American Collectors Insurance--- Strongly consider this!
02-10-16, 12:54 PM
#26
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Join Date: Feb 2005
Location: Pittsburgh, PA
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Yeah I asked my State Farm agent for clarification and they said you can only drive the car in Parades. Strictly. I asked like 3 times because it didn't make sense to me. They will not pay if it gets wrecked and you are just driving it for pleasure. Watch out. You may be paying for coverage not compatible for your usage.
I just looked up your Policy and it issued as a Private Passenger car in our Mutual (preferred) Company, with a value of $24,000. It does have the Antique Classic Endorsement so that we could value the car. You have a Low Annual Mileage Discount, but State Farm does not monitor how you use those miles.
Limits and Loss Settlement - Comprehensive Coverage and Collision Coverage.
If loss is to "your car" to which this endorsement is shown as applying on the Declarations Page... You and we agree that the actual cash value of such vehicle is the value shown for it on the Declarations Page unless :
1. such vehicle has been damaged
2. parts or equipment have been removed from the vehicle
3. such vehicle's condition has changed due to neglect or abuse
after the value for it shown on the Declaration's Page was agreed to and prior to the loss.
If loss is to "your car" to which this endorsement is shown as applying on the Declarations Page... You and we agree that the actual cash value of such vehicle is the value shown for it on the Declarations Page unless :
1. such vehicle has been damaged
2. parts or equipment have been removed from the vehicle
3. such vehicle's condition has changed due to neglect or abuse
after the value for it shown on the Declaration's Page was agreed to and prior to the loss.
So it does seem to read as though they're valuing it at an agreed-value price, unless I remove parts and such. I find it odd that State Farm mentioned the "parade, show use" stuff on their site, but I can't find any mention of specific uses in my policy at all.
02-10-16, 06:53 PM
#28
Coup D E'Tat:
Sounds like you do have agreed value.
SF must have changed their policies in recent years.
One thing I'd do is to take good pictures, with date imprints, each year to prove the continued condition of your car. It would be good to have evidence just in case that third limitation is invoked.
Sounds like you do have agreed value.
SF must have changed their policies in recent years.
One thing I'd do is to take good pictures, with date imprints, each year to prove the continued condition of your car. It would be good to have evidence just in case that third limitation is invoked.
02-15-16, 06:35 PM
#32
Just saying....
AAA Gave me $21k+ for my totalled '93, way back in 2009.
I had receipts for 99 spec stuff, and they even gave me cash for mods that came with the car when I purchased it (FMIC, intake, RB duals..)
They even gave me 50$ for black painted stock wheels.
I made the mistake of taking all the cash and not coming up with a deal on getting the car back minus some dough.
(out of curiousity I ran the VIN on carfax last year, its still out there...)
They initially wanted to pay out 14k. Just have to apply some pressure. They sent out an appraiser who made note of every mod, all my receipts, and priced accordingly.
AAA Gave me $21k+ for my totalled '93, way back in 2009.
I had receipts for 99 spec stuff, and they even gave me cash for mods that came with the car when I purchased it (FMIC, intake, RB duals..)
They even gave me 50$ for black painted stock wheels.
I made the mistake of taking all the cash and not coming up with a deal on getting the car back minus some dough.
(out of curiousity I ran the VIN on carfax last year, its still out there...)
They initially wanted to pay out 14k. Just have to apply some pressure. They sent out an appraiser who made note of every mod, all my receipts, and priced accordingly.
Last edited by 00SPEC; 02-15-16 at 06:37 PM.
03-01-16, 09:10 PM
#33
Even if your past-warranty main transportation is in the shop, and there's no loaner, I can't see a policy holder opting to use their old muscle car/250 GTO/new exotic, or even mint FD to park somewhere (like work or Home Depot) unattended. Logically, one would just stay home or find alternate means or wait til the daily is fixed.
05-28-17, 09:57 AM
#38
Original Gangster/Rotary!
Thread Starter
iTrader: (213)
Based on my original experience getting a quote with Hagerty, they were inflexible and difficult and lost my business many years ago.
I recently dealt with Tanya Lang in American Collectors Sales department at extension 3218 recently and she was very helpful if you're looking for a specific personal to deal with
I recently dealt with Tanya Lang in American Collectors Sales department at extension 3218 recently and she was very helpful if you're looking for a specific personal to deal with
06-02-17, 01:23 AM
#39
Senior Member
07-19-17, 11:02 PM
#40
Got a quote from them about 9 months ago but they wouldn't value the car for 32k. Called them a few days ago, and they were surprised their research showed values in the 30-40k and had no problem with 32k, didn't even need the receipts for the engine rebuild.
Can't remember who I was speaking with but I would recommend.
Can't remember who I was speaking with but I would recommend.
07-24-17, 07:38 AM
#44
Call Hagerty. My experience has been great. Done on-line with a couple of of pictures. Follow-up call from an agent. Less expensive, few restrictions with better or no deductibles. On a subsequent broken WS comp claim I had a check in the mail in two days...before I could even get the. car scheduled in.
Just had a free tow claim on my antique car that was painless too.
Just had a free tow claim on my antique car that was painless too.
07-26-17, 02:03 PM
#46
^ good point. I'm also interested in hearing what everyone's experience has been.
I've had 2 total loss claim with Geico, almost 3 and it's been a pretty good experience.
I thought they were going to shaft me on my recent FD claim but everything worked out.
I've had 2 total loss claim with Geico, almost 3 and it's been a pretty good experience.
I thought they were going to shaft me on my recent FD claim but everything worked out.
07-27-17, 11:59 PM
#47
Rotary Enthusiast
Does anyone know if they have any restrictions on use of the car? The only miles the car sees are car meets/shows and racing such as autox and track days. I don't expect the car to be covered during an open track day such as Sebring but will it be covered during autox or Drag strip? I ask because I have USAA currently and they will cover Autox and Drag strip accidents but I know plenty of others won't. I plan on calling later next week to get more information but was curious if anyone had personal experience in these situations.
07-29-17, 12:05 PM
#48
I went through USAA to get American Collectors Ins...they do have restrictions, one being garbage kept. Give them a call and ask them all the questions.
Does anyone know if they have any restrictions on use of the car? The only miles the car sees are car meets/shows and racing such as autox and track days. I don't expect the car to be covered during an open track day such as Sebring but will it be covered during autox or Drag strip? I ask because I have USAA currently and they will cover Autox and Drag strip accidents but I know plenty of others won't. I plan on calling later next week to get more information but was curious if anyone had personal experience in these situations.
08-26-17, 11:55 AM
#49
Original Gangster/Rotary!
Thread Starter
iTrader: (213)
Not sure if I mentioned this, but American Collector's also is insuring my NB Miata for like $10 per month.... this with a nice hefty agreed on value of $7000. Yes, you read that right, it's almost like free insurance 
08-26-17, 11:57 AM
#50
Original Gangster/Rotary!
Thread Starter
iTrader: (213)
You can't go wrong in my experience
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Montego (08-28-17)