Quote:
Originally Posted by BonzoHansen
Jeff, I’m pretty sure the thinking behind this question is about getting around inspection stickers. Leave your collector car logic at the door.  |
I know they're trying to avoid inspection, but by using regular insurance they won't have adequate insurance if something bad were to happen. Regular insurance will look at the age of the car and the determined value will be almost nothing after depreciation. That 72 Cutlass that might be worth $10K will be insured as a $2 vehicle with 34 years worth of depreciation. So you guys need to make sure your insurance company agrees with you on the true value of the car. That usually requires an appraisal too.