[DML] Re: DeLorean requested for State Fram Founder's Day celebrations

["David Teitelbaum" <jtrealty@xxxxxxxxxxx>]

Insurance varies wildly fron State-to-State. In some States a company
may not even offer insurance for certain kinds of cars and in other
States they aggresively seek out that business. It is affected to a
large extent by the Laws under which the must operate and they DO vary
a lot between each State. Some States are No-Fault, some don't even
require insurance for a car. In some States it is very cheap to stick
on your homeowner's policy and in some States you must seek a separate
policy. Even a nationwide company Like Haggerty must tailor it's
products to the Laws of each State. What they can offer in say New
York will look nothing like say Wisconson. Here in New Jersey Allstate
will not take on any new collector vehicles, they will continue to
insure them if only if they have been with them from the time they
were seeking such business. In general most insurance brokers are not
familar with insuring older cars. You will usually do better going
direct with the companies that specialize in that area. They can all
be found easily in Hemmings Motor News. Among the leaders is Hagerty
and Tailor. They also go the the big car shows like Hershey. If you do
use a car as a daily driver you had better watch what they do for it's
value. You would not want to have a small accident and then have the
car totaled for say $2,000 because it will cost more to fix than it's
book value. I do not know of any insurers that will let you set an
"agreed value" on a daily driver. All of the "collector" insurers set
mileage limits AND age limits on the drivers. The bottom line here is
to get a quotes from as many companies as you can and try to educate
yourself as to EXACTLY what is covered, what the limitations are, and
what (if any) is the "AGREED VALUE".
David Teitelbaum
vin 10757


--- In dmcnews@xxxxxxxxxxxxxxx, Phil Priestley <phil@xxxx> wrote:
> 
> I live in Salem and my car#2105 will be on display at State Farm.
>   My Delorean is insured through Haggarty but my Benz that is my daily 
> driver is insured through State Farm. My SF agent keeps trying to get 
> me to insure the D through them on a collectors policy that is 
> d]








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