Insurance time again

[50 Dodge Lug Nut]

Just got my renewal, looks like the rate went up 10 bucks. Did a grundy quote and it came back about 12 dollars more than the Amerian collectors i have. heagerty was +50.

used $15500 for agreed value. Maybe I should increas it a bit. Just wondering what kind of value other's might be using and who you are with.

My new rate is 127 per year. Wonder if its worth chasing other quotes, also gotta thinnk about including the Stude truck.

Greg -

I renewed my policy in October with American Modern Insurance--Collector's Auto. The premium is $134 including the mandatory Florida surcharges. This is based on 3,000 miles per year and a declared value of $10,000.

At renewal I was asked if I wanted to increase the declared value. I declined as I hadn't completed all the work and repairs I plan to do or have done this year. I'll probably bump up the value at the next renewal.

This company does require an insured to have the same limits of liability coverage as they have on their daily driver vehicles. Proof of that coverage is required.

One thing I noticed on the policy once I received and read it was the changes to the "trailer" clauses. I believe several or many of you tow Tear--Drops or other trailers and perhaps "carry" your cars on trailers for whatever reason or purpose.

Please do yourselves a huge favor and read and understand the coverage you actually have--once you sift through all the exceptions the insurance company's cockroaches in silk suits---have put into your policies.

I noticed some unfavorable changes in my policy from one year to the next. I called the agent/company for an explanation and was given a lot of double-talk and contradictory explanations. Finally I was asked to submit specific questions on specific sections of the policy and the company would address those questions for me.

I haven't done that yet as I am neither pulling a trailer or carry my car on a trailer, but that might change one day.

So. bottom line: READ YOUR POLICY. Know what coverage you have and what you are paying for, before the unexpected happens.

Frank