Classic Car Insurance ?

[Guest]

There is a lot of talk about renting out our cars for various events and one of the issues that comes up is insurance. Most of us insure through the few "specialist" agencies. They all have a host of restrictions on whsat we can do with our cars and one is "it must not be used for any commercial purpose" WHY NOT? We are the best risk in the insurance business, we love and cherish our cars and we spend a fortune keeping them safe and roadworthy. We make every effort to protect them from ANYTHING. SO WHY CAN'T WE USE THEM AS WE SEE FIT?. Are these companies taking advantage of us? In England it is allowed so why not here? What does the court of owner opinion say? Lets have some fun with this one!

[Peter J.Heizmann]

Bill. Before I respond with comments, let me ask you a few questions:<P>--How many car(s) have you dumped tons of hours and work into restoring/maintaining for the sole purpose of the benefit of future generations, then rented them to weddings?<P>--How many of them have you restored then rented to weddings and what was the condition when they were returned?<P>(Any scratches, spilled liquids, vomit?)<P>Regards, Peter J.

[Mark Huston]

An example of what can happen when you rent your nice car out to people who have no respect for your car. I used to have a Cadillac limo with leather interior. I had one time a paying customer get in the back with one of the combs with a long pointed handle in his back pocket. He riped open the back seat. I had other damage done to the car on other "paying" runs. I sold the Cadillac and no longer use my old cars for "extra" money. It is to expensive.

[Guest]

You have every right to use your car as you see fit. The insurance company has every right to make the rules governing issuance of their antique vehicle insurance policies.<P>If you do not like their rules, then go to a general insurance agency and purchase auto insurance through them. Be sure to state that you intend to use the car for commercial purposes.<P>What seems to be bothering you is that you can't get something for nothing.<P>"Nuff said. ~ hvs

[Guest]

Won't be and would not consider renting out my car. Worked long and hard to get the car. There are only several people I'd let drive it and that's with me in the seat next to them. You want to rent it out, get commercial insurance. When your dealing with the general public there are alot more liabilities involved.

[Ron Green]

Talking to one of my co-workers last week about antique cars. They are amazed that I schedule my vacations around car events. The comment was made " its only a car". And this is not the first time I have heard this statement from numerous people. Are these the kind of people that you want using your car that you spent so much time and money on? To most non car people a antique vehicle is on the same level or below as a washing machine or oven.<P>If the antique insurance companys would allow the renting out of our old cars it would only raise the rates of all antique car insurance in time.

[1937hd45]

While we're on this topic it would be interesting to know who the people are asking for the "old car". My guess is that wouldn't know a '57 Chevy from a Cadillac, and only want to stand out from the croud. I believe car club members don't need to ask for a car, we didn't,and left the church in a 1912 Stanley.

[Guest]

i lost count of the number of times I was approached while driving my '27 Buick and asked what year Ford it was, I have even been asked if my Stellite was a british model T.<BR>The best one was said by a guy admiring my '32 Nash, he told his wife it was a long wheelbase model A!<BR>I can't make this stuff up.

[Guest]

i lost count of the number of times I was approached while driving my '27 Buick and asked what year Ford it was, I have even been asked if my Stellite was a british model T.<BR>The best one was said by a guy admiring my '32 Nash, he told his wife it was a long wheelbase model A!<BR>I can't make this stuff up.

[Guest]

I just re-read Bill Lem's post and at the end he asks if the insurance companies are taking advantage of us. What world is he living in? <P>Taking advantage? Geez, has he ever compared the cost of specialty antique car insurance with the cost of insuring the same vehicle with a general auto insurer?<P>Bill, you asked for a court of owner opinion on this one. Well, this juror says you are so far out in left field that you can't even see the ballpark.<P>But then that is just my opinion. ~ hvs

[Guest rcirilli]

Not nany years ago I had my 76 Corvette insured with State Farm on a stated value policy, that ment I said what it was worth and they said what they would pay if it was stolen or damaged. For that right I paid a little over 650.00 a year. When I finally got antique insurance on it I paid 155.00 and got actual replacement coverage. Take advantage, I think we have the deal. I only have five cars right now by a shade over 500.00 is ok by me.<P>As far as renting, I'm picky about who goes for a ride or sits in them let alone let them try to shifting gears.

[Guest]

All I know is that 6 cars cost me just under $1,000.00 a year while my "modern" car with geico is $850.00 by itself.