[alfa] Re: alfa-digest V10 #177

[George Graves <gmgraves@xxxxxxxxxxx>]

You need to look into "collector-car" insurance. I'm with Grundy 
Worldwide and they do what they call "agreed value" valuation. Their 
rules are pretty loose, too. No driving the car to work, no car 
unrelated errands, no using the car when your other vehicle(s) are in 
the shop. OTOH, there are no milage restrictions but you must own a 
'daily driver' in good working order (they prefer a car less than 5 
years old for this requirement, but it doesn't seem to be a hard and 
fast rule). I can take the car out for a pleasure drive anytime I want 
to, and of course, I'm covered for all club and marque-related events.

My 1986 GTV-6 has an agreed value of $12,000, and I pay $112/year for 
full comprehensive and collision/theft up to the agreed value. If you 
spend a lot of money upgrading your car, you can always go back and 
re-negotiate the agreed value. I think it's a GREAT deal especially 
since my daily-driver (2003 VW Turbo GT-I) costs me close to $800/year 
to insure.

George Graves
'86 GTV-6 3.0 'S'



On Jun 24, 2004, at 4:14 PM, alfa-digest wrote:

> Date: Thu, 24 Jun 2004 09:44:57 -0400
> From: john.reeve@domain.elided
> Subject: [alfa] Insurance
>
> Hey all,
> I've got a question for you all.  Sorry for anyone on the GTV6.org 
> forum
> this is redundant but anyhow.  Anyone with a GTV-6, what type of 
> insurance
> do you use? I'm doing a little research and trying to find a decent 
> priced
> insurance for comprehensive and collision. I have got a great rate from
> Geico, but they will only pay up to the Blue Book value of the car. So 
> they
> would probably "total" the car if anything happened. How much do you 
> guys
> pay for collectors or "hot rod" insurance for 6 months with collision 
> and
> comprehensive? I'm looking for a deductible for around 500-1000$. 
> After all
> the time and money I've put into a restoration I'd hate to get hit and 
> be
> screwed. Any suggestions?
>
> Rob
> 84 GT V-6
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