<VV> Re: insurance question (not Corvair specific)

[Dennis & Debbie PLEAU]

My plan with the Greenbrier I just bought is to insure it for liability only and take it on my sabbatical and end up at the convention and then get full coverage collectors insurance and lock it in my barn when I get home. I expect to put 10K miles on it during June and July.

dp

  ----- Original Message ----- 
  From: Gary Swiatowy<mailto:garyswiatowy at summitlubricants.com> 
  To: virtualvairs at corvair.org<mailto:virtualvairs at corvair.org> 
  Sent: Friday, March 17, 2006 5:21 AM
  Subject: <VV> Re: insurance question (not Corvair specific)


  To the best of my knowledge the Collector car policies DO NOT offer coverage 
  for "Daily driver" status. And if the car is stolen from your driveway and 
  it is discovered it was not "garaged", then it may not be covered. Collector 
  policies generally state that the car must be garaged, and technically you 
  agree to that when purchasing the policy. As well as agreeing to driving 
  limitations etc......

  Most regular car policies will certainly agree to insure your 66 Corvair, 
  including theft and collision. But if the car is totalled you will find that 
  even though they charged you for coverage, they will only pay to their idea 
  of what the car is worth. Usually in the $500-$1500 range........blue book 
  value.
  If they actually did insure a Corvair Daily Driver for say 
  $20,000.............then they should charge you the same for it as they 
  would for a new car in that value range..............and depending where you 
  live that could be $400 to over $1000 just for the comp and collision for a 
  year.
  The whole "deal" about the collector car coverage is that it is really a 
  sweet deal for the insurance companies as in truth they seldom have to pay 
  out as collectors take good care of their cars, and rarely drive them.

  If you do find a company that gives you a deal on a daily driver collector 
  car with an agreed value................let us know!
  Gary Swiatowy