Ferrari Mailing List: Re: Insurance recommendations

[Fellippe Galletta (fellippe.galletta]

George raises a good point.....not just about money but coverages.

I had a bad incident with insurance last year that was a worst case scenario -- rental car, declined coverage, I was at fault, and not covered because it was for work use not personal. Nice little fine print excluded GEICO from covering me due to that technicality....and if I lied about it, they never would have known otherwise.

Everything is purely business, no sense of discretion or anything. Past performance of no incidents means nothing whatsoever. 

I was told that's part of the reason why they are cheaper than other carriers.....won't be going back to them when I have a car again, that's for sure. 

Of course we should all be wary of the fine print and all, but I'd naturally value a company that gives you that gut impression that they are more about the service than the outright fees, esp for an exotic. 

As long as it's not a huge premium, I'm sure it's ok. 

FG

On Tue, Aug 19, 2014 at 12:20 AM, George <ygpz4re [at] hotmail.com> wrote:

Charles,

I know you've commented that you already found Hagerty too expensive.  But in my searching for classic car coverage for the old blue car, they were about the only ones who said "ok" to the *occasional* drive in to work.  Nothing against Grundy (never used them, and I respect Lashdeep's opinion/comments), but I did not get answers from them for my "mileage restriction" or "drive to work" questions.  Also, they would not put the Spitfire on the policy because it was wasn't worth enough.  Finally, though not significantly, they were a tad more expensive than Hagerty.

One more thing, I know at least one other person with Hagerty (and with whom I discussed this at length) who has made several "not insignificant" claims, with nary a word toward dropping the policy or jacking the rates.

FWIW, YMMV, NFI, yadda yadda yadda......

gp

p.s. - I used to have the Spitfire on my "everything else" State Farm policy, and saved about $200/year by moving it to the Hagerty policy.  Even w/ agreed value of $5K (on a good day, right?).   ;-)

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