Another Insurance question
Thread Starter
Racer
Joined: Jul 2006
Posts: 442
Likes: 24
Another Insurance question
Does anyone use http://www.corvetteinsurance.com/index.cfm they had an ad in corvette magazine. I would use other companies like Haggerty but I cant take the car to work with those companies. I only drive it 2000 miles per year.
Thanks in advance for your input.
Thanks in advance for your input.
Thread Starter
Racer
Joined: Jul 2006
Posts: 442
Likes: 24
Administrator
Joined: Mar 2001
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
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I've had the NCM insurance on mine since last July. Thankfully no claims needed, and their pricing for an agreed value policy was very comparable to what I was paying before for a non-agreed value policy.
Burning Brakes
Joined: Sep 2006
Posts: 1,228
Likes: 39
From: South Central PA
2017 C3 of Year Finalist
I've had them for probably 4 years. Very easy to work with. I have a 3000 mile limit and I added an option to drive occasionally to work. That sounds like what you would need.
There are two things that I'm a little confused about, but haven't been an issue for me yet. From my understanding, if you go over your mileage, you can simply call them and have it bumped to the next level. In my case it would be bumped to 6000 miles. But I think I remember someone saying if you don't use all of your miles in a year, it sort of rolls over. So say one year I'm really busy and barely drive the car but the next year I plan to hit up the NCM, Corvettes at Carlisle, and Fun Fest. If I go over 3000, I would be ok since I was so low the year before. Also "pleasure cruises" are a little confusing. Let's say I need to go up the block to pick up dinner. I'm not sure if I'm allowed to take the Vette or not. I've heard some people say yes and some people say no.
I would guess you would have both of those "issues" no matter what classic car insurance you go with, but it's just something to think about and maybe questions to ask.
There are two things that I'm a little confused about, but haven't been an issue for me yet. From my understanding, if you go over your mileage, you can simply call them and have it bumped to the next level. In my case it would be bumped to 6000 miles. But I think I remember someone saying if you don't use all of your miles in a year, it sort of rolls over. So say one year I'm really busy and barely drive the car but the next year I plan to hit up the NCM, Corvettes at Carlisle, and Fun Fest. If I go over 3000, I would be ok since I was so low the year before. Also "pleasure cruises" are a little confusing. Let's say I need to go up the block to pick up dinner. I'm not sure if I'm allowed to take the Vette or not. I've heard some people say yes and some people say no.
I would guess you would have both of those "issues" no matter what classic car insurance you go with, but it's just something to think about and maybe questions to ask.
Burning Brakes
Joined: Oct 2014
Posts: 874
Likes: 107
From: Detroit MI
I was ready to buy an NCM policy earlier this year until I found out that errands are a big no-no. Tdogg...that dinner trip would be prohibited. Want to run to the grocery store for milk and eggs on a nice sunny Sunday afternoon? Forget it. "Pleasure drives" are just cruising along, enjoying fall colors, or taking in scenery of some sort.
I found a post from the NCM rep specifying this from a few years ago. It's just the nature of classic car insurance. ALL you can do is take the car to car events and to work once a week (if you buy that option). If you do more and get in an accident, there's a good chance you won't be covered.
It's a shame because I only drive my car 5k miles/year, if that...but I really enjoy taking it to the store or dinner when it's nice during the summer. I don't attend "car events" other than the track, so the insurance really doesn't do me any good.
I found a post from the NCM rep specifying this from a few years ago. It's just the nature of classic car insurance. ALL you can do is take the car to car events and to work once a week (if you buy that option). If you do more and get in an accident, there's a good chance you won't be covered.
It's a shame because I only drive my car 5k miles/year, if that...but I really enjoy taking it to the store or dinner when it's nice during the summer. I don't attend "car events" other than the track, so the insurance really doesn't do me any good.
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Burning Brakes
Joined: Sep 2006
Posts: 1,228
Likes: 39
From: South Central PA
2017 C3 of Year Finalist
I was ready to buy an NCM policy earlier this year until I found out that errands are a big no-no. Tdogg...that dinner trip would be prohibited. Want to run to the grocery store for milk and eggs on a nice sunny Sunday afternoon? Forget it. "Pleasure drives" are just cruising along, enjoying fall colors, or taking in scenery of some sort.
I found a post from the NCM rep specifying this from a few years ago. It's just the nature of classic car insurance. ALL you can do is take the car to car events and to work once a week (if you buy that option). If you do more and get in an accident, there's a good chance you won't be covered.
It's a shame because I only drive my car 5k miles/year, if that...but I really enjoy taking it to the store or dinner when it's nice during the summer. I don't attend "car events" other than the track, so the insurance really doesn't do me any good.
I found a post from the NCM rep specifying this from a few years ago. It's just the nature of classic car insurance. ALL you can do is take the car to car events and to work once a week (if you buy that option). If you do more and get in an accident, there's a good chance you won't be covered.
It's a shame because I only drive my car 5k miles/year, if that...but I really enjoy taking it to the store or dinner when it's nice during the summer. I don't attend "car events" other than the track, so the insurance really doesn't do me any good.
Burning Brakes
Joined: Oct 2014
Posts: 874
Likes: 107
From: Detroit MI
So, in Michigan where we only get 7 months to enjoy our cars, I like to take the Corvette out on nice Sundays when I need to go to the store, or when we go to lunch or dinner. I do so because it's pleasurable to drive the car, but does that constitute a "pleasure drive"? I still will drive the car less than 5k miles/year, and that seems like it should be the only concerning factor.
But I know I read a post by Adam saying that this activity is not allowed. I wish the "pleasure drive" had a clearer definition, because that's what I'm caught up on. I meet all the other criteria, and I'd love to have stated value coverage at a way cheaper price than I'm paying for regular coverage like the rest of my cars.
But I know I read a post by Adam saying that this activity is not allowed. I wish the "pleasure drive" had a clearer definition, because that's what I'm caught up on. I meet all the other criteria, and I'd love to have stated value coverage at a way cheaper price than I'm paying for regular coverage like the rest of my cars.
Burning Brakes
Joined: Oct 2014
Posts: 874
Likes: 107
From: Detroit MI
With collector car insurance there are several usage restrictions that must be met in order for us to provide coverage.
1. We insure vehicles that are used for occasional pleasure use.
2. Car Shows
3. Cub Events/Parades
We do not insure vehicles that are used for errands. So if you go to the grocery store, shopping mall, ball fields, etc. You are best suited for standard car insurance. If you are passionate about your car, and want to protect your investment/passion and fit within the 3 guidelines mentioned above, we should talk.
1. We insure vehicles that are used for occasional pleasure use.
2. Car Shows
3. Cub Events/Parades
We do not insure vehicles that are used for errands. So if you go to the grocery store, shopping mall, ball fields, etc. You are best suited for standard car insurance. If you are passionate about your car, and want to protect your investment/passion and fit within the 3 guidelines mentioned above, we should talk.
http://www.ncminsurance.com/what-is-...different.html
I guess it wasn't a post I read, but on the website itself!
Sure, the entire "pleasure use" thing is up to interpretation, but to me, taking the car for a drive when I'm going to the grocery story is a pleasure drive, and also "not insured".
Melting Slicks
Joined: Dec 2011
Posts: 2,234
Likes: 64
From: Gulf Coast Mississippi
St. Jude Donor '13-'14-'15
Might want to check Hagerty as well, they beat everyone when I was insuring my car, I was insuring my car for the amount I have spent building her I might add, but it was a very good price considering the coverage I have.
Melting Slicks
Joined: Jun 2013
Posts: 3,473
Likes: 691
From: West Virginia
All this specialized insurance stuff is interesting, but we have multiple vehicles - and the Vette is not the most expensive part of our existing multi-car policy. Separating it out and having all kinds of exclusions just makes no sense at all.
Race Director
Joined: Apr 2007
Posts: 18,048
Likes: 53
From: long Island NY
Does anyone use http://www.corvetteinsurance.com/index.cfm they had an ad in corvette magazine. I would use other companies like Haggerty but I cant take the car to work with those companies. I only drive it 2000 miles per year.
Thanks in advance for your input.
Thanks in advance for your input.
Le Mans Master
Joined: Oct 2007
Posts: 9,818
Likes: 3
From: Virginia Horse Country
St. Jude Donor '10 thru '24
Another restriction that bothered me was the vehicle being kept in a locked garage. Although I almost always do this, I've wondered what happens if you're at NCM overnight or at Carlisle at a hotel and the car is parked in the hotel lot. I talked to the insurance company NCM writes for and never got a clear answer although Adam tells me the coverage would apply...I sure hope so!
Le Mans Master
Joined: May 2006
Posts: 6,774
Likes: 363
From: Midland TX
I think I can prove that I never drive my C5 for "pleasure". Between all the pickup trucks, potholes, cracked streets and rolling telephone booths, I am "white-knuckling" it every time I leave the garage! 
I would not consider an obstacle-course relaxing or pleasurable.
I would not consider an obstacle-course relaxing or pleasurable.
Burning Brakes
Joined: Sep 2006
Posts: 1,228
Likes: 39
From: South Central PA
2017 C3 of Year Finalist
That's from the NCM website, here:
http://www.ncminsurance.com/what-is-...different.html
I guess it wasn't a post I read, but on the website itself!
Sure, the entire "pleasure use" thing is up to interpretation, but to me, taking the car for a drive when I'm going to the grocery story is a pleasure drive, and also "not insured".
http://www.ncminsurance.com/what-is-...different.html
I guess it wasn't a post I read, but on the website itself!
Sure, the entire "pleasure use" thing is up to interpretation, but to me, taking the car for a drive when I'm going to the grocery story is a pleasure drive, and also "not insured".
Burning Brakes
Joined: Oct 2014
Posts: 874
Likes: 107
From: Detroit MI
This is were I also get confused. Some things are definitely a pleasure cruise. But some things are a gray area. For example, take the car out for a little drive and stopping for lunch. To me, that is a pleasure cruise, but I have no idea if it would be covered. I have no interest in having my Vette be my DD. I have other cars for that and I don't want the wear and tear inflicted on my Vette. However, I do want to be able to drive it on nice sunny days, even if it means going straight to the golf course and back. I'm just not sure how that is covered.
Thread Starter
Racer
Joined: Jul 2006
Posts: 442
Likes: 24
NCM fit the bill for most of us. No errands tho. But every time I get close to getting ins its always something . Now it has to be in a garage every night.
They all understand certain things that may break policy until they have to pay. Anyone have without the garage restriction ?
They all understand certain things that may break policy until they have to pay. Anyone have without the garage restriction ?