Called Grundy

$100,000 coverage

No mileage restrictions
Pleasure and event driving only
No Racing
0 deductable (the other place had $500)

Agreed value - they don't need an apprasial or a "parts list" like the other place.

$683.00 a year

So why the price descrepency? It's half the price.

And the hunt goes on.. lol

Did you try Haggerty yet?

They added 50% to my policy when I added my cage.

Steve,

If you are interested, give Tami or Jackie a call over at MK Insurance. They are a sponsor on the Yenko site and I have my 3 cars with them all on agreed value with a highly rated carrier.

http://www.mkinsuranceagency.com/pc2...aspx?sid=17981

Jim

I thought Haggerty didn't like "modded" cars? My car is a poster child for Modded.

Yeah, they hate caged cars. Cages mean 2 things to them: Racing & head injuries (a helmet-less head on pipe hurts).

Steve, I have one or two things to add to this thread, on a more general level.

First, list every single part you have in that car and prices (or replacement value, in your case :) ). Include every nickel & dime, any labor (even the 3rd grade electrician), and supplies used. Included the price of the car. There is your starting figure. That begins to get you (well, the average guy) in the ballpark for correct replacement value.

I track all mine in an access database. I know almost every nickel I have spent on my 77 since I got it in August 2005. Used parts, new parts, brake clean, everything – or at least 99% of it. Most guys would be very surprised how much the little stuff adds to the total cost. Gaskets, bolts (them stainless bolts ain’t cheap), rattle cans, cleaner, etc. That new intake isn’t $200, it is $200, plus $15 for gaskets, $20 stainless bolts, $6 carb gasket, $25 for reconfigured fuel line, etc. I track both cars (67 & 77), along with parts I’ve bought with no decided use yet. But this can easily be done in Excel or even on paper. It also helps me keep my documentation in order in case I ever need to produce receipts (warranties, etc).

Next, you might want to collect a list of ‘comparables’ – similar cars to your for comparison. EBay auctions, Barrett Jackson results, etc. You do not have a normal 68 Camaro. You have a multi-media outlet superstar car (you are almost Howell-like) that is a perfect PT example. And if nice PT style cars go for $100k at BJA, well, yours is worth at least that much on paper. Remember the previous comment about appraisers who don’t ‘get it’. Comparables can at least help them almost ‘get it’.

I know I will be changing the agreed value (Hagerty) on my 77 from 10k to 20k in the next few months. I might need some added info. I’ve collected info on a number of 77Z28 sales over the past year. One just went at Meachum for over $20k. While my car is no superstar at all, it is still worth more then an ‘average; Camaro. Put it this way: my car to a regular mid-2nd gen is what your car is to a regular PT car. It is rarer and more valuable. I just have one less zero on the price.

Also, hide this list from the wives. :)

You have a pm Steve

I have Grundy and have been pleased so far. I increased the value last year and I just wrote why I was wanting the increase and it was approved. I have a roll bar in my car and Grundy didnt care.

Their biggie was do not drive to work and keep it in a locked garage.

Good luck with your hunt. I would insure it for at least $100k.

I have Grundy and have been happy with them. I started the insurance as soon as the car was driveable but far from complete. The car had no interior except for a driver seat, no dash and a roll bar and they had no problem insuring it. ALot of other places said "no" until it was all done and then they would consider it. I wanted to make sure that it was covered during the time I was "test driving it" and the car was far enough along that someone might be interested in stealing it out of my garage.

As the car has progressed I have increased the agreed value almost every year and its never been even questioned. I have never had the car appraised, I just come up with a value and they change my rate. I'm sure that if I have to make a large claim, they may want me to justify the value through receipts or comparisons to other cars out there etc, but I never got the feeling that they are going to screw me. My policy is agreed value.

The restrictions are as you got quoted.... 3k miles, only "pleasure" driving (i.e not a commuter car etc).

I was really worried about using insurance through some of these "no name" companies that are now offering classic car insurance. They may offer great rates but when it come time to make a claim, I want an insurance company that I know is still going to be there to help me. I.m willing to pay alittle more for a company that is well known and has a reputuation in the market rather than some small unheard of company that may come and go in the blink of an eye.

I'd stick with Grundy, Heagerty or Parrush Heacock.

insurance
 

I've been planning on doing a story on insurance. Sort of like the one on did about getting ripped off buying a car online.

I didn't worry too much about the insurance for the last year for two reasons. First is that the car has been in fully insured shops and I haven't driven it yet. Now that drive time is around the corner I want to get it sorted out.

So Haggerty or Grundy? Someone else? If anything this is good info for my story

I will dig up the policy but you could be corrent about the "stated value" deal.
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You guys should see what insurance is in Canada! In Ontario there are only two major insurance companies willing to touch classic cars with an 'appraised value' in excess of $100,000. However, only one was willing to insure me because my mustang is supercharged. The restrictions are unbelievable. The car must be kept in a locked garage when not in use (preferably with an alarm), the car must have a boomerang tracking device (our equivalent of Lo-jack), it can only be used for pleasure use and 'automotive events' (parades, car shows). For $125,000 coverage is $2,300 per year and the car must be insured all year ( no refund for storing it in winter.) That worked out to $1/mile for how much I drove it in 2006!