Well, you could carry full coverage with a major insurer like State Farm, at
a cost of $400 a year or so. It's not "stated value" but I don't see why you
couldn't carry a case for "market value" if you had a claim -- there would
be plenty of evidence available for MGBs (as opposed to obscure makes like
say, Hillman in the US). Or, my agent told me they would accept an
professional appraisal report as evidence of value. When I casually looked
into that, it seemed that might cost $200-500.
BTW, this was in reference to my other car -- my B is worth squat (except to
me).
on 7/2/06 10:59 AM, Councill, David at dcouncill@msubillings.edu wrote:
> This has some truth to it perhaps. But are there are alternatives? I mean is
> there such a thing as stated value or "real" insurance on our classic cars
> other than classic insurance policies like Hagertys?
>
> My choices were -
> 1. Insure both my B and BGT with Hagertys with stated value of 5K and 10K for
> a total of $96/year with their stated restrictions.
> 2. Insure my B and BGT, liability only, low annual mileage (less than 3k) with
> USAA at about $250 per year per car.
>
> If I had a fender bender at Walmart, Hagertys will probably pay as they do
> allow for "limited" non-show usage. But a standard insurance policy will
> definitely only cover the other car and at cost of at least three to four
> times as much. I would gladly pay more to allow me to drive my Bs as regular
> transport but last time I checked with a few insurance companies, they only
> insured older cars for liability or insured them under very restrictive
> classic car policies that prohibitted parking anywhere but car shows. Hagertys
> advertises that they are less restrictive.
>
> So with a supposed legitimate policy, I'd still be stuck in any kind of fender
> bender. I'll take the risk with Hagertys. Unless anyone knows of better ways
> to insure. This thread has run on this list many times and not once has there
> been any alternatives suggested besides classic car insurance, along with the
> ensuing naysayer comments (not trying to be negative here).
>
> David Councill
> 67 BGT
> 72 B
--
Max Heim
'66 MGB GHN3L76149
If you're near Mountain View, CA,
it's the primer red one with chrome wires
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