who is the policy through?

Jody

Ask to see the policy.. it needs to say AGREED policy.. and have the right lauguage. I certainly wouldn't take her word for is :)

I just got back from the insurance office. We filled out all the paperwork and sent it off, we will see what happens. The insurance will be through Hagerty. I listed everything on the car and put a value of $25,000. She sent in the information along with all the pictures. Now I just have to wait for one of thier appraisers to look at the application. She made sure that it was an agreed policy. That is why I have to wait to get aproval from them. She said it will take then 4-5 days to process the paperwork, so now I just have to wait and see what happens.

I will keep you informed of what they say.

Matthew

anyone know what someone under the age of 25 could do for car insurance on their car, besides waitings 5 years to turn 25?

Hagerty ONLY does agreed value and are you sure $25k is enough to replace your car?

Also, what's your uninsured motorist coverage and what are your liability limits???

That makes me fell better. At least i know that i will be fully covered. As for the value, I feel that subjuctive to opinion. I feel that is a fair value as my car dones not have near as many mods as most. This was my first PT project. My car not have the LS motor or fancy interior...Yet. As I do upgrades to the car I will up the value with the insurance. I assume that is possible.


The limits are set to what is required by my state. Should I up the coverage on these too

from what i know NO:mad:

im with steve on this one regardless of what mods are done if its even cleanly restored it should be covered for more.

Why would you EVER carry less liability coverage on your play car compared to your daily????

If you get in an accident (heaven forbid) that's your fault in your "play car" you will be screwed with the lower coverage. If you have any assets consider them gone. What if the guy you hit has $100,000 in medical bills and you have $50,000 in coverage? Do you have $50k laying around?

If a certain coverage limit is "necessary" on your daily then under what circumstances would it not be good to have the same on your other car? If you're in an accident with fault they wont care what car you were driving.

This is the one MOST IMPORTANT thing I learned doing my Insurance story. Just things to think about.. don't get fixated on a low payment and on what the car is covered for. :)

I know I would have a hard time finding a NICE car for $25k.. his seems pretty nice. It doesn't cost hardly anything more for a bit more coverage. Ask yourself "what would it cost to replace my car if it's stolen?"

What if it's hit bad? My car cost over $25k to fix and if your car was my car it still would have cost $25k. This means your car would have been totaled. Would you be happy to trade your car for $25k?

Just trying to help you work though this.. it's a big decision. :)

One thing we learned with my dad's '56 is, get it appraised! If you built the car yourself, you may not realize the actual value. I know that sounds silly, but when we got the results of the appraisal, dad was quite surprised! :wow:

http://www.fquick.com/images/vehicles/full/7273096.jpg

Shiny Side Up!
Bill