Insurance - The 1947 - Present Chevrolet & GMC Truck Message Board Network

**gregfull** · 11-09-2005, 03:37 PM

I need some feedback on this one. I need to insure the suburban I'm building for more than blue book value. It's not complete yet though. Does anyone know of a company that will insure vehicles that are in process and not finished yet? I'd hate for something to happen to it and only get blue book for it after I've invested $$$$$$$$$$$. Thanks in advance for the help.

svgould · 11-09-2005, 06:40 PM

Try hagerty.com. I just insured my unfinished truck with them and it was less than $200/year for full coverage. This is for a stated value insurance. Only stipulations are that you have it in a locked garage and can only drive it to car shows, club events, etc. Hope this helps

VinceY · 11-09-2005, 06:55 PM

Quote:

Originally Posted by svgould

Try hagerty.com. I just insured my unfinished truck with them and it was less than $200/year for full coverage. This is for a stated value insurance. Only stipulations are that you have it in a locked garage and can only drive it to car shows, club events, etc. Hope this helps

Usually this is called antique insurance. You will need lots of pics if you are not having an appraisal done. Not sure what the minimum charge is but I pay $170 CND for my truck appraised at $17,000. Another buddy pays $250CDN for his car appraised at $25,000. Looks like $10 per $1000 of insured value.
Same stipulations as listed above.

67Fleet · 11-09-2005, 07:08 PM

That's how I have my 67 insured. Can't drive it more than 2,500 mi./yr and cannot drive it to work, or on a regular basis. It has to be in a locked garage like mentioned and I pay about $150-/yr. Next year I can re-submit to insure it for the value I tell them, but for this year I needed to insure it for the purchase price since I just bought it.

5150 · 11-09-2005, 07:18 PM

Check with Luv2xclr8-He's got GQ isured for like $18 a year or something like that until he gets done with it.

**Zonaman** · 11-09-2005, 08:22 PM

Well then, I should be a fellow you'd want to keep in touch with. Last Friday, I managed to incur over $4,000.00 in damages to my '69 I keep it as a daily driver and used to insure it for a "stated value"- $14,500.00 . I insured it with MetLife for a for about $700.00 (full coverage) a year here in Phoenix. That means it starts out worth that much and depreciates from there. I recently switched agents and under his advice, didn't use stated value. We did however, keep a copy of the appraisal and photos on file. I am currently waiting for my insurance comapny, Hartford, to respond to the repair estimate. If you like, I'll keep you posted via pm. Meanwhile, I would suggest you employ the services of a qualified appraiser and take the appraisal to an insurance agent you trust.

byrd · 11-09-2005, 10:37 PM

I have progressive and they have a deal called GARAGED insurance. Meaning it isn't being driven, just garaged and protects against fire, theft,vandilizim(sp), tree falling on garage ect... and the best part it is dirt cheap!! I don't really drive my 69 and just asked what I could do and they told me about this plan and simply asked how much I wanted to insure it for, and that was that. I know your home owners should cover anything in your garage, but they will for sure want an appraisel and pics and of course more $$$ my .02

Brad · 11-09-2005, 11:38 PM

Zonaman, could you keep us all informed in a separate thread. I think there are ALOT of people interested in a situation like this where an insurance company has to pay up. I've been with USAA for almost 20 years and have yet to file a claim, but would like to know how an insurance co is going to treat a truck like ours.

Quote:

Originally Posted by Zonaman

Well then, I should be a fellow you'd want to keep in touch with. Last Friday, I managed to incur over $4,000.00 in damages to my '69 I keep it as a daily driver and used to insure it for a "stated value"- $14,500.00 . I insured it with MetLife for a for about $700.00 (full coverage) a year here in Phoenix. That means it starts out worth that much and depreciates from there. I recently switched agents and under his advice, didn't use stated value. We did however, keep a copy of the appraisal and photos on file. I am currently waiting for my insurance comapny, Hartford, to respond to the repair estimate. If you like, I'll keep you posted via pm. Meanwhile, I would suggest you employ the services of a qualified appraiser and take the appraisal to an insurance agent you trust.

extd56 · 11-10-2005, 12:01 AM

My homeowners insurance (AAA) does not cover a car in the garage unless it is a project in parts. They told me I had to get car insurance to cover my cars in the garage. I had a friend that had his 1970 Monte Carlo that had been restored but was not driven and not insured and when the house caught on fire and his car burned up in the garage the insurance would not cover his car. Just my .02 but getting coverage from a company like Haggerty for your project is cheap and they are great to work with when you have a claim, no hassle at all.

**Zonaman** · 11-10-2005, 04:43 PM

Quote:

Originally Posted by Brad

Zonaman, could you keep us all informed in a separate thread. I think there are ALOT of people interested in a situation like this where an insurance company has to pay up. I've been with USAA for almost 20 years and have yet to file a claim, but would like to know how an insurance co is going to treat a truck like ours.

I will. In fact I described the accident in a recent post http://67-72chevytrucks.com/vboard/s...d.php?t=179136 I'll post up to that one again when I've heard from them.

67Fleet · 11-10-2005, 09:18 PM

Quote:

Originally Posted by Brad

Zonaman, could you keep us all informed in a separate thread. I think there are ALOT of people interested in a situation like this where an insurance company has to pay up. I've been with USAA for almost 20 years and have yet to file a claim, but would like to know how an insurance co is going to treat a truck like ours.

I've got my cars insured with USAA and my 67 is insured with a sister company of theirs. I've NEVER had a problem with USAA when I needed their help. Pretty much no questions asked, they come out and cut a check within 24hours.

**Zonaman** · 11-10-2005, 10:49 PM

Quote:

Originally Posted by 67Fleet

I've got my cars insured with USAA and my 67 is insured with a sister company of theirs. I've NEVER had a problem with USAA when I needed their help. Pretty much no questions asked, they come out and cut a check within 24hours.

Happy Veteran's Day and thanks to all the vets out there. I'm a civilian, past & present so I'm not able to take advantage of USAA. I feel I have a pretty strong hand with my vehicle. It was professionally appraised in March of 2004 as a "2.0 fine". I've added a vintage air system and a 700r4 tranny less than a year ago. The insurance comapny needs to be convinced that it is worth more than the repairs which are going to between 4-5 thousand. I think that may require some negociating on my part and I'm currently getting advice from some attorneys. Still, you can never tell how these things will go. I've yet to find an isurance company that will flat out insure an everyday driver that's had a lot of money sunk into it for what it's worth- no questions asked. Does that sister comapny take non-vets?

AKChevyman · 11-11-2005, 10:14 AM

I have to say that Hagerty insurance is pretty good I have 35k of insurance together on my two and it only costs me $274 a year now they don't cover tow rigs and they don't cover daily drivers like stated above but I have always thought if I plan on driving it for a daily driver then I will just add more insurace from some other company. So that I know I am covered in case of an accident I guess it would be like having two life insurance policies on them. but that is just my .02 hope everything works out for your Zonaman

Tx Firefighter · 11-11-2005, 11:03 AM

I use Hagerty for all my old stuff. They never ask for any odometer readings, so I don't know how they'd technically know if a fellow was daily driving it or not.

All they ask for is three pictures via email when you establish the policy and that you do keep it in a locked garage at nights.

**gregfull** · 11-11-2005, 11:38 AM

Thanks for all the replies! I'll give Hagerty a call.

Thanks again.

**Zonaman** · 11-14-2005, 01:10 PM

Quote:

Originally Posted by Tx Firefighter

I use Hagerty for all my old stuff. They never ask for any odometer readings, so I don't know how they'd technically know if a fellow was daily driving it or not.

All they ask for is three pictures via email when you establish the policy and that you do keep it in a locked garage at nights.

No odometer reading? They're nuts!

Anybody out there ever have a claim with Hagerty?

11-09-2005, 03:37 PM	#1
gregfull Registered User Join Date: Jan 2004 Location: Richmond, Texas Posts: 598	Insurance I need some feedback on this one. I need to insure the suburban I'm building for more than blue book value. It's not complete yet though. Does anyone know of a company that will insure vehicles that are in process and not finished yet? I'd hate for something to happen to it and only get blue book for it after I've invested $$$$$$$$$$$. Thanks in advance for the help. __________________ My Suburban Project 72 Suburban 68 SWB 57 Belair 55 Cameo 06 Chevy 1/2 ton crew 09 Suburban

11-09-2005, 06:40 PM	#2
svgould Active Member Join Date: Jul 2003 Location: Boise Idaho Posts: 296	Re: Insurance Try hagerty.com. I just insured my unfinished truck with them and it was less than $200/year for full coverage. This is for a stated value insurance. Only stipulations are that you have it in a locked garage and can only drive it to car shows, club events, etc. Hope this helps __________________ 1971 SWB SOLD LT1 motor / 4l60E transmission ECE front dropped spindles with stock height springs 4" rear springs Coys Wheels 18 x 8 all the way around Hydratech hydroboost brake system

11-09-2005, 07:08 PM	#4
67Fleet Outlandish Trends - FL Join Date: Jul 2005 Location: Orlando Posts: 1,396	Re: Insurance That's how I have my 67 insured. Can't drive it more than 2,500 mi./yr and cannot drive it to work, or on a regular basis. It has to be in a locked garage like mentioned and I pay about $150-/yr. Next year I can re-submit to insure it for the value I tell them, but for this year I needed to insure it for the purchase price since I just bought it. __________________ -Bret 67 short-fleet sold!

11-09-2005, 07:18 PM	#5
5150 C10 Club Tennessee Join Date: Mar 2003 Location: White House, TN 37188 Posts: 8,281	Re: Insurance Check with Luv2xclr8-He's got GQ isured for like $18 a year or something like that until he gets done with it. __________________ Bryan www.gmtruckshow.com Project "Andes"-Halen's First Truck Project: Patina Burb for he is God’s servant for your good. But if you do wrong, be afraid, for he does not bear the sword in vain. For he is the servant of God, an avenger who carries out God’s wrath on the wrongdoer. Romans 13:4

11-09-2005, 08:22 PM	#6
Zonaman Senior Member Join Date: May 2004 Location: Chandler, AZ Posts: 517	Re: Insurance Well then, I should be a fellow you'd want to keep in touch with. Last Friday, I managed to incur over $4,000.00 in damages to my '69 I keep it as a daily driver and used to insure it for a "stated value"- $14,500.00 . I insured it with MetLife for a for about $700.00 (full coverage) a year here in Phoenix. That means it starts out worth that much and depreciates from there. I recently switched agents and under his advice, didn't use stated value. We did however, keep a copy of the appraisal and photos on file. I am currently waiting for my insurance comapny, Hartford, to respond to the repair estimate. If you like, I'll keep you posted via pm. Meanwhile, I would suggest you employ the services of a qualified appraiser and take the appraisal to an insurance agent you trust. __________________ 69 C-10 LWB, 350, 700r4, 3.73 posi-traction, front disc brakes. Built for the desert- She can take the heat! Vivat Rex Chevus! Last edited by Zonaman; 11-09-2005 at 08:26 PM.

11-10-2005, 12:01 AM	#9
extd56 Senior Member Join Date: Nov 2004 Location: Vacaville, CA Posts: 2,272	Re: Insurance My homeowners insurance (AAA) does not cover a car in the garage unless it is a project in parts. They told me I had to get car insurance to cover my cars in the garage. I had a friend that had his 1970 Monte Carlo that had been restored but was not driven and not insured and when the house caught on fire and his car burned up in the garage the insurance would not cover his car. Just my .02 but getting coverage from a company like Haggerty for your project is cheap and they are great to work with when you have a claim, no hassle at all.

11-11-2005, 10:14 AM	#13
AKChevyman Chevy Forever Join Date: Jun 2005 Location: Dalzell SC Posts: 314	Re: Insurance I have to say that Hagerty insurance is pretty good I have 35k of insurance together on my two and it only costs me $274 a year now they don't cover tow rigs and they don't cover daily drivers like stated above but I have always thought if I plan on driving it for a daily driver then I will just add more insurace from some other company. So that I know I am covered in case of an accident I guess it would be like having two life insurance policies on them. but that is just my .02 hope everything works out for your Zonaman __________________ My first love 1971 C20 Hugger orange Getting face lift and heart transplant .30 402 BB /TH400 and GV Wifes car 1969 Chevelle SS 396 325hp/TH400 Factroy A/C Automatic w/ Floor shift console. restored.

11-11-2005, 11:03 AM	#14
Tx Firefighter Watch out for your cornhole ! Join Date: Jun 2003 Location: Azle, Texas Posts: 14,162	Re: Insurance I use Hagerty for all my old stuff. They never ask for any odometer readings, so I don't know how they'd technically know if a fellow was daily driving it or not. All they ask for is three pictures via email when you establish the policy and that you do keep it in a locked garage at nights. __________________ I'm on the Instagram- @Gearhead_Kevin

11-11-2005, 11:38 AM	#15
gregfull Registered User Join Date: Jan 2004 Location: Richmond, Texas Posts: 598	Re: Insurance Thanks for all the replies! I'll give Hagerty a call. Thanks again. __________________ My Suburban Project 72 Suburban 68 SWB 57 Belair 55 Cameo 06 Chevy 1/2 ton crew 09 Suburban



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