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Old 10-28-04, 06:15 PM   #6 (permalink)
Howard Jones's Avatar
10 tenths
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Join Date: Jun 2002
GT40: San Francisco Bay Area California USA
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Re: Insurance during construction

I think you need to shop homeowners insurance not hotrod insurance. You more than likely have 60 grand or so worth of property in your garage. I would shop homeowners insurance with this as a primary consideration durning the build process. You will need to keep careful records as to parts bought along with bill of sale and recepts. Also pictures would be good on a monthly basis.

You can return to your current homeowners company when you are able to buy a stated value hotrod policy.

I have farmers and I had a stated value writer atached to my homeowners durning the build that was a sum of the parts value. Farmers also had a stated value policy that was a good deal when part of a total insurance package. Multi car, life , and homeowners.

My GT40 @ 50k stated value limmited to 5k miles per year and must be garaged at night is equal in cost to my 1988 chev pickup without colision but listed as my primary vehicle. I also get a 20% redution on my homeowners for having my life with them.

I am not a insurance guy or have any relation to farmers.
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