[GtoFM]

Those doing a frame off resto, who are you using for insurance and what hoops are they demanding you jump thru? If you are relying on your homeowner's insurance, you may be on a slippery slope.

[unruhjonny]

I looked for this thread because of your post in the other;
This is in part why I initially went with Hagerty;
agreed value, and two of the three vehicles I have with them are not driving at the moment - the Firebird is totally blown apart.

[Mr Twister]

I had a Garage fire. Total loss and the homeowners insurance company did not pay for any auto related or auto parts.

[locomotivebreath]

I insured it through hagerty . They offer policies for unfinished/non opp projects . The policy would increase the value of the car quarterly I think , assuming progress and more money spent on the car .

[The Champ]

The GTO, the Camaro and the Caddy Limo were all insured with Hagerty during their restoration. No hoops to jump through, just keep updating values as progress was made.

Homeowners policies are not intended to cover motor vehicles. Possible exception - in 1979 when the roof of my dad's garage collapsed due to heavy wet snows they did cover damage to the 1949 Caddy, but only because it wasn't licensed at the time.

My brother's 1967 Mercury daily driver was crushed, but it was licensed, so not covered.

Initially the Caddy coverage was declined, but on appeal it did get covered. The only damage to the Caddy was a football sized dent in the roof, a stainless molding around the passenger side windshield was destroyed and the passenger side windshield was broken. While the Mercury got crushed, the Caddy limo supported most of the roof on the 7 stall garage. It did have some help from the 1960 Studebaker dump truck parked next to it that was undamaged...

[FrankieT/A]

Originally Posted by Mr Twister

I had a Garage fire. Total loss and the homeowners insurance company did not pay for any auto related or auto parts.

Your coverage "C" of your home owners insurance should have covered car parts as they are personal belongings just like anything else like furniture or TVs. On the other hand, HO's will not cover anything that is able to have its own insurance like boats, jet ski's, cars, BUT if your car is inoperable due to being apart like taking the wheels off or the carburetor for instance then it becomes contents and should covered under coverage "C". The caveat is most peoples "Coverage C" is not high enough for all their personal and household stuff plus a car, So that would just go to coverage limits.

[Rachelsdad]

Another thing to consider is whether the car is at home for the frame-off work or at a shop with its own garageman's insurance. In those cases, the shop's insurance should cover you. The caveat, of course, is what else is in the shop during the time your car is there and the limits on the policy (and whether your spare parts which may be there are also covered).

During the 19 years the Bonneville was laid up at my client's shop, I carried Hagerty for the first few years (they reduced the premium greatly), then let it lapse, relying on his insurance, and then probably 2-3 years before taking the car back, I put my Hagerty policy in place again.

The biggest problem with HO in this regard is proving that the car was "in pieces" at the time of a catastrophic incident and not normally qualifying for its own policy. As a rule, I hate insurance companies. Not their fault; they are in business to collect as much premium money as possible while paying out the least without getting a bad reputation or having to litigate.

Not quite as bad, in some cases at least, as BC/BS denying my angioplasty claim in 2010, and leaving me hanging with a $60K+ hospital bill. That was classy (not).

[vertigto]

Originally Posted by locomotivebreath

I insured it through hagerty . They offer policies for unfinished/non opp projects . The policy would increase the value of the car quarterly I think , assuming progress and more money spent on the car .

FWIW...Grundy does something similar.

[Mr Twister]

Originally Posted by FrankieT/A

Your coverage "C" of your home owners insurance should have covered car parts as they are personal belongings just like anything else like furniture or TVs. On the other hand, HO's will not cover anything that is able to have its own insurance like boats, jet ski's, cars, BUT if your car is inoperable due to being apart like taking the wheels off or the carburetor for instance then it becomes contents and should covered under coverage "C". The caveat is most peoples "Coverage C" is not high enough for all their personal and household stuff plus a car, So that would just go to coverage limits.

I, like most people did not fully read my policy. After they refused to pay for the auto parts etc, i read it and it did specifically say auto parts were not covered. I tried to argue the personal property angle and got nowhere. USAA.

[fyrffytr1]

I used and still use Hagerty. At the time it was the only company that would insure a project vehicle. They even offered a trailering add on that covered my GTO while it was being moved from one shop to another. I have a 1950 Pontiac Streamliner insured with them right now that hasn't been driven on the road in about 10 years. It is tucked away in the corner of my shop waiting for me to get to it. Another thing Hagerty does is offer full value and I can keep my cars if either of them are totaled. I think it costs about $50.00 a year for both cars , but it could be a little more.

[Cardo]

I'm using Hagerty because of that. Might want to check on Grundy. They told me when I had them no coverage on resto.

[The Champ]

Originally Posted by Rachelsdad

Another thing to consider is whether the car is at home for the frame-off work or at a shop with its own garageman's insurance. In those cases, the shop's insurance should cover you. The caveat, of course, is what else is in the shop during the time your car is there and the limits on the policy (and whether your spare parts which may be there are also covered).

During the 19 years the Bonneville was laid up at my client's shop, I carried Hagerty for the first few years (they reduced the premium greatly), then let it lapse, relying on his insurance, and then probably 2-3 years before taking the car back, I put my Hagerty policy in place again.

The biggest problem with HO in this regard is proving that the car was "in pieces" at the time of a catastrophic incident and not normally qualifying for its own policy. As a rule, I hate insurance companies. Not their fault; they are in business to collect as much premium money as possible while paying out the least without getting a bad reputation or having to litigate.

Not quite as bad, in some cases at least, as BC/BS denying my angioplasty claim in 2010, and leaving me hanging with a $60K+ hospital bill. That was classy (not).

Most shops (not all) buy "garagekeeper's coverage" for customer's vehicle that they are legally liable for. But I wouldn't want to depend on that to cover my vehicle. If the place is struck by lightning and burns to the ground, the shop owner is not legally liable for damage for your vehicle (act of god).

"Garagekeepers Coverage can be structured in several ways, each defining how claims are handled and under what circumstances coverage applies. The most common type is Legal Liability coverage, which provides protection only when the business is legally responsible for the damage to the customer’s vehicle. If an employee’s negligence or error leads to damage, such as a mechanic crashing a vehicle during a test drive, this coverage would apply. However, if the damage occurs due to circumstances for which the business is not legally liable, such as a natural disaster, Legal Liability coverage would not respond."

There is a second type of coverage that would make them the primary insurance, but this type is more expensive.

I would only rely on my shop owners insurance if I was provided a certificate of insurance that documented the limits of their policy and was a primary coverage.

I insured many auto dealers and repair shops back in the day. Some places bought the legal liability coverage and a few purchased the primary coverage. Some took their chances.

[The Champ]

Originally Posted by FrankieT/A

Your coverage "C" of your home owners insurance should have covered car parts as they are personal belongings just like anything else like furniture or TVs. On the other hand, HO's will not cover anything that is able to have its own insurance like boats, jet ski's, cars, BUT if your car is inoperable due to being apart like taking the wheels off or the carburetor for instance then it becomes contents and should covered under coverage "C". The caveat is most peoples "Coverage C" is not high enough for all their personal and household stuff plus a car, So that would just go to coverage limits.

You need to check with your insurance company and get it in writing that coverage C will cover car parts. Don't assume or you could have an unwelcome surprise after a claim.