Does anyone know of a CA. insurance company, that does not require, lockable, secure garage? We have a second home, without a garage. As of yet, I have been reluctant to take the car to this home, as Hagerty requires a private garage. Building a garage would be very expensive, as the house sits on pilings on the side of a mountain.
Mind you, the house that has a garage, is in Stockton, CA. Always on the FBI's 50 worst cities for car theft,
Thanks in advance for your advice.
Art
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U might try Grundy, not sure about garage....
parts of stockton are real tough,,,,question..where is there a mountain in Stockton, its flat as a fritter:}
The house on pilings is in Scott's Valley / Santa Cruz mtns. 
I have my cars insured via State Farm. You could try them.
Ted
I always had mine insured with triple A. If it was garaged there is a discount but it was not required.
AAA insured for stated value. My garage is a nice cover with 5 feet of snow in the winter. I have all of my insurance with AAA. State Farm cancelled me last year because I live in a fire zone. The Fire Station is 1/2 mile away and there is a hydrant on my street. My property backs to the National Forest, so that is the issue.
Thanks guys. I'll give these a shot.
Art
Stated value?
Dunno about the Major's case, but when we added the Speedster to our AAA policy (in northern California), they said they don't do 'agreed upon value' policies, period.
I think CAAA now splits California coverage between two separate AAA divisions, so they may have different rules depending on exactly where you are. I don't think a garage was a requirement (ours IS garaged), but I don't recall.
I may get burned a bit on the settlement in the case of a total loss, but my main reason for carrying insurance is the liability coverage.
They did say the settlement would be based on the market value of similar VS Speedsters and not on the '69 VW chassis.
Troy, my car is insured for an agreed value. I think that is similar to what the classic cars do. It was established with verified resale and new prices and receipts.
You said Stated Value in your message and that is very different from Agreed Value. Agreed Value is the type of policy we should all have. I'm glad to hear that is what you actually have.
Mitch, that is how I established an agreed value. It is in my agents file and I had my documents notarized in case there was ever a dispute. It is not written in my policy. What you stated is the coverage, market value plus. I think you can probably get inflated values with the classic guys and that would never work with AAA. I think the majority of the cars insured by classic insurance are investments and rarely driven so the risk to the insurer is minimal. My car is allowed 5k miles per year which I have never hit.
Troy, stated value is probably stuck in my mind as I used to have a couple of investment cars that were garaged and insured with Hagerty.
I believe Grundy requires a garage.
Noel, did you ask for 5K miles/yr or did they limit you to that?
We were asked how many miles we expect to drive the car per year (they set no limit on this) and the premium is based on that. If we average more than that, we tell them and they adjust the policy.
I think the 'agreed value' policy Troy is talking about has a specific dollar amount written into the policy, and they agree to pay that full amount in the case of total loss.
Our AAA agent told us they won't do that.
All of my cars are set for 5K. If I want more mileage I pay more. Since I am retired. there is no "to and from work." Living in a small mountain town does that to you. There is nowhere to go unless I go to SF.
Frank C. posted:I believe Grundy requires a garage.
Frank;
You would be right. Grundy never mentions it, thru the entire application process. BUT at the end, they say send us pictures, including a pic with your car in the garage, and back up, when taking the picture, so we can see the structure. Or words to that effect. I really care more about liability coverage , than loss on the car. It's a far bigger "liability".
art
Sacto Mitch posted:
Noel, did you ask for 5K miles/yr or did they limit you to that?
We were asked how many miles we expect to drive the car per year (they set no limit on this) and the premium is based on that. If we average more than that, we tell them and they adjust the policy.
I think the 'agreed value' policy Troy is talking about has a specific dollar amount written into the policy, and they agree to pay that full amount in the case of total loss.
Our AAA agent told us they won't do that.
what might happen if you had an accident if you exceeded "what the mileage you expected to drive the car in the year" ? ....at fault or not ?
David;
I think I would long before I reached the magical 5,000 mile limit, call and move my mileage to the next level. I found today researching thru the websites many carriers have multi-level mileage classifications. Several of the traditional classic insurers have unlimited categories.
My read on this, is that we are a good "class" of insurable, and it has gotten competitive out there for this business.
David Stroud posted:Sacto Mitch posted:
...We were asked how many miles we expect to drive the car per year (they set no limit on this) and the premium is based on that...
what might happen if you had an accident if you exceeded "what the mileage you expected to drive the car in the year" ? ....at fault or not ?
I don't think they're real strict about it, but if you say 5000 and drive 20,000, that could well be an issue.
As Art says, if you find yourself going substantially over what you estimated, it's best to advise them. The rate doesn't go up that much with more mileage.
FYI insurance companies issue you a form 19 insurance which is normal car insurance with depreciation etc.. You pay according to the mileage and features you want.
I think what you guys are referring to is a Form 19A which is an agreed value. that is discussed with ie: Hagerty. So you agree on say $50K you pay premiums accordingly but in the event of a total crash you get $50 K with no depreciation.
Many insurance companies won't do 19A...
Shoutout to majorkahuna...
This comment that you wrote concerns me: "It is not written in my policy"
If it's not in the policy, it's not part of your contract with the insurance company. Documents in the agent's file won't help you in the event of a loss.
It is in the policy the means to which a value is established. I have already done this in advance to any claim for total loss and it is documented. This is my protection in the event of a disagreement or legal action. I am not in the least concerned
This topic comes up so often that Theron put it in the Knowledge base. Here is the link.
Sounds like you know what you're doing majorkahuna! And at the end of the day, we each need to be comfortable with what we have! You obviously are!
My concern was simple. An Agreed Value policy normally includes the agreed value in the contract (policy) itself policy, as in, "In the event of a total loss, we will pay $xx,xxxx." It normally does not rely on some document outside of the policy to determine that value.
Paul;
When I signed up 2 years ago with Hagerty, the agreed value was so simple, I thought, well I should have said $30K. The policy states the agreed value is $xxxxx.
There were no discussions, challenges, appraisals etc. They reviewed the pics I sent them, said "beautiful car". This car is the cheapest, easiest and most value for the buck I have ever experienced.
Thanks for the input.
Art
