A question on insurance...
 

I read with great sadness the recent threads concerning crunched 7's (https://www.rx7club.com/forum/showth...hreadid=132393 and https://www.rx7club.com/forum/showth...hreadid=132745) and offer my condolences to the owners. But it emphasizes a question that's recently been on my mind: that of insuring a restored 7.

After getting the hail dents and bumps on my '84 SE ironed out and the beautiful new paint job, I upgraded my insurance to Full Comprehensive in an attempt to protect at least part of my investment. And "part of my investment" turns out to be ALL I'm protecting.
Seems the insurance people don't care how much you've spent on the car, only what the "Blue Book" sez. And it sez suggested retail for a fully reconditioned 1984 RX-7 GSL-SE with only 78,000 miles and all the "goodies" (AC, pwr wndws, etc) is... IS... just $2,220!!! Damn, my paint job cost more than that! Edmund.com sez: "$1,718 Trade-In", "$2,294 Private Party", and "$3,253 Dealer Retail" So... what to do? Allstate tells me I can get my car appraised and then insure it for the appraised amount. Of course, I'll pay a additional premium for that.
I have a little over $3,700 invested in restoring my car - and I'm not finished. I know many of you have much, much more invested. So, how are you handling the insurance end of things. Anybody gone the "car appraisal" route, and if so, what have your experiences been?

PM Manntis he has done the apprasal thing and has needed to use his insurance a few times

peace

Re: A question on insurance...
 

this is just one of the reasons why these sons of bitches MUST be killed! i hate them with a passion that very few can understand.

you pay these pieces-o-sh*t all the money they demand for them to cover you in the event that something happens. you can go for 10 years without any event, and then ... BOOM ... something happens. then they automatically blame you, resist paying for it, charge you more after they do, and mar your name for 18 months!

sorry for the rant there ... it's a touchy subject with me. i don't know what to tell you other than, yes, manntis may be able to shed some light on this for you. however, do keep in mind that he is in Canada, and i suspect that they may be slightly less crooked there - though, that's totally my own speculation. there has to be a loophole somewhere that won't require you to drive your car any less than you want to.

Re: Re: A question on insurance...
 

I'm with Nationwide and they allow one accident every three years. An excerpt from their pamphlet:

"First Accident Forgiveness

The first accident will be waived and no additional charge applied if the driver and vehicle are free of a chargeable accident for the preceding three years and the policy has been in force with no lapse in coverage for more than five years at the time of the accident."

I guess they figure by the time five years has passed they have enough of your money to pay for it :)

ive found allstate ins co to be the best for me! nomatter om accidents theft , or just a broken windshild...ther good to me i guess...and cheap to!