I learned the same thing a few years ago when I bought the TD. For the eight
years that elapsed between the time I bought the car and when I was ready to put
it on the road, I carried absolute minimum, antique car, insurance on it. Most
of that time the car was just a few stacks of parts with a license plate hung
onto the bare frame. But I would have been able to collect if there had been a
catastrophy. Sorry to hear about your loss.
Bud Krueger
52TD
77MGB
"Gail B. Snider" wrote:
> First I would like to wish all a wonderfull new year!!!
> I've been lurking on the list for about 14 months now, have made a few
> comments but generally leave that to the experts. Now have a situation
> that I feel is prudent to most if not all list members. I bought a B 14
> months ago in VA. dollied the car home and put in the garage for total
> restoration. Had everything complete except putting in the dash and "firing
> it up" for the first time. To keep this short will not go into any details,
> had a fire in the garage that did significant damage to the car, had not put
> any auto insurance on the car. Nationwide has our homeowners insurance and
> they say that they will NOT cover the B under the homeowners policy. They
> have informed me that I had to have an auto policy to be covered. Have
> talked to a number of people that assumed that a homeowners policy would
> cover any contents for a fire. So I feel that a number of list members may
> be under the same assumtion. theres that word again, assume, (makes an ass
> out of u and me). made an ass out of me. Hopefully with this posting it
> may help some other list member in the future. Would recomed anyone with an
> auto in "DRY STORAGE" or in the process of restoration check with there
> insurance company.
>
> Brian 71 B who really got to "fure it up" for thr fist time
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