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classic car daily driver insurance?
We are finally restoring our 1970 suburban and when I went to see how much I could borrow to restore it I was surprised when our Credit Union said they would loan up to $12000, the NADA "average retail". We currently just carry liability but I knew we would need full coverage and that with regular insurance a total loss could leave us with a "totaled" payout of less than our loan amount.
When I contacted AAA, they had collector car insurance but not for daily drivers. Looking on the internet most other mainstream and at first all of the collector car insurance companies showed the same restriction. Then I checked out Grundy's. Their website looks like they have daily driver insurance for classics under their MVP )Motor Vehicle Program.
Can anyone confirm that their daily driver program does cover classics and offers agreed value policies on daily driver classics? If so, are there any restrictions? What about cost, say for $16-$20,000 truck?
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