Project/Storage Insurance

[BC69]

Hi All,

So I just moved out to San Fran from NYC and left the Camaro behind in CT for the time being. I may ship her out in the spring, but the move was quick and really couldn't plan for the car. Some of you may remember I had insurance issues because I am under 25 and had a speeding ticket in my daily driver. One ticket in 8 years of driving was enough for Haggerty to drop me! So right now it is off the road because of insurance, but I want to have something on it while it's in storage in case of some random act of god on the facility or if it were stolen, ect. Is there any sort of basic insurance you guys use for projects or long term storage cars? I know I should just have regular coverage, but no one wants to cover me! So thinking of some other options.

Also, any Nor-Cal guys know of places to store if I do bring it out?

Thanks,
Tim

[SLO_Z28]

Any regular insurance company can insure against fire, theft, or natural disaster. I had mine insured through AAA, think it was $300/year. You should have no issues getting regular insurance, I have a less than stellar record and I had no issues getting it at 20 years old with 4 points.

[Flash68]

Sent you a PM about Norcal storage.

[214Chevy]

Originally Posted by SLO_Z28

Any regular insurance company can insure against fire, theft, or natural disaster. I had mine insured through AAA, think it was $300/year. You should have no issues getting regular insurance, I have a less than stellar record and I had no issues getting it at 20 years old with 4 points.

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.

[SLO_Z28]

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.

Not always true. I received a check from AAA for $6900 to fix my car last November. About 80% of my appraised value.

[214Chevy]

Originally Posted by SLO_Z28

Not always true. I received a check from AAA for $6900 to fix my car last November. About 80% of my appraised value.

I only used $2500 as an example. $6900 was only to "fix" your car as you stated. But, my point to be exact is, a regular insurance company will not give you 100% of your value the way a classic car company would. Also, a regular insurance company will total-loss our cars quicker than lightening strikes because of their age. But hey, I'm no expert on this. Just my .02 cents. But, I do remember when I first bought my Chevelle back in 2003, when I was 30 years old with no tickets and it was bone stock and would not go faster than 65 mph, I was paying State Farm $118/month, which equals $1416/year. Now, I have it all fixed up with bling and pay Grundy $352/year for $50k of coverage.