Insuring a Replica during build - USA

Big-Foot · 04-02-08, 12:10 AM

Hi Guys,

So of those of you in the USA that have your builds insured - please let me know who you are using...

I'm primarily interested in those like me who have not finished their cars and have not yet registered them...

Right now, mine is insured on my Homeowners policy as a collection of parts - since my agent can't seem to find anyone that will insure it without it being registered with a VIN.

Thanks fellas...

Chris_K · 04-02-08, 02:36 AM

Hey Randy,

ANPAC was the only company I found that was willing to cover during the build. Agreed upon value, reasonable costs. If I ever get done, it seemed pretty reasonable to turn liability on as well.

The down side (if you had to find one) is that they wanted all my coverage. For me, being new to town and not having built a relationship with any particular agent, this didn't pose much of an issue. If your agent is a long standing friend or whatever, this might be a bummer.

anpac.com

Find a local agent and ask about their Chrome coverage. I think that's what I have.

John · 04-02-08, 07:33 AM

Randy,

Hagerty Insurance Agency (800-922-4050) insured mine during the build - I could later add additional coverage.

Good luck on your build!

John

Big-Foot · 04-02-08, 09:58 AM

Thanks guys - I'll check them out...

LloydGT40 · 04-03-08, 02:09 PM

Good luck on this one. Homeowners would not cover car parts over $500. Every insurance company wouldn't insure it until it was drivable/registerable car. Until its drivable its car parts. Hagerty was the only company that would insure at 80% complete. They want pics to prove it. Once i got the motor in and the wheels on it satisfied them

LLoyd

LLoyd

Bill Musarra · 04-03-08, 05:25 PM

Randy,
I think you will run into that problem with most. I am going to use Heacock Classic now that mine is almost ready to drive. They only want you to establish the VALUE of the car. The premiums are all based on that. I originally wanted it set at $80K. When I got the quote, we renegotiated , and I settled on $60k. The premium includes a $1000 deductible. Liability and uninsured motorist at $300k. Mileage is 3000 yearly. They threw in a $500 coverage for lost or stolen replacement parts. They also wanted pics as well. If you are near completion, give them a call. (800)678-5173 Classic Car Insurance - Heacock Classic

Bill

Rob · 04-03-08, 11:08 PM

Randy,
I did the same. Home owners..."antique parts collection" (check your policy for coverage limit), then Haggerty once it looked like a car.

Big-Foot · 04-03-08, 11:39 PM

Hi Guys,

Yeah - I have a special "Rider" on my homeowner's policy right now that cover my collection of parts. I'm going to make some calls tomorrow and see if I can't figure out something else..
My agent found one company (J.C. Taylor) that will insure it but they want to do a Full-Coverage policy for a 50k stated value for $1,100 per year. That's too much.
My American Collector's insurance on my 1969 Camaro-SS is only $220 a year for full coverage and a 35k stated value. American Collectors, however, won't bind coverage until it's "a registered car" rather than a collection of parts that may look like a car.. ((sigh))

Bill Musarra · 04-04-08, 06:51 PM

Forgot to mention it in my last post. The company that Heacock uses is American Modern Insurance Company (Rated A+)

Bill