[MV] Insurance for MV's

Steve Malikoff MV list account (44gpw@phaedra.apana.org.au)
Fri, 27 Nov 1998 09:19:08 +1100 (EST)

Jim said:
> I just insured both my '43 GPW and '67 M151A1 for $113 total for the
> entire year. Both are registered and insured as historic vehicles. For
> this price, I have full coverage with the GPW valued at $8000 and '151
> for $6000. Previously, I was paying over $50 per month for them
> together for liability only.
> I simply contacted a local agent about classic car type insurance. This
> agent did not provide it, but he steered me to someone that did. Shop around.

Same sort of situation here in Australia. I had my 1944 GPW comprehensively
insured under the 'Classic Vehicle' policy of NRMA (a leading Motorist's
organisation) which cost me 86 AUD (about 55 USD) per year, with a restriction
of 8000km driving per year. I changed it to another specialist classic car
insurer, Shannons, when I read the fine print of NRMA's policy, which said
that I would be paid *up to* (but not guaranteed) the 8500 AUD insured value,
and that I would not get to keep the wreck (assuming I was still alive).
Shannons would pay the agreed amount, no questions asked, and I would keep
the wreck. It cost me a fair bit more, but I was more comfortable with it.
I could have just imagined others bidding on my jeep, getting it, and picking
off all the best parts, whilst I was in hospital... :(

Steve.
steven@phaedra.apana.org.au

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