Steve, I'm glad you're physically okay.
I'd be interested to see what happens as a result of that report. Was that the EMS, or a hospital-generated report? Most of the time, we try to make them as accurate as possible for the doctors' benefit; I had no idea they could wind up putting a job on hold.
Can you be more specific in an e-mail?
Oh heck I can be specific here...LOL
They have a form that they use and it has a bunch of boxes to check. One of the boxes is for being unconscious. My wife said, that I was always conscious, but didn't make a lot of sense.
You guys might appreciate my initial answer to what I did for a living. I said, "I build cars". Ok we all know I'm more inclined to screw them up then build them.
The ambulance crew checked the box, because they were probably playing it safe, but if your a commercial pilot, loss of consciousness is an automatic 6 month suspension of your medical. I'm trying to fight the little check mark, but it is the government. I did get someone to finally give it a review, and I'm pending a new answer....of course were already at 3 months. I only have hopefully 3 months to go. Since I'm fighting they I will hopefully have a quicker and easier review at 6 months.
You never know.
The car will need a new body, new engine cradle on one side, new firewall, new door. You can see why it gets so pricey so quick. I wasn't saying much before because I really had hoped to get it back, but after the medical thing, I was hoping the builder could get it back. Neither happened. Someone in Arizona wanted that car awfully bad???????
They have a form that they use and it has a bunch of boxes to check. One of the boxes is for being unconscious. My wife said, that I was always conscious, but didn't make a lot of sense.
You guys might appreciate my initial answer to what I did for a living. I said, "I build cars". Ok we all know I'm more inclined to screw them up then build them.
The ambulance crew checked the box, because they were probably playing it safe, but if your a commercial pilot, loss of consciousness is an automatic 6 month suspension of your medical. I'm trying to fight the little check mark, but it is the government. I did get someone to finally give it a review, and I'm pending a new answer....of course were already at 3 months. I only have hopefully 3 months to go. Since I'm fighting they I will hopefully have a quicker and easier review at 6 months.
You never know.
The car will need a new body, new engine cradle on one side, new firewall, new door. You can see why it gets so pricey so quick. I wasn't saying much before because I really had hoped to get it back, but after the medical thing, I was hoping the builder could get it back. Neither happened. Someone in Arizona wanted that car awfully bad???????
Steve -
Glad to hear that you didn't get seriously racked-up in that accident. Hope that you're able to resolve the whole 'medical' status with the insurance and get back on the job real soon.
Insurance, medical, auto or whatever is ALWAYS going to be a pain-in-the-ass!
Get well and take care!
Peace - Out!
Glad to hear that you didn't get seriously racked-up in that accident. Hope that you're able to resolve the whole 'medical' status with the insurance and get back on the job real soon.
Insurance, medical, auto or whatever is ALWAYS going to be a pain-in-the-ass!
Get well and take care!
Peace - Out!
Johnny2fast said: "What I have concluded is that auto insurance, at least from the consumer
Geez! That just SUX! Glad you're both OK for sure. I took a Coupe DeVille in the ass of my TR3....shocking moment to say the least.
I got a good lawyer(gulp)and socked it to 'em in a civil suit.
~WB
I got a good lawyer(gulp)and socked it to 'em in a civil suit.
~WB
you didn't happen to strip it of "stuff" luggage rack badge etc.? Just the optimist...
I have a reproduction Hazet Tool Box, that is only a tiny bit bent on one edge. I have my luggage, and that's about it. Everything else was attaced to the car, and went bye bye with the car.
Just adding my belated $.02. I've never bothered to read my State Farm policy, but I just got my renewal notice ($97.46 for 6 mo) and it states Ordinary use of vehicle: Limited use antique/classic, and Vehicle value $35,000. Since the value is stated, it has led me to believe that I, in fact, have stated value coverage. As far as the "Limited use," I was told verbally that I was good for 2-3000 mi/yr, which is adequate for my pleasure trips and occasional drive to work.
Yea, that's exactly how they mislead you. Mine said the same happy bullshit. Have someone hit you and total your car, then you can learn the hard way. Or listen to a guy who just went through it, it is up to you.
The stated value is for the purpose of charging you. They will try to claim "normal depreciation" regardless. Or even worse, they will say your car shouldn't have been underwritten and not pay a thing.
The stated value is for the purpose of charging you. They will try to claim "normal depreciation" regardless. Or even worse, they will say your car shouldn't have been underwritten and not pay a thing.
Jesus Christ, you have a 2006 Beck. You are absolutely improperly insured. Your agent has written a non valid policy. You won't have a leg to stand on, because you are a "member" of state farm. Which gets them out of all sorts of laws. You will get screwed. Your car doesn't even qualify, even if it were written under the right binder, it isn't an antique. Call the national office.
If you have STATE FARM INSURANCE, your agent doesn't have any liability to you if they wrongfully underwrite the car. That's what the whole "member" thing is really about.
Everyone wants to believe that they somehow have done it differently or did it right through State Farm, and that I was done differently. I'm telling you to quit living in denial or don't come crying later. I was paying 1000 a year, and they still wanted to get out of paying, I can't imagine what they will try with someone like you.
YOUR POLICY is not valid on a car that is not a real antique!!!!!!!! That little piece of paper saying you have insurance means nothing, since as a member you have given away all of your legal rights to sue them for "errors".
If you have STATE FARM INSURANCE, your agent doesn't have any liability to you if they wrongfully underwrite the car. That's what the whole "member" thing is really about.
Everyone wants to believe that they somehow have done it differently or did it right through State Farm, and that I was done differently. I'm telling you to quit living in denial or don't come crying later. I was paying 1000 a year, and they still wanted to get out of paying, I can't imagine what they will try with someone like you.
YOUR POLICY is not valid on a car that is not a real antique!!!!!!!! That little piece of paper saying you have insurance means nothing, since as a member you have given away all of your legal rights to sue them for "errors".
I just wonder why I even bother. It's like talking to a brick wall around here.
My agent assures me that I have appropriate coverage. I recall that he had gone to some poohbah at Corporate to get me done to begin with. He says that in the event of a total loss, value would be determined with a combination of what I paid, mileage and condition of the car, and current replacement cost. He says this could result in a settlement of more than I paid. As to the comment about agents having no liability, he says he pays for a $2MM Errors and Ommissions Liability policy for himself and his employees. Wouldn't need that if he could skate on liability as Steven suggests.
Steven, I appreciate your input, but clearly if you were paying $1000/yr you had different coverage than I have. I have addressed your comments and experiences to my paid professional and he assures me I am protected.
Steven, I appreciate your input, but clearly if you were paying $1000/yr you had different coverage than I have. I have addressed your comments and experiences to my paid professional and he assures me I am protected.
LOL....yea mine said the same thing.
OH MY GOD....the "you may get more then you paid" I heard that right up to the time they screwed me.
This guys is giving you almost word for word the same crap I was told.
Have a loss and the tune will change very quickly.
"His errors and omissions", is the companies, not "his". He is flat out misleading you in every way possible. Read the fine print on your actual policy and your rights.
It's funny how originally you thought you were going to get a "declared amount", but now your stupid agent is spinning the news with stories of how you might get even more then you paid. It simply doesn't work this way.........they figure out different ways to try and pay you the least. Believe a salesman, or believe a guy who has actually had a claim with them. Believe I had a majic policy different then yours....LOL
If your car is written under the "agreed value" of State Farm, IT WILL NOT by some kind of majic mean you will get more money then you paid....LOL...surely your not that stupid!!!!!!!!!!!!!!!
OH MY GOD....the "you may get more then you paid" I heard that right up to the time they screwed me.
This guys is giving you almost word for word the same crap I was told.
Have a loss and the tune will change very quickly.
"His errors and omissions", is the companies, not "his". He is flat out misleading you in every way possible. Read the fine print on your actual policy and your rights.
It's funny how originally you thought you were going to get a "declared amount", but now your stupid agent is spinning the news with stories of how you might get even more then you paid. It simply doesn't work this way.........they figure out different ways to try and pay you the least. Believe a salesman, or believe a guy who has actually had a claim with them. Believe I had a majic policy different then yours....LOL
If your car is written under the "agreed value" of State Farm, IT WILL NOT by some kind of majic mean you will get more money then you paid....LOL...surely your not that stupid!!!!!!!!!!!!!!!
Rich you need to read that actual policy. The one that you agree to not sue them and to pay for the arbitrators of their choosing if you don't like the settlement.
Jee, let me see, the arbitrator is chosen by them and you have to pay for it, the arbitrator is on who's side???? Well they guy who makes the decision to use him of course. Also to add insult to injury you agree to pay for him......LOL.
Then if you still can't agree, you get to start all over and pay 3 arbitrators, and then if two of them can't agree, then and only then could you sue. But now they have all of these arbitrators opinions to use against you in court....you can't win.
Wake the hell up.
DON'T TRUST YOUR AGENT....call the national office, and don't believe any fairy tales about how you might actually benefit from their system.....it ain't gonna happen that way.
Jee, let me see, the arbitrator is chosen by them and you have to pay for it, the arbitrator is on who's side???? Well they guy who makes the decision to use him of course. Also to add insult to injury you agree to pay for him......LOL.
Then if you still can't agree, you get to start all over and pay 3 arbitrators, and then if two of them can't agree, then and only then could you sue. But now they have all of these arbitrators opinions to use against you in court....you can't win.
Wake the hell up.
DON'T TRUST YOUR AGENT....call the national office, and don't believe any fairy tales about how you might actually benefit from their system.....it ain't gonna happen that way.
The arbitrators want as much business as possible, so they cater to the insurance companies. They want the Insurance company to call them for all of that future business. What are the odds of you, an individual ever using them again, versus a company that is in arbitration literally every day.
Using the exact system your AGENT claims, may give you more money then you paid. They started by offering to buy me a Vintage kit. LOL, yea that will make me alright again.
The CEO of the State Farm, who I have actually flown, took care of my proble. You would be shit out of luck.
Using the exact system your AGENT claims, may give you more money then you paid. They started by offering to buy me a Vintage kit. LOL, yea that will make me alright again.
The CEO of the State Farm, who I have actually flown, took care of my proble. You would be shit out of luck.
Rich, I paid more because I drove a lot more, is my suspicion. We have, had, the same policy.
Steven, You never did tell us if you had an Agreed Value stated on your SF policy under the "Additional Information" section -- or not. If not, then why all the venom? If you bought a "normal" policy then that may be why they treated you to the "normal" insurance industry standard concepts of determining depreciation and fair market value? Of course that result is never likely to be a pleasant result for the consumer, as you found out. But could it be that you got what you paid for?
Since you have raised the subject of State Farm insurance so vigorously, I have done quite a bit of research myself. I've decided to hang on to my State Farm policy on the spyder, and feel comfortable with my expectations of coverage.
Mark
Since you have raised the subject of State Farm insurance so vigorously, I have done quite a bit of research myself. I've decided to hang on to my State Farm policy on the spyder, and feel comfortable with my expectations of coverage.
Mark
When in doubt, check with your state's insurance office. Agreed value IS the best coverge you can get on these cars.
Under additional information.....yes, I had it. Was it valid for a car that wasn't an antique under the State Farm guidlines, nope.
Steven, I'm thinking that your mileage would have disqualified you from the Limited use antique/classic coverage I have. I can see how an insurance company would treat a replica driven more than the restricted miles pretty much like any other commuter car, with appropriate depreciation alowances.
YOUR 2006 CAR Disqualifies you!!!!!!!!!! They only insure "true" antiques....your just not getting it, and I have come to the conclusion you just want to believe what you believe....good luck.
Believe what you want....call the headquarters, not an agent.
I only respond, because your posts may incline someone else to believe the wrong things and make the same mistake. Your stupidity and stubbornous shouldn't cost someone else. You nothing, other then what you believe and what your agent has told you.
My information is from real experience, and talking with everyone all the way up the chain at State Farm, including the top guy.
Believe what you want....call the headquarters, not an agent.
I only respond, because your posts may incline someone else to believe the wrong things and make the same mistake. Your stupidity and stubbornous shouldn't cost someone else. You nothing, other then what you believe and what your agent has told you.
My information is from real experience, and talking with everyone all the way up the chain at State Farm, including the top guy.
YOU CAN'T have a valid antique policy from State Farm. Call them today and ask them. NOT your agent, the headquarters.
It was my State Farm agent that told me to have my car appraised so she could write me an agreed value policy. After I had this done a few weeks ago and with me sitting in the office with her, she called the underwriting department and was told that State Farm could not write that kind of policy unless the car was at least ten years old. I'm not certain what use the appraisal is to me now, but this certainly underscores the fact that some agents don't know squat about their own company's underwriting policies.
I guess I really should go shopping but I'm slow to react. I only pay about $500 per year for full coverage and my car is included under my umbrella. The only restriction I have is that I have to limit my miles to 7,500 per year....no problem.
I'm sorry if I am repeating myself after my post above, but I think you need to consider carefully that you cannot necessarily trust what your agent tells you.
I guess I really should go shopping but I'm slow to react. I only pay about $500 per year for full coverage and my car is included under my umbrella. The only restriction I have is that I have to limit my miles to 7,500 per year....no problem.
I'm sorry if I am repeating myself after my post above, but I think you need to consider carefully that you cannot necessarily trust what your agent tells you.
Steven, I never called you stupid and I would expect the same respect from you. I'll spot you the stubborn, because I've been accused of that a time or two. The state of Oregon has titled my Beck as a 1957 Porsche Speedster with a brand in bright red "Replica." My first bill from State Farm was over $900 for six months as the car was underwritten as a 1957 Speedster. In the state's infinite wisdom, they see a replica of an antique/classic vehicle to carry many of the same traits as the original and recognize the intent to treat them similarly, ie limited miles driven and primarily for pleasure and exhibition. I believe Special Edition can document the value retention or even appreciation experienced by the Beck replicas over the years. My agent went back to a big shot at the home office with a detailed explanation of just what I had and how I wanted to drive it. The result of the discussion was the policy I have now. Clearly my experience differed from yours. I have dealt with the same agent for about 15 years and I am comfortable with his reassurances which, I might add, came after he read your postings. 'nuff said on this subject.
Steven, save your breath....The Skeptics will need to learn the hard way...
But I do love to read your rants....
But I do love to read your rants....
Rich, your right. I don't think you are stupid, but I do think your doing a stupid thing. The difference between ignorant and stupid is that your ignorant if you do something but didn't know any better. Stupid is doing something when you have been told better.
I understand completely your belief in your agent. I totally believed mine, and he went through the same process. Heck even after the accident, I believed the line about, "using the established value of the car". In the end, if your willing to go through a lot of hassle and fight them a lot, they will settle on 10% depreciation per year. They will take all of that information you get from your builder, the market, and past sales and decide that it just doesn't make sense that a car doesn't depreciate at least 10% a year. You then have the right to pay an arbitrator that has every intrest in helping them, and not really helping you, and then you can pay another team of arbitrators and if you still don't like the result, then and only then you can sue. But on the second round you are bound to the arbitration if two of them agree. In my case it just wasn't worth all of the hassle. I suspect they know and depend on this in a lot of settlements.
Hey, chances are you will never need the Insurance anyway. A person could easily argue against having Insurance at all. Of course that would be illegal in a lot of States.
At year 9, you would get 10% of what you have in the car, using their system.....not good. They will go through all of the other steps you mentioned, but since the lower number is obtained using a depreciation and they know the arbitrators will side with them, that is exactly what they do in reality, not theory.
I understand completely your belief in your agent. I totally believed mine, and he went through the same process. Heck even after the accident, I believed the line about, "using the established value of the car". In the end, if your willing to go through a lot of hassle and fight them a lot, they will settle on 10% depreciation per year. They will take all of that information you get from your builder, the market, and past sales and decide that it just doesn't make sense that a car doesn't depreciate at least 10% a year. You then have the right to pay an arbitrator that has every intrest in helping them, and not really helping you, and then you can pay another team of arbitrators and if you still don't like the result, then and only then you can sue. But on the second round you are bound to the arbitration if two of them agree. In my case it just wasn't worth all of the hassle. I suspect they know and depend on this in a lot of settlements.
Hey, chances are you will never need the Insurance anyway. A person could easily argue against having Insurance at all. Of course that would be illegal in a lot of States.
At year 9, you would get 10% of what you have in the car, using their system.....not good. They will go through all of the other steps you mentioned, but since the lower number is obtained using a depreciation and they know the arbitrators will side with them, that is exactly what they do in reality, not theory.
I choose only to have liability insurance on my speedster. I had full coverage for the first year and considered the options, but I own it... I don't owe anything for... I have other cars... it is a hobby and if I wreck it... I wreck it. I am not sure if that affects what the value is if someone hits me... but I am going to check on it since I am very compelled by this thread. I read it with interest and I have learned from it. It is registered as a 71 convertible K Ghia and insured with USAA
Hey Guys, count yourself lucky that you can find insurance for your cars. I have been trying for the last two weeks, never mind being able to choose an agreed value policy, (I have a clean record as far as claims go)!
I at one time had liability only on several cars. I found out the hard way when someone hit my old truck, that the Insurance Company of the person who hit me, had not intrest in paying me since my Insurance company wasn't out anything.
They literally told me that they make people with liability only Insurance sue, even if it is their insured's fault. So the real drawback is you will have to sue, if someone hits you, even if it is their fault. This may be true only of certain companies??
They literally told me that they make people with liability only Insurance sue, even if it is their insured's fault. So the real drawback is you will have to sue, if someone hits you, even if it is their fault. This may be true only of certain companies??
Stephen---killer thread--I'm glad you started it as a lot of Speedster folks are getting an education.
My big question is why didn't the peolpe who hit you have theit insurance pay?? (Maybe i missed this?)
From this thread I know I'm in truuble and likely am not insured. I use State Farl for my two "real" cars (just kidding). When I called S.F. to add my speedster they asked me for the VIN # and I gave it to them. Of course it was for a 1968 Beetle. My policy came and says '1968 Beetle. So even without agreed value or whatever insurance I'm without insurance---everyone agree with this?
Rather than jump through the hoops to fix it I'm going to call
Hartzok Insurance Monday morning to insure my Speedie properly with them.
Sl what about the ins from the person who hit you? And are you having some pain in your neck????---Jack
My big question is why didn't the peolpe who hit you have theit insurance pay?? (Maybe i missed this?)
From this thread I know I'm in truuble and likely am not insured. I use State Farl for my two "real" cars (just kidding). When I called S.F. to add my speedster they asked me for the VIN # and I gave it to them. Of course it was for a 1968 Beetle. My policy came and says '1968 Beetle. So even without agreed value or whatever insurance I'm without insurance---everyone agree with this?
Rather than jump through the hoops to fix it I'm going to call
Hartzok Insurance Monday morning to insure my Speedie properly with them.
Sl what about the ins from the person who hit you? And are you having some pain in your neck????---Jack
Stephen and others, thanks for sharing your experiences. Many good points here to make sure you know what your insurance coverage really is, what the constraints are, and don't think they'll bend the rules for you if something happens.
Insurance can be confusing. Someone ran into the back of my wife's car and they were uninsured - the deductible on my insurance was lower for an uninsured motorist than for an insured motorist. I'm sure there is logic behind this but it escapes me.
Insurance can be confusing. Someone ran into the back of my wife's car and they were uninsured - the deductible on my insurance was lower for an uninsured motorist than for an insured motorist. I'm sure there is logic behind this but it escapes me.
She had State of Iowa minimum Insurance through Progressive. 25,000 on the collision coverage. It falls under my under-insured provision and goes back to State Farm.
The car was paid to me from State Farm. Then they got 25,000 from Progressive. They will sue the person who hit me for the rest. In Iowa her license will be revoked until she then pay's the judgement.
Not only did my neck hurt, but I had a concussion, and cracked ribs. I have about 6 months of lost benefits and income, because I lost my medical to fly.
The amount they will end up oweing me may end up exceeding the liability portion of their policy also....it just depends. Right now they owe me about 20,000 for lost wages or benefits, 5,000 in related financial damages, plus pain and suffering. I can't collect on any of it, until the meter stops running and I can go back to work. They won't pay a dime on the liability until I'm willing to settle on all of it.
We will most likely end up in court on the liability part. While I was away from work I was passed up for the one and only promotion available for the rest of my life at this company. Now maybe I wouldn't have gotten it anyway, but being gone on medical leave left me out completely. Financial consequence.....about 500,000 less income over the next 20 years.
The car was paid to me from State Farm. Then they got 25,000 from Progressive. They will sue the person who hit me for the rest. In Iowa her license will be revoked until she then pay's the judgement.
Not only did my neck hurt, but I had a concussion, and cracked ribs. I have about 6 months of lost benefits and income, because I lost my medical to fly.
The amount they will end up oweing me may end up exceeding the liability portion of their policy also....it just depends. Right now they owe me about 20,000 for lost wages or benefits, 5,000 in related financial damages, plus pain and suffering. I can't collect on any of it, until the meter stops running and I can go back to work. They won't pay a dime on the liability until I'm willing to settle on all of it.
We will most likely end up in court on the liability part. While I was away from work I was passed up for the one and only promotion available for the rest of my life at this company. Now maybe I wouldn't have gotten it anyway, but being gone on medical leave left me out completely. Financial consequence.....about 500,000 less income over the next 20 years.
Steven, Whom do you have your insurance with? Is it State Farm?
I do need to check with State Farm about their covering a 2007 Self Assembled Vehicle which is how my 2007 Beck is registered in Ohio.
Under Exceptions and Endorsements on my SF policy it has "6171AK.1 Antique or Classic Motor Vehicle". It also has "Vehicle Value $28,000", which was my cost.
When I received my policy there is an additional paper that says this;
"Is the amount of coverage on your antique or classic vehicle up to date?
The amount of coverage you have chosen for accidental damage to your limited use antique or classic vehicle is shown on your policy declarations page and renewal notice as "vehicle value."
It is important that you keep this vehicle value up to date. If the value of your vehicle has increased, you may not have enough coverage to pay for a loss completely. If the value has decreased, you may be paying for more coverage than you need."
Thanks to all of you for all this input.
I do need to check with State Farm about their covering a 2007 Self Assembled Vehicle which is how my 2007 Beck is registered in Ohio.
Under Exceptions and Endorsements on my SF policy it has "6171AK.1 Antique or Classic Motor Vehicle". It also has "Vehicle Value $28,000", which was my cost.
When I received my policy there is an additional paper that says this;
"Is the amount of coverage on your antique or classic vehicle up to date?
The amount of coverage you have chosen for accidental damage to your limited use antique or classic vehicle is shown on your policy declarations page and renewal notice as "vehicle value."
It is important that you keep this vehicle value up to date. If the value of your vehicle has increased, you may not have enough coverage to pay for a loss completely. If the value has decreased, you may be paying for more coverage than you need."
Thanks to all of you for all this input.
Tom---why does State Farm refer to your car as an "antique or classic"?? I don't believe that it's either one---it is, however a replica car. Could the description State Farm is using be a problem for you later on---maybe when you have a claim? (God forbid!!!)
When I received my State Farm policy they went strictly by the VIN number ( a great advantage of Vintage Speedsters) and the policy ststed that they were insuring a 1969 Volkswagen Beetle---which is another thing these cars aren't. I called and pointed out that my car was a replica of a 1957 Porsche Speedster , made by Vintage Speedsters just this year and they corrected my policy to describe my car as a "Vinyage Porsche Speedster replica.
I still might have a problem down the road but at least I won't be helping them to deny a claim by a wrong description.
My car has no mileage limit and the annual premium is $310.00
---Jack
When I received my State Farm policy they went strictly by the VIN number ( a great advantage of Vintage Speedsters) and the policy ststed that they were insuring a 1969 Volkswagen Beetle---which is another thing these cars aren't. I called and pointed out that my car was a replica of a 1957 Porsche Speedster , made by Vintage Speedsters just this year and they corrected my policy to describe my car as a "Vinyage Porsche Speedster replica.
I still might have a problem down the road but at least I won't be helping them to deny a claim by a wrong description.
My car has no mileage limit and the annual premium is $310.00
---Jack
That is the question I am going to ask SF, and not my agent. Maybe they consider a replica a classic? I hope to find out shortly.
Tom
Tom
Simple. State Farm does not consider any car built within the last 10 years to be an antique. You are incorrectly underwritten. From my experience, they will use this to try and beat you up on what you have in the car. Everything else on my policy was correct.
People keep trying to figure out where I went wrong or how my policy was somehow different. Believe me, my only mistake was thinking the agent had done things right and that it was correctly insured. That part State Farm did agree with me on, and they deducted 20% from my insured "stated value".
It just flat out isn't possible to get a valid policy on one of our cars under the antique provisions. Ask SF, not your agent.
People keep trying to figure out where I went wrong or how my policy was somehow different. Believe me, my only mistake was thinking the agent had done things right and that it was correctly insured. That part State Farm did agree with me on, and they deducted 20% from my insured "stated value".
It just flat out isn't possible to get a valid policy on one of our cars under the antique provisions. Ask SF, not your agent.
Steve,
You are 100% correct on this subject; many of the folks posting here are just in love with State Farm and or their agents. State Farm is a good company, but not the only company, and this is especially true when considering insurance for replicas. People just do not take the time to read their policies.
Specialty Auto companies are there to cover specific needs just like the needs of the folks here on this website. Sometimes, something bad has to happen in order to brighten awareness. It was too bad you had to find out the hard way. I wish you a continued speedy recovery
I vote to let this post die. Your message does not seem to be getting through. IMHO.
Marty
You are 100% correct on this subject; many of the folks posting here are just in love with State Farm and or their agents. State Farm is a good company, but not the only company, and this is especially true when considering insurance for replicas. People just do not take the time to read their policies.
Specialty Auto companies are there to cover specific needs just like the needs of the folks here on this website. Sometimes, something bad has to happen in order to brighten awareness. It was too bad you had to find out the hard way. I wish you a continued speedy recovery
I vote to let this post die. Your message does not seem to be getting through. IMHO.
Marty
No $hit.....
Any lawyers in the house? I am curious as to how is it that an insurance agent, licensed by the state in which he is doing business, can sell requested coverage "A" which he represents to cover risk "A" and accept a premium for said coverage, often times with years of renewals and subsequent premium payment, and then at the time of loss the underwriting company, in this case State Farm, can deny coverage saying the policy was written improperly and/or for coverage not offered? Isn't there a legal concept that the "meeting of the minds" between client and agent plus the "consideration" in the form of premiums paid, and accepted, has created a binding contract? Seems like the insurance company should be the one with the problem to iron out with its professional, educated, licensed agent, not the poor, ignorant client.
It just won't die.....
Insurance is the most difficult part of this whole replica thing. A lot of states have figured out what we've got, and written provisions into the vehicle code to allow replicas to be legally registered as antique vehicles (in the year in which they replicate).
Insurance hasn't caught up here yet. Most "specialty" insurance carriers put a lot of restrictions on the use of the cars they insure. I had my JPS insured for $30K stated value, but upon reading the policy, I was really only insured for shows and parades. What happens if I drive my car on an errand, and some malcontent keys the side of it in the parking lot? Well, with the policy I had before-- the car was left unattended, and you are on your own.
Angela Lane put me onto a guy who was willing to insure my car for pleasure use, but he was only willing to write a policy for $13K of agreed value. $13K doesn't get me very far towards replacement. I eventually signed up for State Farm because they were willing to allow me to actually USE the car.
I'm sure that if I had a total loss, I'd have to settle for something less than the replacement or agreed value of the car, just like I'd likely get rolled if I totaled a work truck or any other vehicle I've got insured. I'm not happy about it, but I've yet to come across insurance that would actually cover me for the complete replacement value of the car, and still allow me to drive it. Expecting this kind of coverage to cost $300/yr is pretty unrealistic.
If somebody has actually read their policy, and has true "agreed value" insurance that will allow 5K mi/ year, occasional pleasure use, and allow the vehicle to be unattended for several hours in a public parking lot, I'd love to know about it.
Insurance is the most difficult part of this whole replica thing. A lot of states have figured out what we've got, and written provisions into the vehicle code to allow replicas to be legally registered as antique vehicles (in the year in which they replicate).
Insurance hasn't caught up here yet. Most "specialty" insurance carriers put a lot of restrictions on the use of the cars they insure. I had my JPS insured for $30K stated value, but upon reading the policy, I was really only insured for shows and parades. What happens if I drive my car on an errand, and some malcontent keys the side of it in the parking lot? Well, with the policy I had before-- the car was left unattended, and you are on your own.
Angela Lane put me onto a guy who was willing to insure my car for pleasure use, but he was only willing to write a policy for $13K of agreed value. $13K doesn't get me very far towards replacement. I eventually signed up for State Farm because they were willing to allow me to actually USE the car.
I'm sure that if I had a total loss, I'd have to settle for something less than the replacement or agreed value of the car, just like I'd likely get rolled if I totaled a work truck or any other vehicle I've got insured. I'm not happy about it, but I've yet to come across insurance that would actually cover me for the complete replacement value of the car, and still allow me to drive it. Expecting this kind of coverage to cost $300/yr is pretty unrealistic.
If somebody has actually read their policy, and has true "agreed value" insurance that will allow 5K mi/ year, occasional pleasure use, and allow the vehicle to be unattended for several hours in a public parking lot, I'd love to know about it.