Cadillac & LaSalle Club Discussion Forum

Cadillac & LaSalle Club Forums => General Discussion => Topic started by: Bob Hoffmann CLC#96 on June 13, 2017, 06:07:50 PM

Title: Insurance question??
Post by: Bob Hoffmann CLC#96 on June 13, 2017, 06:07:50 PM
Does any insurance company offer a stated value policy for a daily driver, driven less than 7500 miles per year. Hagarty does not.
Thanks, Bob
Title: Re: Insurance question??
Post by: Eldo66 on June 13, 2017, 11:26:38 PM

American Collectors offers a "Freedom Tier" of up to 7,500 mi/yr.  While it states that they do not want daily driver cars, I'm not sure how their underwriters make that determination.  Here is their website:

http://americancollectors.com/plans/collector-vehicles/qualifications/

Regards,
P. Nesbitt
Title: Re: Insurance question??
Post by: Andrew Wall CLC#10638 on June 14, 2017, 12:27:54 AM
Bob,

I think the daily driver issue is often a "nudge and a wink"  State Farm went around the issue when I was with them (I have not been for 5+ years)  I've had to have a primary driver, with low mileage alternates.  It has been ok.  There is no way a primary driver will be insured at "historic rates"
Title: Re: Insurance question??
Post by: TJ Hopland on June 14, 2017, 12:01:54 PM
When I have searched I have never come up with anything.   The annoying thing is no one would even give a quote.  I was not expecting $100 per year but no one even offered a $10,000 per year either.  You would think everyone would at least throw out a number but nope they won't even do that.   
Title: Re: Insurance question??
Post by: Matt CLC#18621 on June 14, 2017, 02:29:02 PM
Thanks for the reference.

I just received a tremendous quote for my 2001 Eldorado Sport Coupe.

Matt CLC# 18621
Title: Re: Insurance question??
Post by: 76eldo on June 14, 2017, 10:46:14 PM
Grundy claims to offer insurance for everyday drivers as well as collectors on their TV commercials.

Brian
Title: Re: Insurance question??
Post by: Bob Hoffmann CLC#96 on June 15, 2017, 12:31:18 AM
Guys,
Thanks for all the responses. I'm not looking for a cheaper rate, just more coverage as in a stated value policy.  I'm willing to pay for it. The catch is that is my daily driver & an almost new car.  I'll contact the companies suggested.
Thanks again, Bob
Title: Re: Insurance question??
Post by: Art Director on June 15, 2017, 03:01:37 PM
Believe it or not, my 1963 Sedan de Ville has an agreed value with the insurance company of about $55,000. I was required to send them photos and restoration receipts in order to prove how much I had put into the car's restoration before they would insure that higher value. Not sure if that applies to the original poster, but the car was insured for only $13,500 before it caught fire and was restored. The extra premium isn't that much for the higher value.
Title: Re: Insurance question??
Post by: Bob Hoffmann CLC#96 on June 15, 2017, 04:17:09 PM
Quote from: 76eldo on June 14, 2017, 10:46:14 PM
Grundy claims to offer insurance for everyday drivers as well as collectors on their TV commercials.

Brian
I called Grundy. They're working up a stated value quote for my three  collector cars AND the newer daily driver. Let's see what happens.
Bob
Title: Re: Insurance question??
Post by: Highwayman68 on June 16, 2017, 09:57:54 AM
One more for you to look at. I have two cars covered under this and I set the value I wanted the coverage for.

http://www.anpac.com/classic-car-insurance/
Title: Re: Insurance question??
Post by: Andrew Wall CLC#10638 on January 15, 2018, 10:39:50 PM
Bob,

Any conclusions?

Andrew Wall
#10638