Insurance: classic vs. antique vs. standard Options

[JerryP]

Anybody use classic or antique insurance? I'm in PA with a '72 2.0. Grundy Worldwide says no coverage going to school, work or on errands. Anybody know the pro's and con's of this insurance? I want to know if I should dump my standard insurance and save about 75%. I don't use the car as a commuter but I would like to be covered if I get spanked by a Buick in the Home Depot parking lot. Ideas? Thanks.

[DuckRyder]

I just called my SF agent to ask them about Hagerty. I gave her the #s listed above, they are the bare minimum state levels of inssurance.

You do realize that SF writes a "Collector Car policy" (At least in most States)

Watch "Stated Value" policies, they are not always "Agreed Value". If you buy an agreed value policy the declarations page should say some thing like:

"Vehicle value is 9500.00" - "Limit of Physical damage coverage is 9500.00"

If it says something like:

"Estimated vehicle value is 9500.00, settle on ACV"

The estimated value won't do you much good, but the company will charge premium based on it.

Now, about the limits:

[RANT on]

Riding around with minimum limits this day in age is absolutely foolish. I would not leave the house in anything without 100/300/100 limits AT LEAST! All my stuff has 500,000 single limits.

One little lapse in attention or misjudgment could ruin your entire life. You could quite accidentally be involved in an incident and get a hundreds of thousands of dollars judgment against you, seen it happen too many times, Trust me, it'll be bad enough mentally and physically without the added stress of how you are going to pay the $275,000.00 excess judgment.

[RANT off]