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03-12-2009 | #1 |
Join Date: Dec 2007
Location: Reston, Virginia
Posts: 939
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!!!!! Insurance Question>>>
Most standard automotive insurance companies (meaning non speciality insurance companies) will simply insure a ZR-1 as a C4 with qualifiers (mileage, mileage driven per year etc etc)... considering the ZR-1 value is higher (in some cases MUCH higher) than a standard C4 what do you guys do for insurance? Companies like Hagerty Insurance won't cover a ZR-1 since does not meet the age requirement.
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Michael :cheers: [I][SIZE="2"]1990 RED on RED #566[/SIZE][/I] [I][SIZE="2"]WAZOO MEMBER[/I][/SIZE] |
03-12-2009 | #2 |
Join Date: Oct 2004
Location: Folsom CA
Posts: 1,650
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Re: !!!!! Insurance Question>>>
I use American Collectors, they know what a ZR1 is. It is a "Stated Value" policy.
There are conditions, must be stored in a locked garage, must be a second car, not daily driven, mileage restrictions, blah, blah blah. Cost runs about $400 a year. TomC "Crabs"
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TomC '90ZR1 #792 Honorary Pirate [B]If it ain't FUN, you're doing something terribly WRONG. [/B] |
03-12-2009 | #3 |
Join Date: Mar 2004
Location: Found Member
Posts: 4,346
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Re: !!!!! Insurance Question>>>
We use Infinity Insurance on all the Z's.
The 91 is $ 590 a year 5K miles and 40K value.
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Frank Urbo. NCM Lifetime member # 982 Registry Founding # 237 |
03-12-2009 | #4 |
Join Date: Feb 2006
Location: Iowa aka "one big cornfield"
Posts: 341
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Re: !!!!! Insurance Question>>>
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03-12-2009 | #5 |
Join Date: Dec 2007
Location: Reston, Virginia
Posts: 939
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Re: !!!!! Insurance Question>>>
Hmmm... Hagerty told me they would not insure the ZR due to it not being 25+ years old...only insure classics/antiques
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Michael :cheers: [I][SIZE="2"]1990 RED on RED #566[/SIZE][/I] [I][SIZE="2"]WAZOO MEMBER[/I][/SIZE] Last edited by ZR1Vette; 03-12-2009 at 11:55 AM. |
03-12-2009 | #6 |
Join Date: Mar 2004
Location: Found Member
Posts: 4,346
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Re: !!!!! Insurance Question>>>
Try this one also Michael : http://www.americancollectors.com/
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Frank Urbo. NCM Lifetime member # 982 Registry Founding # 237 |
03-12-2009 | #7 |
Join Date: Dec 2007
Location: Reston, Virginia
Posts: 939
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Re: !!!!! Insurance Question>>>
Good info guys I am now in discussions with both American Collectors Insurance(so far extremely nice and helpful) and Infinity/Classic Collectors Insurance.
Thanks all
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Michael :cheers: [I][SIZE="2"]1990 RED on RED #566[/SIZE][/I] [I][SIZE="2"]WAZOO MEMBER[/I][/SIZE] |
03-12-2009 | #8 |
Join Date: Aug 2005
Location: Pa
Posts: 114
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Re: !!!!! Insurance Question>>>
I have Grundy ins 26k agreed value 400.00
Stated value is the lesor of stated value or acv(book) |
03-26-2009 | #9 |
Join Date: Dec 2007
Location: Fremont,Ca
Posts: 3,064
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Re: !!!!! Insurance Question>>>
Ive got Hagerty on my 91 with no problems,Ive also got Leland-West on my 64 Nova and Im getting a load of bull$hit from them right now.About a month ago my Nova got smacked by a public bus,I figured Id get my insurance to give me a hand with it so it would speed up the process,wrong.It took them 11 days to get an appraiser to look at the car,the guy drove 2 hours to estmate the damage only to find out Leland-West couldn't give me an estimate because they didn't have info on old cars,Collector insurance and they didn't have info for old cars?My problem in all this was years ago I put the value on the car at $4,000 so thats what they are going off of.The car was parked for 2 years and just got the car back on the road.The estimate is $2600 at a shop rate of $75 an hour,Leland-West wants to total the car,not gonna happen,Im getting your typical insurance run around.I thought Leland-West would take care of this and get reimbursed from the bus company.Now I get to do the insurance mambo with the bus company.Leland-West is a broker for American Modern Insurance Company.I wont be renewing my policy.The bright side in all of this,I almost took my Z out that day.
Last edited by Z51JEFF; 03-26-2009 at 02:51 PM. |
03-12-2009 | #10 |
Join Date: Jul 2007
Location: Bartlett, IL
Posts: 7,153
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Re: !!!!! Insurance Question>>>
I had a policy with Hagerty too, but decided to go the State Farm route..
I know there is a difference between agreed and stated value policies, but the book value is much higher than I paid for my 90 but Hagerty does do 1990 Corvette ( considered Exotic I think)
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1990 Corvette ZR-1 #1051 Watson Headers (2" Primary) - Flowmaster Cats - Borla Catback Late Model IH - Plenum Coilovers - 4.10s Custom Interior NCM Lifetime Member #978 |
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