Quote:
Originally Posted by 509Chevelle
A regular insurance company isn't going to be as cheap as a collector car insurance company like Haggerty or Grundy. A regular insurance company like State Farm, Farmers, Allstate, etc. will charge you per month just as they would any other car. And the most dreadful drawback of all is, if anything were to happen to the car while in storage, they would only give you bluebook value on the car. Not what you put in it or have it appraised for. So, if bluebook value on a 40 year old car is $2,500 and you put $25,000 in it, they will only offer what is bluebook. You will have to fight like hell to get your stated value. And that will take alot of time and effort and just isn't worth it.
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Not always true. I received a check from AAA for $6900 to fix my car last November. About 80% of my appraised value.