Thread: Insurance

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Originally Posted by Matt167

There are a few companies that insure people 18 and older with classic cars, but those policy's have pretty heavy mileage restrictions.. most under 4,000 miles for there 'best' policy..


also, with regular insurance companies. engine size is not listed on a policy, only # of cylinders.. '49 Olds could have came with a rocket V8.. if they ask, just tell them V8, that should be good enough for them.. if not, go ahead and tell them 455, it shouldn't hurt you as they can only program "V8" into the policy listing, but possibly, they could make a special note in the policy

That is not exactly correct information:

As an insurance agent myself.....
Our policy has a 7,000 mile year limit. It requires you to have a separate daily driver.

PLEASE do not conceal ANYTHING about your car to the insurance company, whoever you decide to go with. As mentioned twice above, if you do and you have a accident or a claim, I assure you someone will come look at your car. If is ANYTHING is other than what you stated as YOUR WARRANTY the claim will be void and the policy will immediately be canceled.

You will not be able to find any coverage anywhere, (read that twice) once you have been canceled for misrepresentation of the vehicle.

OK,
Those are the facts of what will happen if you don't tell everything exactly like it should be. Here are the benefits:

If you do have a claim, someone will come and see the car, period, That is a given. The claims adjuster will look at the car and the damage. Look at what you told them the car was, ITEM BY ITEM.

If the car is as stated, the claims adjuster will proceed with the adjustment and settlement of the claim. There will be no "Oh Chit" moments.

The more and better information you provide, the better the insurance company will be able to rate the car. The better the car is rated the less problems there will be if there is a claim.

If you tell the insurance company you have a slant six, and you actually have a Blown 454 and you have a claim, you should EXPECT problems. (maybe legally as well)