With Grundy World Wide all I kept doing was increasing the agreed value; we never discussed if it would be driven, only that it wasn't my main transportation, it would be used in appropriate situations (ex. accidents at a track wouldn't be covered) and it would be in an enclosed building. They don't know how much you will or won't drive it so the fact you say you won't drive it really doesn't matter - just get an agreed value policy and update it. Also I've been told that some homeowners or building insurance will cover it as a specific asset (once again you have to keep updating the policy as it nears completion to reflect the value, they often require appraisals- museums do this under overall coverage and they'll itemize a particular cars value).
Last edited by DHARROD; 10-23-2007 at 10:40 AM.
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