RicardoFors68

Looking at alternatives to better protect my project. This might be one, but I don't know anything about it. Please make me smart about it, specially if you have first hand experience with them.

1968swbbigblock

No claims experence but I have looked at thier pricing and policy fine print and found it to restrictive for a car i wanted to drive whenever and wherever I wanted to but is not a daily driver.

RicardoFors68

I saw those restrictions, I wouldn't mind as I don't drive my car but on weekends if I get my kitchen pass approved.

pure zen

So far, its been a great experience with NCM. Have two cars with them, one with a 6K mile annual limit....the other a 3K mile limit, both non-daily drivers. Saving me many $$$.

RicardoFors68

You just tell them what your payout should be, set your yearly mileage and deductibles?

Jimnc

I investigated NCM but found they don't write in every state and not in NC.

mcandrew67

I have agreed on value in case of a total loss, 6000 miles a year limit, which I don't even come close to.
Don't take it to the track even for an event as it will not be covered. Ask me how I know,,, or don't actually
You must show proof of another vehicle to drive, and you cannot drive it to work or errands.

RicardoFors68

Thank you sir. Good points, I have no issues except for the track thing. Supplementary coverage with another company perhaps? But then it goes back to not getting actual value of the sum of all parts....In two years I've put about 1k miles so I'm good. I have 3 other cars, check. Retired, don't work, check. errands? Man, there goes my excuses to drive the car...Truly for show only then huh?

jbc1995fb

I looked into it as well. Mine isn't a daily driver and I average a little over 3K miles per year. They had too many restrictions. I asked if I let my father or brother drive it are they covered and the answer was no.

RicardoFors68

Hmm, I wonder who else can insure for full or near full value on a modified car?
Thanks jbc

mcandrew67

I think Hagerty have less restrictions on their policies,
https://www.hagerty.com/

jimmie jam

I just paid my third premium last week. Cost is HALF as much as State Farm WITH agreed value. I think that I'm limited to 3K a year but with only 6,400 miles in 10 years that is not a problem for me. I have a friend that has had NCM and has had a claim that was handled with ease...FWIW $520/yr

RicardoFors68

I'll check Hagerty for comparison sake. Hmm, hard to argue with $520 a year.
Thank you guys.

mcandrew67

Hagerty was almost double for me, I pay $500 with NCM and Hagerty quoted me $917 but it was a lot less restrictive.
I guess, the assumption is the lower the risk the lower the price.

RicardoFors68

Well worth the try. I pay around $1k for all 4 of my cars, 2 vettes included, but I know I wont get anything more than KBB for a base C6 instead and lose my azz with all the modifications. So, thank you guys once again, have plenty to go on.

RicardoFors68

Just got my quote from Hagerty, $909 a year, with assigned value, unlimited miles....

Rky Mtn C6

I went with NCM (The actual insurance company is American Modern Home Insurance Group with an A+ rating) when I realized USAA had been screwing me for years. When I took out my policy, NCM simply asked me what the value of my cars were, and that was that. I pay about $690.00 a year for 2 Corvettes (1978 and 2012). I have 6k mile limits on both Corvettes. My 2012 usually gets 4-5k per year, and the 1978, maybe 3k. The good thing is that unused mileage roles over to the next year. When I renewed, I was not asked to provide current mileage.

I don't have any claim experience. My policy says that I have some "unique" coverage:

1. Agreed value with inflation guard. If a total loss occurs, I get the agreed value plus 2% of the agreed value per quarter throughout the policy term.

2. $2,000 coverage for spare parts, accessories, and emergency tools.

3. $75.00 towing coverage per incident.

4. $600.00 trip interruption coverage

5. $750.00 for injury/death of pet.

NCM may not be for everybody, but for what I use my Corvettes for, it's the best for me.

64Ragtop

I've been with them (NCM) for over two years now with a 6000mi. limit. I found them very easy to work with and priced at have the cost of most major insurance companies, how could you go wrong. Give Bobby Joe a call. I'm sure she would be happy to answer all your questions.

RicardoFors68

Im assuming that i have to have the car with me before I call right?

mcandrew67

When I got the insurance with them they had me take pictures and send to them