Insuring a TR?

I always used regular insurance, Statefarm, the only special thing I did was limited mileage at 2,500 a year.

 

J. C. Taylor is the best I have found. I have 7 collector cars with them. Very good prices. "If you have a clean driving history". You must prove that the T/R is not your every day driver.

 

Go with a carrier that will allow an agreed value. This way if something happens you are covered. Using your regular everyday car insurance is not smart. Remember. Agreed value. Sometimes if your asking for high agreed value meaning more the norm they will request you get an appraisal. It's easy and the only way to insure your Ferrari.

Companies that have agreed value:

Chubb
Usaa
Ace private risk
Chartis private client group
Hagerty
Grundy

Just to name a few.

R

 

Smartin up. Get a agreed upon value policy. Does not matter how long you have State Farm. God forbid something happens and the car is totaled your gonna get it in the ass. Find a number that will satisfy you. Having a 512 tr the values are up and down. If you have a low mileage example I would get agreed value bet 100 to 125k. Maybe more depending on condition. Cover yourself.

R

 

Hagerty all the way for me. I have agreed value. Best there is. You never know how good your insurance is until you need them. When I had my mondial I got a fist sized dent in the rear quarter panel from an inattentive driver in a parking lot. There is a thread somewhere on here about it. I took it to the finest ferrari authorized facility in the country IMHO and asked that they massage the panel by hand and rework it without using bondo or filler.I'm talking a ferrari GTO level repair. They had their artisans rebuild the panel by hand. Hagerty did not blush at the estimate of $11k to fix the dent the right way.

 

I have been using Grundy for 7 years. Have not had to use them as yet but their reputation is golden by all reports. The price is very good and limitations are minimal. Really only it can't be your everyday car and it must be in a secured garage. They even understand that you may want to take the car to work or on errands occasionally. You do have to provide a copy of your driving record. I have shopped others and found them all to be similar. Make sure you understand all limitations/restrictions on the policy before buying!

I agree with Robbie. Make sure it is an agreed value policy. As long as you are within reason on your value there is no appraisal needed.

CC

 

In Canada I'm using insurance company specialized in collector cars. Can only drive 5000km per year and should not go to work with it.

 

may i please ask here a may be silly question:

from what kind of insurance you are all talking about?

here in germany we have 3 different kinds:

1st and a legal must for all is the liability insurance. this only pays the harm from other what your car has made.

2nd is only an option, not a must. it is called partially comprehensive cover and this will pay for examople when your car was burning, glas damage, stolen car, sometimes also hail
damage. for this insurance you may choose also a deductible.

3rd: this is called here fully comprehensive cover and it will pay all harm on your own car, if guilty or not. here you may choose again a deductible.

but 2nd and 3rd is not a must here

 

Same overhere Romano !

My F has nr 1 + nr 3 ! But a guy from the Insurance company comes every 2 years here to value the car ...

 

Same here too. But the company for collector car does not offer any option its the total deal or nothing. Agreed value from a professionally appraised.

 

Romano,

In Pennsylvania, you are only required #1. But If your car is damaged you are responsible for out of pocket expenses. That is why I use agreed value collectors,(limited use insurance).



Ago

 

I have agreed value through State Farm on my regular policy with no mileage limit per se, just have car listed as pleasure vehicle. 7500 seems to be the top end for "pleasure vehicle" mileage.

 

Excellent.. now your cooking with bacon my brother..

R

 

Check your liability limits. The most you likely have with Hagerty is $100,000. Be sure to coordinate your personal umbrella so that when you slam into an Enzo driven by an aspiring young surgeon, you don't go bankrupt.

 

I am with Allstate and they have covered me well.

 

I'm impressed Blake, mine is only covered for its worth

P

 

Yes, but are your Hagerty polices scheduled on your umbrella? You would be surprised at how many forget to take this step. If an underlying policy is not scheduled, there is no excess coverage from the umbrella.

 

I have some of my cars with State Farm, on their collector car policies, with agreed value. They offer 2 mileage limits, 2500 miles per years, and for a little more money, 7500 miles per year.

 

I have all my collector cars and bikes with American Modern, brokered through Classic Automobile Insurance Agency. Agreed value, very happy with them.

 

Robbie and the others are right, go agreed value. I went with Grundy, but I heard Hagerty and the others are also good. Mine also will flatbed the car to any place I want, so if I was several 1000 miles away they don't just take it to the local whatever-place.

Romano,
We have the same system as in Germany: Haftpflicht, Teilkasko, Vollkasko. The latter 2 are optional, except if you finance the car the finance company makes you get Vollkasko.