Insurance Question

[Brian Crombie]

Greetings all,
I have a running/swimming Amphicar insured through Hagerty. I have a second Amphicar that is approximately 60% complete yet Hagerty will not insure an incomplete car. Do any of you carry insurance on an incomplete car and if so who is your insurance through? Frankly I think its not how Hagerty or any other insurance carrier should be treating me. I've got a lot of money invested in the car and I veiw that as X amount of value which they should be happy to insure.

Thanks in advance for any information/comments.

Brian Crombie
Faribault, Mn.

 

[Ron Green]

I know a few that use the restoration policy feature to protect their works in progress.

Unsure why Hagerty won't protect you as long as it is inside and locked up? You need to tell them you are restoring it no matter how many years it may take.

http://www.hagerty.com/Auto/vehicle_features.aspx

 

[Larry DePasquale]

Hagerty just insured my two project Amphies. I told them the amount I had invested and they added them to the policy for that much.

Larry in Ohio
White 66


----- Original Message ----
From: Ron Green <>
To: larrydepasquale@yahoo.com
Sent: Friday, April 25, 2008 3:43:02 PM
Subject: RE: [General Amphicar Discussion-t-19964] Re: Insurance Question


I know a few that use the restoration policy feature to protect their works in progress.

Unsure why Hagerty won't protect you as long as it is inside and locked up? You need to tell them you are restoring it no matter how many years it may take.

http://www.hagerty.com/Auto/vehicle_features.aspx





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[Brian Crombie]

Ron,
There it is right in the link you sent. "Restoration Coverage". I was told by my local agent that Hagerty did not have that option. I take back all the bad thoughts about them and will dump them on my agent.
Thanks a ton!

Brian


To: bad.dogg@hotmail.comSubject: RE: [General Amphicar Discussion-t-19964] Re: Insurance QuestionDate: Fri, 25 Apr 2008 15:43:02 -0400From:



I know a few that use the restoration policy feature to protect their works in progress. Unsure why Hagerty won't protect you as long as it is inside and locked up? You need to tell them you are restoring it no matter how many years it may take.http://www.hagerty.com/Auto/vehicle_features.aspx

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[EricM]

I think the point of have a seperate policy for restoration is to
adjust the agreed value of the car over time. 50% into a restoration
if its totaled isn't the same as being totaled when fully restored.

Eric M
Chicago




On Apr 25, 2008, at 2:43 PM, Ron Green wrote:

> I know a few that use the restoration policy feature to protect
> their works in progress.
>
> Unsure why Hagerty won't protect you as long as it is inside and
> locked up? You need to tell them you are restoring it no matter how
> many years it may take.
>
> http://www.hagerty.com/Auto/vehicle_features.aspx
>
>

 

[SplitPersonality]

Re Hagerty insurance, for what it is worth, I have all of my antique car
insurance with Hagerty and have had for about 10 years ever since I encountered
the same kind of problem referred to in this thread - that is when the heirs
to the J.C.Taylor company were unwilling to insure an unfinished vehicle for
me which I found hard to believe.. For 15 or 20 years, I had utilized J.C.
Taylor for my insurance needs and in fact, during that period, I don't remember
ever having any claims. The owner of the company was a very genial gentleman
named Robert ( "Bob" ) Wallace and was very reasonable and in my view
sensible about such situations as we are referring to here. However, Bob Wallace
passed away several years ago and I, too, encountered the same unrealistic
mindset from his offspring who I believe now run the company. I personally met
Frank and Louise Hagerty about that time and discussed various things with them
and concluded that they did view the insurance situation in a sensible and
appropriate way and changed over to them. I would think that one way of
attacking this problem, though it may be too late for you to use this approach,
would be to simply insure the unfinished vehicle for comprehensive alone for a
value you can live with and not admit to its unfinished status. Of course, if
a photograph of the vehicle discloses its actual status straight away, then
I am out of answers. Frank and Louise have largely retired and I, too, have
encountered some minor problems with their company which is now run by their
children. So far, things seem workable, but if things go downhill at some
point, I may find myself in the same predicament as you are in. Victor N.
near Daytona



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[inaintheboro]

I am surprised to read your note. My insurance is with Hagerty & I'm sure I got insurance with them before my Amphicar was 'swimable'. I know I didn't worry about insurance when it was still in the early stages but I know I purchased insurance after I spent over many thousands of dollars (decided not to put an amount) for rebuilding. Have you asked to speak to a supervisor? Ina
----- Original Message -----
From: Brian Crombie
To: ribcab@verizon.net
Sent: Friday, April 25, 2008 3:15 PM
Subject: [General Amphicar Discussion-t-19964] Insurance Question


Greetings all,
I have a running/swimming Amphicar insured through Hagerty. I have a second Amphicar that is approximately 60% complete yet Hagerty will not insure an incomplete car. Do any of you carry insurance on an incomplete car and if so who is your insurance through? Frankly I think its not how Hagerty or any other insurance carrier should be treating me. I've got a lot of money invested in the car and I veiw that as X amount of value which they should be happy to insure.

Thanks in advance for any information/comments.

Brian Crombie
Faribault, Mn.