Insuring a High-Dollar Project Car

95 Z/28 LT1

95 Z/28 LT1

Club Member
I'm asking here because I know a fair amount of you have lots of coin sunk into your rides.

How do you insure your car for its full replacement value?

I'm thinking that it's best to get an appraisal and then go through an insurance company that deals with custom cars?

Who do you use for insurance and how does the appraisal process usually go? Do you have to convince them of your vehicles worth or do they err on the high side?

What if the car was to burn to the ground, then what?
 
There are a few companies that specialize in classic cars or show cars. However depending on the type of car it is, I have heard some policies have clauses about performance or racing the car.

Appraisals are a good idea, and usually the insurance company will use their own. I think Haggerty is on e place worth checking into http://www.hagerty.com/
 
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Before I bought my cars, no insurance company would insure them without an appraisal..My last car (Cutlass) I took it to an appraiser who has a book on what the car is worth with extra options. (don't know what the book was called) the next day the appraiser had paper work on what the replacement value is for the car..(in which I was VERY happy with), I called all the classic car insurance companies for a quote but the best price was with my current insurance, State Farm..... Only because I have my house and multiple cars discounts...Oh having a friend owning the insurance company helps!
 
I use Hagerty and they have pretty good rates. You pretty much tell them how much you want to insure the car for and they give you a rate. Now getting them to insure a wreck that happened at the track...good luck, be ready to say it happened in the street in front of the track.:wink:
 
Haggerty and grundy, will not insure a car with a roll cage, Nitrous or if you ever plan to drive it to work or tye track
 
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