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Re: Thoughts/advice on letting classic car insurance lapse
[Re: Ramrod39]
#3160025
07/16/23 06:10 PM
07/16/23 06:10 PM
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Joined: Dec 2003
Posts: 22,696
Bitopia
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,696
Bitopia
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Haven't walked in your shoes, but I would think for a few hundred dollars the peace of mind alone would be worth it to not "save a few hundred dollars. Good idea? Bad idea? Thoughts" and a good idea to spend it.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
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Re: Thoughts/advice on letting classic car insurance lapse
[Re: moparmike1]
#3160502
07/18/23 11:20 AM
07/18/23 11:20 AM
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Joined: Jul 2003
Posts: 3,455
Newburgh, NY
Old_Moparz
master
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master
Joined: Jul 2003
Posts: 3,455
Newburgh, NY
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Could save a few hundred dollars. Good idea? Bad idea? Thoughts? Bad idea, seriously. I'll agree with this, too. I'd rather sell a spare part or even a car for the insurance premium before I take a chance with Murphy's Law.
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Re: Thoughts/advice on letting classic car insurance lapse
[Re: Old_Moparz]
#3160537
07/18/23 12:16 PM
07/18/23 12:16 PM
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Joined: Sep 2003
Posts: 19,355
north of coder
moparx
"Butt Crack Bob"
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"Butt Crack Bob"
Joined: Sep 2003
Posts: 19,355
north of coder
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i have owned my junker since 1970. in the years since, i have had insurance on it for all but a few years. in all those years, it hasn't seen the road for many of them. i have been hoping to get back on the road, but every time i think it may happen, some damn health issue crops up !  this year, my wife is having memory problems, and i just spent 3 or 4 days in the hospital last week for heat exhaustion and severe dehydration ! [my own fault, or as my old man would have told me : "get a bag of quarters and back up to the a$$kickin' machine !"  ] 
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Re: Thoughts/advice on letting classic car insurance lapse
[Re: moparjim79]
#3161358
07/20/23 03:26 PM
07/20/23 03:26 PM
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Joined: Feb 2005
Posts: 3,958
SW Fla.
CYACOP
master
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master
Joined: Feb 2005
Posts: 3,958
SW Fla.
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My opinion-the people who let their insurance lapse on their classics are usually the same people who wind up regretting it. I had 3 cars at one time insured through Hagerty. $45k worth of agreed value insurance for $278.00 annually. If you cannot afford that, you need to re evaluate some things in life. That was then and now it's more.
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Re: Thoughts/advice on letting classic car insurance lapse
[Re: Tom_440]
#3161369
07/20/23 04:09 PM
07/20/23 04:09 PM
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Joined: Oct 2007
Posts: 4,321
St. Louis, Mo
318 Stroker
master
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master
Joined: Oct 2007
Posts: 4,321
St. Louis, Mo
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Of course your mileage will vary, but my friend with homeowners insurance had his non-insured classic in the garage. The car was stolen. The first things the homeowners insurance company (Travelers) did was deny coverage for the stolen car as their homeowners policy does not cover vehicles.
To my knowledge, no homeowner insurance companies cover cars. You need a car insurance policy for that.
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