First Time C5 Owner
Thread Starter
Instructor
Joined: Jul 2017
Posts: 196
Likes: 10
From: Marietta Ga
First Time C5 Owner
First I would like to thank all the forum members that helped and answered all the questions I had. I think the advice to read all the sticky notes and be patient really steered me in the right direction. i am attaching several pictures and hopefully will be able to help someone else in the future with questions they may have. I have added the corvette to my regular insurance but will now start shopping around with the NCM insurance and others. My regular insurance will not cover the value that I paid but I understand the NCM does on an agreed amount. Couldn't"t really tell what my insurance would cover. My current insurance will let me drive as much as I want and the "speciality" insurance has restrictions on mileage and usage. Any thoughts-I would like the vehicle covered close to my investment cost.
Thanks,
Golfing Bob[ATTACH]
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Thanks,
Golfing Bob[ATTACH]
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Melting Slicks
Joined: Dec 2011
Posts: 2,509
Likes: 946
From: Western New York
First congrats on beautiful looking corvette! Now regarding Agreed Value check around I wasn't able to use NCM on my 17 cause they told me they couldn't insure in New York State. I went with American Modern which is a giant insurance company in Germany and was referred to by NCM. I think they may be there parent company. There are restriction with this type of policy. In my case I must have another car for DD other than Corvette, must be stored in garage , can't be used to run errands such as going to grocery store. As for mileage I was able to find a mileage amount that would work for me . Mine is stored 5 1/2 months. My car is used for fun runs ,cruise night, etc , so none of the restriction was a problem for me. Just do your home work and make sure what you can and can't do with policy.Dave
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Congrats Bob on getting your C5. I have my car insured through the National Corvette Museum under an agreed value policy. Has worked out well for me even with the mileage and usage restrictions. Give the staff at the NCM Insurance Agency a call and discuss your needs and get a quote.
Melting Slicks
Joined: Nov 2014
Posts: 3,399
Likes: 1,339
From: Havre de Grace Maryland
Bob, great looking car. Congratulations. When I bought my C5 3 years ago (age 71), I did not want a limitation on when/how I drive the Vette. I have a DD for those rainy/snowy days. I also did not care about an insured value because this is my fun car, not an investment (for me). I let my survivors figure out what to do with it when I am gone. 
BTW, I pay $500 a year for full coverage with $100 collision ded. 
BTW, I pay $500 a year for full coverage with $100 collision ded.
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Racer
Joined: Apr 2017
Posts: 323
Likes: 57
i understand wanting to protect your purchase but at the same time she is just to beautiful not to ride. i could not handle the restrictions that an insurance company would put on me. i like to drive to much!
beautiful ride again.
Mike
beautiful ride again.
Mike
Safety Car
Joined: Sep 2008
Posts: 4,754
Likes: 167
From: Youngsville North Carolina
I'm with you Mike - I was gonna offer to the OP the same advice....
Too may to be a collector - so get out there and drive that thing
