Quote:
Originally Posted by NightRydaSS
ok, well that answered one of my questions, now i have a couple others:
1) what are the restrictions on driving OTHER then being limited to 3K miles a yr and having another car as your DD? Like can you still take it to the track and race it, if i decide to take a cruise to the shore and get slammed into, will they ring my balls when i try to make a claim?
2) whats is a "normal" premium, like how much is the premium on your $20k coverage (if you dont mind me asking)?
3) does anyone kno what happens if you DO go over the 3k milage limit? Now i don't mean 2k miles over, more like a couple hundred. Does NJ "ream" you?
If i keep going the way i am (and i kno i will be), i NEED this kind of coverage. I dont want a repeat of my GTA incident (10% coverage in parts won't cover it this time). My car is over 5 yrs old, so that mean it is worth "diddly-d*ck" to the ins company in regards to "standard coverage". and i really can't see me driving more then 3k miles a yr if i have something else to drive and only drive my car the way i want to. might as well get the collector regs and not have to deal with inspection.
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1) Hagerty has no spelled out restriction in their policy
but racing. Racing is not covered. If you crack the car up on the way to the track, it is covered. If you do it on the track, it is not. It doesn’t mean you can’t do it, it means you are not covered financially. Your regular coverage does not cover racing either. A recent endorsement (a contractual change) to their policy clearly defines that. I have read the entire policy a number of times, no other limitations.
2) My current rate is ~$300 per year. No deductibles, increased limits of liability to match the higher rates on my DD policy. They did bump me up to the modified class which raised my premium about 35%. But I wanted to be honest about what was in the car so they cover it. Also, technically an insurance company can deny a claim if you are not truthful or withhold information they asked for in the application/renewal process.
3) I have no idea, sorry.
For Hagerty, I had to show proof of an insured daily driver for each licensed driver in the house. I had to be at least 25, and I had to have no points (maybe no more then 2, don’t remember). They may have car age limits. They wouldn’t write the 99Z28 I have. Too new.
Other companies will of course differ.