First Generation Firebird-L Mailing List .........................................................................
I got a quote from Hagerty through my Allstate agent last week. They require a restoration project car to be at least 50% complete to insure. So, I stated my car was about 60% assembled. They took off all the typical coverages since it is non-op and basically just provided a quote for theft out of my locked garage for $209/yr for an agreed value of $25k. The $25k is based on the actual hard cash for parts out of my pocket, which are either on the car or sitting in the garage. I then made the mistake of telling my agent I have a 455 and a 5-speed Tremec when we were filling out the detailed description of the car. Hagerty considered that modified and literally more than doubled their quote. This seems a bit ironic considering an all original classic would be collectible and worth more. So, for me it's about $450/yr to insure my project car with the restriction of zero miles. Pretty crazy. Keep in mind I live in southern California so it's probably more expensive in my zip code . I'm still considering what to do. Sheen > I have antique auto insurance that is quite inexpensive but comes with a> few > restrictions of use and limited mileage /year. My insurance company> wanted a > professional appraisal done and submitted with photos before> they would > insure my bird. I believe they require an update every 3-5> years. They > covered the car based on this "agreed value" $31K costs me> $276.00/year> > > Either way I would recommend getting an appraisal done for your own> peace of > mind. It only costs around $150.00 and you have documented> proof of your > cars value.> > Brent Block _________________________________________________________________ News, entertainment and everything you care about at Live.com. Get it now! http://www.live.com/getstarted.aspx ------------------------------------------------------------------------ Submissions to Firebird-L: <[email protected]> Unsubscribe from Firebird-L: <[EMAIL PROTECTED]> Help: <http://FirstGenFirebird.org/firebird/Firebird-L.html> Classifieds: <http://FirstGenFirebird.org/ubb/> Owner Pictures: <http://FirstGenFirebird.org/show/> Donations: <http://FirstGenFirebird.org/store/cart.mv?999999> FGF Merchandise: <http://FirstGenFirebird.org/store>
