Rob,
I have a Bugeye and a 3000 that I have had insured a daily drivers so
that we could drive them to work on a regular basis during the good
weather. Classic insurance has restrictions on how you use the car as
well as total mileage per year. I had both cars insured for cash value,
in the long run I was way wrong. be sure you have a stated value policy
of some kind. There was a thread on this some months ago.
Anway, I did not have a current appraisal on file with my agent and
suffered when the 3000 took a dive in a pond (long story). The company
based their payment on some "book" value. The value as atleast 50% a
realistic estimate. I then went thru an appeal process where thay had
an appraiser and I had an appraiser. After the two appasials (very
different numbers) a mediator ruled in favor of the insurance company
appraisal based on his convoluted logic. I ended up with a settlement
that was well below current value.
I have canceled my daily driver policy and am going with classic
insurance and will work around the restrictions.
Bob
> Subject: Insurance for a daily driver
>
> Listers -
> I'm in the process of purchasing Alan Fisher's '59 bugeye. I plan to keep it
> a daily driver, but am uncertain about how to ensure the vehicle (car holds
> more value than traditional policy would offer). What is the general feeling
> on how to insure a daily driver like this? The "antique" insurance places
> relatively strict limits on mileage, no?
>
> Thoughts?
> .
> .
> .
> RJC
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