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I went through this just over a year ago. I live in a Condo building with a private gated garage. None of the specialist insurers would touch me after I sent in photos of the parking layout. In the end, I added the car to my existing State Farm policy. It was 3-4 x more expensive than the specialist policies, but the upside is there are no restrictions on use.
Have you tried J.C. Taylor or K&K?
I have a Cobra owning buddy that lives in a downtown Seattle hi-rise condo with a gated and security patrolled garage for the owners. He too had trouble getting insured by the major names because of living in a condo. He used K&K when he first got the car and last I heard was using Taylor because the rates and coverage were better but this has been a few years ago.
You might give them an inquiry.
FL Condo owner here too! Is this because you don't have individual lockable garages?
I'm having hard time getting regular insurance on my FL condos now that the State run Citizen's Insurance is reducing its role in insuring at risk properties. I get dial tone when they ask distance from water and I say 300' --- despite fact that one unit is on 4th floor and other on 5th (reinforced concrete building 20' above sea level with 140 mph windows). On the one I rent (in same building I live in) increase is 4x current rate! After Ivan most large insurance companies stopped insuring property in FL (State Farm, USAA (waterfront) and Allstate.
What about renting a storage shed somewhere and telling the insurance company you're keeping the car in the storage shed?
What about renting a storage shed somewhere and telling the insurance company you're keeping the car in the storage shed?
I rent space from my buddy Don at his custom shop for my 'toys' . I told Grundy when we moved out here from WA that I'd probably be only keeping one car at the house and putting the others at Don's. They wanted details of his shop, does it have locking windows, doors, etc. When they found out the shop had a security system that was armed every time the place was closed all the issues went away. And they sent me a policy rider giving me the ok
I was told by all the specialist insurers, that they would only provide cover if the car was kept in an individual locked garage. I did think about a storage unit, unfortunately where I live that would have increased the overall cost well above the State Farm policy I eventually bought.
I am using American Modern because of the shabby treatment I received from State Farm. First, I was told that if I had the car appraised (the appraiser they used was just down the street) I could get an agreed value policy for the value. When I got around to it, I took the appraisal into the agent I had been dealing with. She called underwriting and was told that they could not do it because the car was titled as an 2004 model and it would have to be at least 10 years old.
Then my six month renewal papers started showing up listing the car as a 2004 Volkswagen. I called an agent and was told it was because of the VIN number (????!). There's no way my VIN number could be for a VW. Also, as I was nearing the 10 year mark I inquired if the agreed value policy could now be arranged and was told the underwriter didn't want to do that. I asked her what the actual cash value would be for my car if it was totaled or stolen. She said she would work that out at the time of the loss. Thanks, but no thanks. I had enough of this and went to American Modern. I supplied a description and five photos and was in like flint. End of story.
Speedsterin' and cars generally are a suburban/rural hobby.
He's in FL. Hoping he's just joking about selling due to insurance. Other than high humidity FL is near perfect weather for Speedie. (Just need some decent curvy roads - no hills = no curves.) No SNOW or even ICE - just mid-day heat. FL just passed NY as 3rd most populated state (spurred on by this memorable last year's weather up North). Insurance industry is just squirrely here - no hurricanes in years but rates rise despite tough new building codes. Some coastal homes will become unsellable since insurance won't be affordable (hence no mortgages available for those homes).
