insurance ? for winter storage
Thread Starter
Burning Brakes
Joined: Feb 2005
Posts: 838
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From: Illinois/Ca
insurance ? for winter storage
I have a insurance question for those who store their cars during the winter.
I called my insurance company the other day to let them know I wanted the vette in storage from Nov 1 to March 1. Rather than pro rating the premium they are charging me the full premium. The extra $ will then be credited to my account in march.
I've stored other cars and never had a problem with getting a pro rated price for storage. They claim that is their policy now..
When I asked them what happens if I cancel my insurance with them mid November - oh then we will pro rate it up until you cancel and send you the balance in a check.
But they can't pro rate it to begin with?
Just wondering what others have encountered.
Jeff
I called my insurance company the other day to let them know I wanted the vette in storage from Nov 1 to March 1. Rather than pro rating the premium they are charging me the full premium. The extra $ will then be credited to my account in march.
I've stored other cars and never had a problem with getting a pro rated price for storage. They claim that is their policy now..
When I asked them what happens if I cancel my insurance with them mid November - oh then we will pro rate it up until you cancel and send you the balance in a check.
But they can't pro rate it to begin with?
Just wondering what others have encountered.
Jeff
Last edited by JCFILM; Oct 2, 2005 at 05:59 AM.
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When I dropped my coverage down to just comprehensive, my company would prorate immediately too. Sounds like a 
policy to me.
policy to me.
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Originally Posted by TkitPlz
When I store mine I reduce the coverage to just comprehensive. The premium is reduced accordingly. No way should you have to keep full coverage on a stored car. Dan
- Your insurance company is floating your premium. Full use with a promise to pro-rate in the future. I would check other carriers out.
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Race Director
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From: Baltimore suburbs Maryland
Im surprised they dont have a 'winter storage' provision. I know state farm does, where you can still keep your tags on the car so you don't cancel the insurance altogether but it may not be driven more then 5 miles I believe. Then the rate drops down to like 15 or 20% of what you usually pay during the dormant time.
Thread Starter
Burning Brakes
Joined: Feb 2005
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From: Illinois/Ca
Originally Posted by JDs00PewterCoupe
When I dropped my coverage down to just comprehensive, my company would prorate immediately too. Sounds like a policy to me.
policy to me.The local office blaimed it on "company policy." I told them to tell their main office that they just lost a client because of their "company policy"
Off to look for a new insurance company.
Jeff
Last edited by JCFILM; Oct 2, 2005 at 03:56 PM.
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Oldtimer
Originally Posted by Postergeist
That's just wrong. Like the others, I drop the collision and liability coverage - just keep comp on it. I get an immediate reduction in premium.
Thread Starter
Burning Brakes
Joined: Feb 2005
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From: Illinois/Ca
Originally Posted by DevilDog II
If your car is financed, it may be a requirement of your contract that you maintain full coverage all year. When my son had his Cobra and was stationed in Japan, I had to go through all kinds of red tape with Ford Motor Credit to cancel the insurance for that very reason.
Never expected to have this trouble with Country Companies.
Jeff
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Mine is stored from November through April, removing collision only. The day I store it I notify my insurer and within two weeks I receive a refund for that portion of the insurance for those six months. It only takes a phone call from me to start or stop the coverage.
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Originally Posted by TkitPlz
When I store mine I reduce the coverage to just comprehensive. The premium is reduced accordingly. ...............................
Originally Posted by TkitPlz
........................................ .. No way should you have to keep full coverage on a stored car. Dan
Instructor
Joined: Aug 2004
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From: Parry Sound Ontario
I get a credit as well starting Nov 1 when I carry only fire and theft. I don't get a check, only the credit when my annual premium comes due in June.
Not a real problem with me as I can drive the car any time I want as long as I call my agent in advance, & by advance I mean two minutes. I can call and cancel as often as I want.
Not a real problem with me as I can drive the car any time I want as long as I call my agent in advance, & by advance I mean two minutes. I can call and cancel as often as I want.
Pro
Joined: Aug 2004
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From: Eastside WA
Originally Posted by eRiCdWoNg
Im surprised they dont have a 'winter storage' provision. I know state farm does, where you can still keep your tags on the car so you don't cancel the insurance altogether but it may not be driven more then 5 miles I believe. Then the rate drops down to like 15 or 20% of what you usually pay during the dormant time.
