Antique Truck Car Insurance

[desoto1939]

This will be posted on both sides of the forum:

Please beaware of a major issue that you all need to know. There is waht is called inthe insurance world as stated valued and cash value.

With the antique car specilatiy companys like Grundy, JC Taylor they have what is stated valued. This is the value that you and they have agreed upon when you filed you application. In this type of insuracne the car is not depreciated like in you regular car insurance as in a cash value.

If you have had an accident with your regular car the car has a blue book value and it depreciates over time and with milage and condition. This is just like when you take the car off the delaers lot and the car is not worth what you paid.

If you insurace with a cash value company then you have an old car that is used and they go by the blue book value. A 1940 Ply is used even if restored and is worth nothing.

There is a major discussion ob this every year at the AACA convention that is held in Philadelphia in Feb. The stated value is the only way to insure your car.

The cost is very cheap I have my 39 Desoto insured for 15K with full collision and comprehensive and it costs me $115 a year. The compnay that I use is Grundy. They do not have any limit on the amount of miles that I put on the car each year. JC Taylor has a 2500 mile limit.

Please, and I again please check your policys to make sure that if your car is totaled in anaccidnet that you will get the entire amount that you THINK again what you THINK it is insured for you might be in for a very big surprise and find out that the car has no value.

Call several antique car insurance companies and get a quote. I had an accident and crumpled a rear fender and Grundy paid out with out any question to the tune of 1500 and the policy was never increased.

Call me if you want to discuss.

Rich Hartung

desoto1939@aol.com

[Vintrader]

I have used Grundy for over 25 years and am very happy with them and the level of service. I have filed clams 3 times and it was the most painless process I could imagine. I have up to 10 plus vehicles at a time insured, and can not say enough good about them.

Dutch