Insurance
Team Owner
Joined: Mar 2001
Posts: 21,325
Likes: 3,841
From: small town in S.E Pa. PA
St. Jude Donor '03-'04
I'll add to my post above with the limits on my policy with the NCM:
As I said, $29K agreed value, $415/year premium with 3K miles. It is a restricted policy - car must be garaged, only my wife and I can drive the car, pleasure or car show/parade use only. If you don't use all the miles in one year, they roll over to the next year.
Limits on the policy:
Comprehensive Deductible: $0, Limit is $29K
Collision Deductible: $0, Limit is $29K
Hope this helps.
As I said, $29K agreed value, $415/year premium with 3K miles. It is a restricted policy - car must be garaged, only my wife and I can drive the car, pleasure or car show/parade use only. If you don't use all the miles in one year, they roll over to the next year.
Limits on the policy:
Comprehensive Deductible: $0, Limit is $29K
Collision Deductible: $0, Limit is $29K
Hope this helps.
You mean your comprehensive coverage is only limited to 29 K. so if you hit me and my hospital stay is 50 K + pain an suffering usually 1 to 3X the cost of medical care.. IN severe case that number could be as high as 10X so if you hit me and its a 50 K bill from the hospital and am awarded a 2x pain and suffering that 150K, your insurance company only pays 29K your comprehensive limit... and you are on the hook for the rest???? which would put a lean on your house, car and assets.
BTW, my stay in the hospital in 2013 was 559,000 dollars My Military insurance and Medicare paid 429,000 and the hospital said I own nothing and thank you for your service. that's for two separate surgeries,31 days in critical care, and two weeks guarded care. MY point, hospital care is very expensive. MY hospital has 34 robotic surgical suites and they are always full .
Thread Starter
Drifting
Joined: Jan 2012
Posts: 1,734
Likes: 276
From: Port Huron MI
Thanks all.
There clearly is a wide range of insurance options and coverages...
I truly appreciate the direction and hopefully is draws people's attention to their own coverages and limitations.
I'll definitely be looking into USAA.
There clearly is a wide range of insurance options and coverages...
I truly appreciate the direction and hopefully is draws people's attention to their own coverages and limitations.
I'll definitely be looking into USAA.
Team Owner
Joined: Mar 2001
Posts: 21,325
Likes: 3,841
From: small town in S.E Pa. PA
St. Jude Donor '03-'04
Reviewed mine as well when I got a chance tonight. Here it is, for reference.
34yrs old
Single
Clean Record
2001 ZO6 Corvette
Bodily Injury: $250k/$500k
Property Damage: $100k
Uninsured Motor Vehicle - Non Stacking: $250k/$500k
Underinsured Motor Vehicle - Non Stacking: $250k/$500k
Comp Deductible: $500
Collision Deductible: $500
Emergency Assistance: YES
Rental: NO
$668/yr or $55/mo (ZO6 policy only)
Other Policies w/State Farm
2008 Nissan XTerra
2013 Subaru BRZ
2013 Triumph Daytona 675R
Homeowners Insurance
$1Million Personal Liability Umbrella
34yrs old
Single
Clean Record
2001 ZO6 Corvette
Bodily Injury: $250k/$500k
Property Damage: $100k
Uninsured Motor Vehicle - Non Stacking: $250k/$500k
Underinsured Motor Vehicle - Non Stacking: $250k/$500k
Comp Deductible: $500
Collision Deductible: $500
Emergency Assistance: YES
Rental: NO
$668/yr or $55/mo (ZO6 policy only)
Other Policies w/State Farm
2008 Nissan XTerra
2013 Subaru BRZ
2013 Triumph Daytona 675R
Homeowners Insurance
$1Million Personal Liability Umbrella
Safety Car
Joined: Mar 2016
Posts: 3,534
Likes: 432
From: Atlantic Beach FL.
I custom built my car from salvage to have it just the way I want it. I didn't want to tear up a good low mileage car to make it the way I wanted. It's a hobby.
USAA seems to be okay with it. My biggest fear would be proving the cars worth in the event of a total loss. A lot of it's value to me is time I have in researching, building and sourcing the right parts. I wonder how mileage is taken into consideration on a restoration project. I should probably get appraised somehow.
If It were ever damaged I would probably re-restore with the insurance money.
USAA seems to be okay with it. My biggest fear would be proving the cars worth in the event of a total loss. A lot of it's value to me is time I have in researching, building and sourcing the right parts. I wonder how mileage is taken into consideration on a restoration project. I should probably get appraised somehow.
If It were ever damaged I would probably re-restore with the insurance money.
Melting Slicks
Joined: Oct 2005
Posts: 2,989
Likes: 352
From: Carson City Nevada
I custom built my car from salvage to have it just the way I want it. I didn't want to tear up a good low mileage car to make it the way I wanted. It's a hobby.
USAA seems to be okay with it. My biggest fear would be proving the cars worth in the event of a total loss. A lot of it's value to me is time I have in researching, building and sourcing the right parts. I wonder how mileage is taken into consideration on a restoration project. I should probably get appraised somehow.
If It were ever damaged I would probably re-restore with the insurance money.
USAA seems to be okay with it. My biggest fear would be proving the cars worth in the event of a total loss. A lot of it's value to me is time I have in researching, building and sourcing the right parts. I wonder how mileage is taken into consideration on a restoration project. I should probably get appraised somehow.
If It were ever damaged I would probably re-restore with the insurance money.
Last edited by o2bnkc; Jan 11, 2017 at 05:35 PM.
Race Director
Joined: Apr 2007
Posts: 18,048
Likes: 53
From: long Island NY
04Z heavy modded
Hagerty stated value $55k $500 deductible
Bodily injury $250,000/$500,000
Property Damage $100,000
Supplemental $250,000 per person $ 500,000 per accident
PIP $50,000
Full collision
Zero deductible glass
Flat bed towing and roadside assistance
car rental
$1,200 a year
Exceptional service. Had a claim, pays $65 an hour, only OEM parts.
No milage restrictions, no destination restrictions
Hagerty stated value $55k $500 deductible
Bodily injury $250,000/$500,000
Property Damage $100,000
Supplemental $250,000 per person $ 500,000 per accident
PIP $50,000
Full collision
Zero deductible glass
Flat bed towing and roadside assistance
car rental
$1,200 a year
Exceptional service. Had a claim, pays $65 an hour, only OEM parts.
No milage restrictions, no destination restrictions
Safety Car
Joined: Sep 2005
Posts: 4,062
Likes: 103
From: Southeast, Tennessee
St. Jude Donor '09 thru '26
i also have had my coverage with adam boca at the corvette museum and have had great service from their agency. i had my 78 pace car and 04 commemorative ed on the same policy (no young drivers), 3k miles a yr but with the option to take it to work occasionally and the premium was better than any of the other major companies i received quotes from. sold the 78 and now have a street rod and they still provide the best coverage for the best price for comparable coverage. their service is second to none in my opinion.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Safety Car
Joined: Mar 2016
Posts: 3,534
Likes: 432
From: Atlantic Beach FL.
It is hard to get home owners insurance near the Beach in Florida.
I live near the beach and have pit bulls and cars.
It is a little tight!
I live near the beach and have pit bulls and cars.
It is a little tight!
Last edited by Rob 02; Jan 13, 2017 at 05:31 AM.
Melting Slicks
Joined: Jul 2014
Posts: 2,782
Likes: 314
From: The Lowcountry South Carolina
For 652. we get 300k/500k/and a million in overall comp/coll coverage. $500. deductible and a personal umbrella policy. No mileage, driver, or driving restrictions. Discount from membership 40+ years, includes towing and other misc stuff/fluff. This is actual cash value coverage.
I've checked with NCM, Hagerty, and ACI, since this thread started, each was more expensive (not much) and a whole lot of cumbersome restrictions which to me restricted my enjoyment, thus my use. I've had USAA over 40 years with two claims, in both instances they exceeded my expectations in value, payment and overall service! Without hesitation nor reservation I recommend them to all former and active duty.
Semper Fi
I've checked with NCM, Hagerty, and ACI, since this thread started, each was more expensive (not much) and a whole lot of cumbersome restrictions which to me restricted my enjoyment, thus my use. I've had USAA over 40 years with two claims, in both instances they exceeded my expectations in value, payment and overall service! Without hesitation nor reservation I recommend them to all former and active duty.
Semper Fi
Instructor
Joined: Nov 2015
Posts: 122
Likes: 19
From: Phoenix AZ
For 652. we get 300k/500k/and a million in overall comp/coll coverage. $500. deductible and a personal umbrella policy. No mileage, driver, or driving restrictions. Discount from membership 40+ years, includes towing and other misc stuff/fluff. This is actual cash value coverage.
I've checked with NCM, Hagerty, and ACI, since this thread started, each was more expensive (not much) and a whole lot of cumbersome restrictions which to me restricted my enjoyment, thus my use. I've had USAA over 40 years with two claims, in both instances they exceeded my expectations in value, payment and overall service! Without hesitation nor reservation I recommend them to all former and active duty.
Semper Fi
I've checked with NCM, Hagerty, and ACI, since this thread started, each was more expensive (not much) and a whole lot of cumbersome restrictions which to me restricted my enjoyment, thus my use. I've had USAA over 40 years with two claims, in both instances they exceeded my expectations in value, payment and overall service! Without hesitation nor reservation I recommend them to all former and active duty.
Semper Fi
Instructor
Joined: Nov 2015
Posts: 122
Likes: 19
From: Phoenix AZ
04Z heavy modded
Hagerty stated value $55k $500 deductible
Bodily injury $250,000/$500,000
Property Damage $100,000
Supplemental $250,000 per person $ 500,000 per accident
PIP $50,000
Full collision
Zero deductible glass
Flat bed towing and roadside assistance
car rental
$1,200 a year
Exceptional service. Had a claim, pays $65 an hour, only OEM parts.
No milage restrictions, no destination restrictions
Hagerty stated value $55k $500 deductible
Bodily injury $250,000/$500,000
Property Damage $100,000
Supplemental $250,000 per person $ 500,000 per accident
PIP $50,000
Full collision
Zero deductible glass
Flat bed towing and roadside assistance
car rental
$1,200 a year
Exceptional service. Had a claim, pays $65 an hour, only OEM parts.
No milage restrictions, no destination restrictions