insurance October 04, 2009, 03:20:27 PM i'm looking around at different insurance companies for my 88 bird that will cover the car and all its modifications. but checking around im running into snags. jc taylor says the driver has to be 25. im 19. and hagerty says the car needs to be older then 1984. what does everyone else use on thier modified cars? Quote Selected
insurance Reply #1 – October 04, 2009, 03:24:36 PM I have State Farm and was told that I'll have to have to car appraised. Before taking it off the road for it's reconstruction, I had full coverage with "Replacement" value not "Book" value. Quote Selected
insurance Reply #2 – October 04, 2009, 04:59:20 PM oh ok. i have state farm now. i thought book value was all they did, but i did not ask. you just bring them the car and all your recipts. oh, did they cover only on the road accidents? i heard that taylor covers the car no matter what, accident, storm, garage collapsed, pretty much anything, which sounds awesome. Quote Selected
insurance Reply #3 – October 04, 2009, 05:12:29 PM Quote from: 1BadBird;293650I have State Farm and was told that I'll have to have to car appraised. Before taking it off the road for it's reconstruction, I had full coverage with "Replacement" value not "Book" value.Be careful... ask your agent, "in the case of a total loss, how much will I receive?" I was told by my State Farm Agent that State Farm does not have a policy where you will receive more than Actual Cash Value based on the average sale price of similar vehicles sold in your area.An appraisal will help you negotiate with your insurance company in the case of a total loss, but with nearly all "normal" insurance companies, "Stated Value" policies will not pay out more than the averaged out Actual Cash Value.I have State Farm full coverage on my 'bird, and will have the stereo modifications put on my policy ASAP, but I do not utilize any sort of special policy as the NADA values are reasonable on the Turbo Coupe.1988 Ford THUNDERBIRD TURBO 2 Door CoupeOriginal MSRP: $17,250Low Retail Value: $2,558This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.Note: This value does not represent a "parts car".Average Retail Value: $4,813*This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".High Retail Value: $7,838This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *.* "100 Point" or "# 1" vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facilitySource: http://tinyurl.com/NADA-Turbo-Coupe Quote Selected
insurance Reply #4 – October 04, 2009, 06:59:58 PM I'll be talking with my agent when I get the bird ready to go back on the road as it will have many modifications. Yes, the sound system policy is good to have. Quote Selected
insurance Reply #5 – October 04, 2009, 10:34:45 PM Check out Grundy.I have my'88 TC with them it's a 5.0HO with some other minor mods.Grundy has been great.I have it insured for $5,000 in case of total loss,you set a value,supply some pics.(and I had to supply a pic.of the garage it stays in),very few restrictions and the premium is $102 a year.Your age may be a problem,but I'm not sure.Doesn't hurt to check.Good luck. Quote Selected
insurance Reply #6 – October 05, 2009, 12:00:46 AM Yeah, most collector car insurances have mileage requirements, and at the very least require that you park it in a garage. Also, I would be HIGHLY suprised if any regular insurance company actually gave you the RETAIL value for the car if totaled, more than likely it would be private party sale value at best, or, whatever the going rate for an unmodified car is. You would definitely have to negotiate those points. Quote Selected
insurance Reply #7 – October 05, 2009, 04:05:15 PM That's why you keep your receipts and pics of how the car looked before the accident. :hick: Quote Selected
insurance Reply #8 – October 05, 2009, 06:30:43 PM Quote from: 5.0 bird;293764That's why you keep your receipts and pics of how the car looked before the accident. :hick:Very true!Shiny Side Up!Bill Quote Selected
insurance Reply #9 – October 05, 2009, 08:28:04 PM wow i just applied for hagerty for my 85 elan and its 148 a year.. then again im over 30 so maybe thats the reason Quote Selected
insurance Reply #10 – October 05, 2009, 08:52:59 PM i guess i'll check out grundy. i'd really prefer to have taylor. i hear good things about them. maybe i'll call and ask if i can somehow work something out. i understand how mine might be more expensive, but not offering it to me at all sounds kinda dumb Quote Selected
insurance Reply #11 – October 07, 2009, 01:51:49 PM Quote from: grutinator;293811i guess i'll check out grundy. i'd really prefer to have taylor. i hear good things about them. maybe i'll call and ask if i can somehow work something out. i understand how mine might be more expensive, but not offering it to me at all sounds kinda dumbWell, speaking as someone who must justify profit and loss at work, not offering insurance at all to guys under 25 is probably kinda smart. The rates to "cover" the age group would probably have to be so high you couldn't afford them and then you would be angry because your rates were too expensive. This way, they can offer a reasonable rate with a reasonable risk and everyone is happy. Well, everyone over 25 anyway.... Quote Selected
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