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01-21-2009, 04:03 AM | #1 |
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Update...Insuring your truck...a note of caution.
http://www.grundy.com/
http://www.hagerty.com/ I called the above companies to get rates and they had really good rates but...A couple of things you need to know... 1) Both companies said no hauling. If I wanted to haul mulch and I had a wreck its possible the insurance would not cover my truck. 2) Running errands are not allowed and my truck canot to be used as a back up. *If I was using my truck as a back up and had a fender bender-my insurance may not cover my trucks damage *If I was using my truck to run errands and I had a wreck and I got into a fender bender-the insurance might not cover me. These cconditions were on a separate form that I would have to sign... stating my truck would not be used to run errands or as a back up vehicles. My present insurance company will insure up to $24,000 but it does not have restrictions and will cost me about $100 more a year. To me I am not willing to risk having an accident and not being covered because I ran to the parts store to pick up parts. Oh yes...I could fight it but who do you think has deeper pockets to contest a fender bender under these circumstances. Just thought I would pass this info on to you.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 10-05-2009 at 10:53 AM. |
01-21-2009, 04:09 AM | #2 |
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Re: Insuring your truck...a note of caution. FYI
thANKS WHAT GOOD IS THE TRUCK IF YOU CANT SEE IT AS YOU SEE FIT NO ERRANDS THATS JUST A WAY TO GET OUT OF PAYING WHAT IF YOU HAD A LETTER ON YOUR DASH YOU USED THE TRUCK TO GO TO THE POST OFFICE AND THEIR NOT RESPONSIBLE SOUNDS THEY ONLY WANT TO COVER IT FROM THEFT THANKS FOR THE FYI
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01-21-2009, 04:55 AM | #3 |
The Early Chevy Van Man
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Re: Insuring your truck...a note of caution. FYI
Yeah I decided NOT to go with haggerty for this same reason
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01-21-2009, 06:04 AM | #4 |
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Re: Insuring your truck...a note of caution. FYI
Most insurance company's like this have these little condiitions so you have to only say it's a show vehicle.
I pay the full amount and don't worry about it. I pick and choose when I drive mine.
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01-21-2009, 08:20 AM | #5 |
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Re: Insuring your truck...a note of caution. FYI
Go with this company www.heacockclassic.com the only restriction is that I could only drive it 3k miles a year which for me is plentyfull since my truck is just a weekend toy and it sits weeks at a time. It is insured for 30k and it costs me $190.00 a year if I remember correctly.
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01-21-2009, 08:26 AM | #6 |
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Re: Insuring your truck...a note of caution. FYI
Who handles your insurance 70CST?
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01-21-2009, 09:13 AM | #7 |
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Re: Insuring your truck...a note of caution. FYI
Warner Insurance out of Arcanum Ohio...As far as the carrier I will have to fond out. The only down side is my truck is only insured for $24k and I wanted it to be covered for $30K but I can drive it as I please with no retrictions. They did say keep the yearly milage under 3,000 miles which will not be an issue. I will get home Friday or Sat. this week. I will see who the carrrier is.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 01-21-2009 at 09:14 AM. |
01-21-2009, 11:52 AM | #8 |
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Re: Insuring your truck...a note of caution. FYI
Those aren't insurance companies, those are scam artists! They have enough loopholes in their wording that they could get out of paying almost any claim. Pay the extra $100 a year for real insurance. My .02
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01-21-2009, 12:38 PM | #9 |
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Re: Insuring your truck...a note of caution. FYI
I have Hagerty at $20K on my truck, and it's about $250-300/yr. It's not just errands, but you can't drive to work either. If I recall correctly, a policy like Hagerty or Grundy is a TRUE full value replacement for amount insured, no questions asked whereas "stated value" policies don't necessarily pay out your stated value (they will depreciate and comp your truck like a normal policy, even if you have a stated value on record).
There are some good threads here somewhere on this from those with experience filing claims. I just know that Hagerty pays with little or no hassle. Lose your truck, get a check. BUT, if I can get a better premium with less restrictions than I'm all ears. I'm going to check out the company that Big_Al_71 mentioned. That's a smoking deal especially for Miami! We used to live there and we moved from Miami-Dade to Broward in the same month I turned 25. My regular car insurance was cut by around 30%. A couple years later we left the state and it was cut again by 30%. AHHH, the fun of South Florida. EDIT: Aha, found the link I was thinking of right under my nose in FAQ. Thank you Zonaman: http://67-72chevytrucks.com/vboard/s...d.php?t=185660
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Last edited by LEEVON; 01-21-2009 at 12:53 PM. |
01-21-2009, 12:53 PM | #10 | |
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Re: Insuring your truck...a note of caution. FYI
Quote:
im pretty sure you have EMC insurance, cause it was the same thing they stuck me with when i got my own vehicle, i have sense changed to cincinatti insurance company..but im almost possitive u have EMC http://www.emcins.com/
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01-21-2009, 01:02 PM | #11 |
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Re: Insuring your truck...a note of caution. FYI
If you guys don't mind saying, how old are you? I'm 23 and the way my truck is insured is they take the original MSRP from 67, apply depreciation to it, and that is the amount that the truck is worth according to them. Normal coverage is applied, property damage, etc.
Basically they value my truck at like 20 bucks, since it was about 1500 new in 67. I tried a classic car insurance company, but you have to have your license for at least 10 years (got mine at 16), and have an enclosed parking space (which i do not). Oh, and I'm with USAA |
01-21-2009, 02:00 PM | #12 |
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Re: Insuring your truck...a note of caution. FYI
It's crazy that they will insure a $60K escalade and allow someone to put unlimited miles on it, but won't insure a pickup truck for $30K AND you can only drive it 3K miles a year, .
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01-21-2009, 04:31 PM | #13 |
Hittin E-Z Street on Mud Tires
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Re: Insuring your truck...a note of caution. FYI
I have a stated value policy with state farm. I can drive it whenever, wherever, and it has collision, etc for $400/year. What good is a classic insurance policy if I can only drive it to car shows?
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01-21-2009, 04:31 PM | #14 |
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Re: Insuring your truck...a note of caution. FYI
Good eye 70cst - I missed that with the quote they sent to me.
I am currently running allstate for a 15K value for 240.00 per year.
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01-21-2009, 04:59 PM | #15 |
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Re: Insuring your truck...a note of caution. FYI
I had the same response from Hagarty and Grundy. They are great for collector cars but the are just the opposite with trucks. I only pay 219.00 per year on my 72 vette, but for the trucks the list of restrictions was endless.. the only thing I really cannot do with my vette is drive it to school (where i teach), and in the snow (which I wouldnt do anyway)... with the truck, anything that had to do with using it as a truck would be uninsurable. Very frusterating... with that said however I should take some pix of what people actually have "Collector" tags on up here in MN and I guess I can see why....
--Mike
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01-21-2009, 05:12 PM | #16 |
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Re: Insuring your truck...a note of caution. FYI
Just requested a quote from Heacock. We'll see how it compares to my current coverage.
*Edit - Just noted however: Autos we insure may not be used for commuting to or from work or school, used for business purposes or as a substitute for another auto. There goes that idea, I drive my vehicles once a week or so to work as that is how I enjoy them! Oh well.
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01-22-2009, 12:14 AM | #17 |
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Re: Insuring your truck...a note of caution. FYI
My age is 56 yrs old. My rate is going to be just a tab over $300 per yr. with the only restriction to keep my truck under 3,000 miler per year but no restrictions to where I drive. As long as I keep my truck cleaned and wax sort of speak...my insured value will remain at $24,000. The other companies will insure my truck for $30,000 but I don't care for all the restrictions. I guess I am not willing to risk having insurance with restrictions that can give them opportunities to not pay if I have a mishap. JMHO I just wanted to make you all aware of the fine print of these insurance policies. When it comes to insurance...its better to be proactive.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 01-22-2009 at 12:17 AM. |
01-22-2009, 01:50 AM | #18 |
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Re: Insuring your truck...a note of caution. FYI
thank god i like to keep my hands dirty and dont spend much money, 17 year old driving a $13k paying $2200 a year for insurance WITHOUT collision
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eh 1970 Chevy C20 daily driver 1975 GMC Jimmy 4x4 project 1966 GMC C10 Dad's project Last edited by Camper Power; 01-22-2009 at 01:51 AM. |
01-22-2009, 02:09 AM | #19 |
Commander Taco Bello
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Re: Insuring your truck...a note of caution. FYI
completely agree. it makes no sense.
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01-22-2009, 08:45 AM | #20 |
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Re: Insuring your truck...a note of caution. FYI
I agree about the everyday use and the miles per year. I have used Grundy on several of my trucks through the years. I hardly ever drove them after doing frame off 's on them. The first one that i insured they told me i could not have a trailer hitch on it. They also had me take pics. of the inside of bed, to see if it was being used and abused. I guess. I have had several people say that both companies pay off very well. I live in south east texas where hurricane Ike just hit a few months ago. East of me is a town called Bridge City, where they had up to 5-6 foot of storm surge come in. I know of about 20 collector cars that went under. I know, how come they left them behind. My buddy cleaned up about a dozen of them. 3-62 vettes,1-65 bb vette, 72-vette,62-ss impala 77-trans-am etc. They were all paid off, no problems. Full price and were gave the option to buy back at a really good price. Some went over the roof. My buddy had a 62 vette insured for 50000.00 and there were not any guestions asked.
These companies are made for collector-restored vehicles and pay off so good is because they hope they stay in your garages so they do not have any problems. I will be having the same problem in the future when i finish my 72 bb swb. I plan on driving the wheels off of this one and not selling it.
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01-22-2009, 09:15 AM | #21 |
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Re: Insuring your truck...a note of caution. FYI
Back a few years ago when we picked up our 67 chevelle SS 396 4spd car I called both those company's only to get the same restrictions plus it had to be kept in a locked garage. I then called my current Ins. company State Farm only to find I could get a stated Appraised value policy for about 30K (at the time) for only $20 a month with out limitations at all. Guess who I went with.
Kevin LFD Inc. |
01-22-2009, 09:34 AM | #22 |
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Re: Insuring your truck...a note of caution. FYI
It seems the Collector Insurance companies are interested in insuring trailer Queens which is ok...but it eliminates all others who want to drive thier prize to other than car shows and meets. Looks like others besides myself have found companies who will insure our trucks so we can actually drive them and use them as we would like. I guess I found these restrictions a surprise.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
01-26-2009, 06:57 PM | #23 |
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Re: Insuring your truck...a note of caution. FYI
Update...well I got a call and was told by my agent that at the present stage of my project the insurance company want to cover my truck for $12,000 verse $24,000. I said I have over $20K into my truck as it sits so if it was stolen or whatever...I would be out over $8000. So what I thought was a slam dunk isn't. So now I am back in the market. I don't drink but I am about to start!
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 01-26-2009 at 06:59 PM. |
01-26-2009, 07:59 PM | #24 |
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Re: Insuring your truck...a note of caution. FYI
My neighbor has Hagerty on one of his vehicles. He has 5. He was driving his 48 Ford pickup on the freeway and a dog ran in front of him and he rolled it. The next day the adjuster was there and never asked him where he was going or anything. Just gave him a check
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01-26-2009, 09:12 PM | #25 |
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Update: Insuring your truck...a note of caution. FYI
Thats good to know...I am still looking at options but this is helpful info.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 10-05-2009 at 10:44 AM. |
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