I have a customer with a super high end camaro built like 5 or more years ago by a fancy builder. It was super expensive.
The owner had some kinda insurance that he had to call and activate the policy when he drove the car. It had some mega hp twin turbo engine.
Well the car had been back to the builder quite a few times for repairs and redesign of some things. And this time it was back at the builder and they were out test driving the car and some how lost control of the car and it hit a guard rail and burned completely to the ground. Like unrecognizeable. A complete and total loss. SCARY
The owner was notified a day or so later and on the following Monday found out his insurance would not cover the car at all. Multiple reasons. So far the shop that was test driving the car in their possession had proper insurance but it has been a fight and of course the insurance company is looking for any way to reduce the value of the car. The owner of the camaro has been grilled by an investigator wanting to see if the owner of the car is hurting for money or anything they can find to lower the value or get out of paying the claim. The owner just wants his car back or his money back.
Its a terrible situation. And when the dollar amounts get really high so does the fight to pay the claim.
Do your home work and pay the money for the insurance you want. Insurance companies ideally would like you to pay your premium and they never have to pay the claim and when and if you have a claim try to get you to settle for the least amount.
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