Quote:
Originally Posted by cebra
An interesting conversation popped in my thread about how I basically have a $35K vehicle that if stolen I get $600. If I hit someone and total it...$600. If someone without insurance hits me...yep. Now if someone with insurance hits me and totals it then I have a "stated value" of $35K my insurance company can go after. The real suck is that my truck is only worth $600 according to BV so small fender bender and it has a salvage title.
No classic car insurers I have spoken with will insure a classic vehicle that gets 20K miles per year minimum put on it and is not stored in a personal garage.
Stated value is almost useless but I have it as it is cheap. The last time I researched this extensively I came up with nothing. Does anyone that drives their vehicle have true comprehensive insurance?
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Great topic. I hope to see some good answers. I am in the same boat. I called Safeco as I heard they do but they do not cover cars in Hawaii