Tigers List Archive

This read-only message was archived from a public mail list.
Mail From: "Adin,David" <(email redacted)>

Hi kids,
Not too long ago I was slumming over on the Pantera board (and couldn't
convince myself that an Italian/Ford was better that a Mixmaster - but
that's a debate for another time), and came upon a discussion about
insurance.

Let's open this big can o' worms - is there an affordable policy w/ honest
service that will insure a Tiger for market value.

Experiences? Hear-say?

Rotten vegatables (in case this has been discussed recently).

thanks

David
Red Mixmaster

D. E. Adin, Photographer
Box 2161
Durango, Colorado 81302
(970) 247-0704
(email redacted)
www.frontier.net/~adin

This read-only message was archived from a public mail list.
Mail From: (email redacted)

One of the TE/AE members who drove to the United XXII
had a semi sideswipe his newly restored Tiger. Of course
the 'knight of the road' never stopped. When he reported
the accident to his classic insurer, Grundy, they informed him
that he was not insured. Seems that even though he had been
sending them monthly checks, they had been returning
them to a wrong address. So put 'Grundy' down as
NOT recommended.

I had Actual Cash Value (ACV) on my Tiger when my #1
son totaled it. I felt my insurer USAA (United Services
Auto Assoc) was very fair. They sent an adjuster who took
photos of the car, and the many trophies it had won, and
then researched the value. Even contacted the ACD
museum where it was on display. We came to an agreeable
amount. He then let me buy my car back by subtracting $1000
from the final amount. This way my car's title will never show
it was totaled.

This topic has been discussed before. They are many
legal types on the net who can advise. Remember that most
classic insurance is 'Stated Value' and you have to justify the
value. They will not insure a Tiger for $100K just because
you state it. Also Stated Value just says they will pay up to
the stated amount and not more in the event of a total loss.
Also beware that most classic insurance have limits on
how many miles you drive and where you drive it.

With ACV insurance you just have on record, from qualified
experts, the value of your car. Most insurance companies
don't pick up on this additional exposure until you make the
claim. Then its too late for them. USAA insured my Tiger for
24 years. I had photos and appraisals in their files. When
the claim came due, their only comment was "obviously we
have not been charging you enough for insuring this car".
After they car is fixed, they agreed to insure it again after
it is reappraised. Want to bet the rate goes up?

Unfortunately you can't get too sneakly as the Tiger is on
the list of 'High Performance - do not insure'. When USAA
first insured my Tiger I listed as a Sunbeam Tiger. They
policy came back - Sunbeam Tiger - 4 cyl. I wrote back
and said the car had a factory V8 not a 4. They sent a
corrected policy, but never raised the rates. Their computer
system never recalculates the rate for simply changes.

Lucky me.


Dave Johnson B382002668(under repair) Aurora, IL

This read-only message was archived from a public mail list.
Mail From: Ken Tisdale <(email redacted)>

I've been happy with Hagerty's "stated value" policy. Had my cars
appraised
They agreed upon the value, and the prices are reasonable. The gotchas
are a yearly mileage limit, and NO racing coverage...

Ken in Westminster CO

"Adin,David" wrote:
>
> Hi kids,
> Not too long ago I was slumming over on the Pantera board (and couldn't
> convince myself that an Italian/Ford was better that a Mixmaster - but
> that's a debate for another time), and came upon a discussion about
> insurance.
>
> Let's open this big can o' worms - is there an affordable policy w/ honest
> service that will insure a Tiger for market value.
>
> Experiences? Hear-say?
>
> Rotten vegatables (in case this has been discussed recently).
>
> thanks
>
> David
> Red Mixmaster
>
> D. E. Adin, Photographer
> Box 2161
> Durango, Colorado 81302
> (970) 247-0704
> (email redacted)
> www.frontier.net/~adin

--
Ken Tisdale
ph: 303-421-2336
fx: 303-432-8967
(email redacted)
www.netcom.com/~ktisdale

[demime 0.97c removed an attachment of type text/x-vcard which had a name of ktisdale.vcf]

This read-only message was archived from a public mail list.
Mail From: (email redacted)

>Let's open this big can o' worms - is there an affordable policy w/ honest
>service that will insure a Tiger for market value.

I just received my renewal in the mail today. Hagerty Classic Insurance
(800-922-4050) notified me that I can raise my agreed value coverage to $23,000. New annual cost $253 including my Bugeye.

This is underwritten by CNA. What I don't know is how they are on a claim. Warren Buffet said something to this effect about why he like the insurance business: "It is the only business where you get paid for a service, but can decide whether or not to provide it"

Melusky


__________________________________________________________________
Your favorite stores, helpful shopping tools and great gift ideas. Experience the convenience of buying online with Shop@Netscape! shopnow.netscape.com/

This read-only message was archived from a public mail list.
Mail From: "Jim Boynton" <(email redacted)>

I have my under AARP(The Hartford) for $229 (up $22000). Also can reduce
part of the cost for the 4-5 months I store it. Keeping the property section
in case our 12" snowstorms collapses my garage roof. I think the final cost
is $179 with the Tiger off the road during the winter. Of course also have
my house and 2 other cars so I gett a reduction on all insurance.

Jim

This read-only message was archived from a public mail list.
Mail From: (email redacted)

Hello everyone,

I have a Collectible Auto Policy with Great American Insurance Company
administered by Parish Heacock www.parishheacock.com

Their coverage seems to be rather comprehensive...check 'em out.

Regards,
Henry Vicioso

This read-only message was archived from a public mail list.
Mail From: (email redacted)

Ask for a 19A endorsement from your agent. If he acts dumb, press him. Car
Craft magazine has a short article about insuring collectors cars in it's
Nov., 2001 issue and it starts on page 56. Take a look.....

Dr. Moonstone