Classic/Pro Touring Auto insurance Question

[ProdigyCustoms]

This is unreal. A few months ago before we started Michael's 86 Monte Carlo SS project, we called Gieco to see if there was going to be any issue adding this car. We wanted $20,00 in endorsments (additional dollar protection) for paint, wheels, tires, and misc (could not list any engine mods, we knew they would flip if they saw nitrous and had any clue of the real horsepower). They gave me a quote of $447 every 6 months with no limitations as a 5th car / toy in the household. Geico is covering 5 of them right now tht Lisa, michael and myself all all covered. Not the Hot Rods, they are with Peacock Classic. So anyway, I call a couple days ago as now the car is fully sorted and on the road, to add it as quoted 5 months ago, and they tell me they will not cover it. Not only will they not cover the car they quoted (because the endorsment is more then the value of the base car. They book it at somewhere between $5k and $7k, find a nice SS for that). but they refuse to cover it without any endorsment at all. In other words, they will not cover it as a Monte Carlo with no additional endorsement because it is "to custom' for them.

Now we need conventional insurance for this one without any classic car limitations. There is a bit of a issue with Michaels age and "technically" he cannot drive any of the Hot Rods as there are specific no males under 25 Y/O clauses. And even though Michael would never drive one of those cars. Let's just say if he did, we would be assuming liability if he bumped into anyone! Now if there is a emergency at Steak and Shake on a Saturday evening and he has to use one of these cars to get there, well I can assume that liability. But I cannot assume liability 365 days a year. We need conventional insurance for the Monte. So as of today, Gieco has us a bit screwed. So here we are about $30k deep (parts / materials value not counting a penny of labor) and we canot insure it through our 10 loyal insurance company that quoted us and said they would cover it before we ever put a penny in it.

It's a real problem right now. Big enough we may sell the monte (Michael says HELL NO!) if we cannot insure it. Those cars are to popular of a theft item not to have coverage. Damn gieco sucks! Some other insurance company the cover this thing for a resonable agreed policy is going to get a BUNCH of insurance from a family with decent drivers reconrd and no serious claim history.

I will let you know what we end up with. UGH!