On Oct 8, 7:10pm, "Vincenti, Ross" wrote:
> I, too, would be interested in finding out more about the various insurers
> that offer "classic" car insurance. Obviously, the premium will be low if
> all you are buying is minimal (10/30) liability coverage versus the more
> desireable 100/300 liability coverage. The key to keeping the cost low
> would appear to be the absence of collision coverage, which can be quite
> expensive.
This is a very good point. There are three types of things covered
by auto insurance: liability, comprehensive and collision. In a
nutshell liability covers you if you hurt someone else, comprehensive
covers vandalism, etc. and collision covers the car if *you* hit
something. Except for the tow vehicle (which still has a loan on
it which requires collision), I don't carry collision on my cars.
You'd be surprised what a large part of the total bill the collision
part is. I figure that if I break it, I'll fix it myself or pay to
fix it myself and still come out ahead. We've gotten a fairly good
price on our cars from a "standard" policy (Erie Insurance) this
way, even though I drive the Triumphs a lot.
Disclaimer, I'm not in the insurance business and probably don't
know what I'm talking about...
cheers,
John Lye
rjl6n@virginia.EDU
http://avery.med.virginia.edu/~rjl6n/homepage.htm
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