice about american collectors is you can set the agreed value of the vehicle.

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[Darryl]

I am with American Collectors too. Each of my three vehicles are in three different mileage tiers and have three different replacement values. The 2500 miles previously stated is their regular limit but they also have a 5000 and a 7500 tier. Sounds like Geico may not offer everything American Collectors does since they are underwriting them. The "to and from work" gets me since I store my cars at work, so anytime I'm driving somewhere, it's to or from work...and you know if anything would happen, they'd get me on a technicality so they wouldn't have to pay. I had one helluva time getting around that with most companies. Other common restrictions are the car must be a certain age, stored in a secured garage, you are the only driver, and most require you to have a regular daily driver and prove it with a certificate of insurance. So far, I've not had any problems and I manage the whole thing on-line. When I've had to call, everyone was very nice. You can even increase the agreed upon value as need be, which I'm doing with my Coupe. They would only insure it for the purchase price initially but as I repair things I can increase the replacement value accordingly.

- Darryl

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[flash]

i looked at this before, but had no luck, but i thought i would try again

here's what i need:

minimum $500,000 liability

full comprehensive, including windshield

deductible no higher than $1000

mileage restriction no lower than 2500 miles per year

no track exclusion (competitive event exclusion ok)

stated value of at LEAST $50k

if anybody knows of such a policy, please let me know

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[williamoss]

OK now for the 2nd part of my original question

What about alarms or low jack any opinions?

William Moss

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[Fox944]

Low jack early warning is a good system. If you car is moved without the key in the ignition, the low jack key chain will start blinking.

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[ds968]

Bob, I know of two insurers ( Safeco and AIG ) who will meet all BUT ONE of your coverage points. The one consistent exclusion is TRACK related activities whether competitive or not. And Safeco might ( not 100% sure ) exclude any supercharger on the car, including stock SCs, CARB certified or not, but only as it relates to their collector vehicle / agreed value policies.

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[flash]

yeah - AAA allows track (heck, they even sponsor a track)

the problem i have with lowjack is that somebody would have to monkey around under the dash, and they won't let you watch, and i am not at all comfortable with that

i may have them do it though, just so i can take the car apart, and learn where they put the thing

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