Re: Oh, that insurance thing. Again.

["Dean W. Cains" <dwc@xxxxxx>]

Hi Joe:

I've used a few companies to insure my Spider's over the past several 
years, and I like American Collector's.  I'm also in Florida, and pay 
~$180/year, for $9k coverage on my '74 and $6.5K on my '87.

http://www.americancollectorsins.com/vehicles.htm

My agent's name is Erik Smith, @ (800) 360-2277, ext. 220, between 8:30am 
and 4:30pm, Monday through Friday, EST.  His email 
is:  esmith@domain.elided

I'm sure your Maratona is a nice car, but I can't imagine getting coverage 
for $20K.  The low mileage is certainly impressive, but I don't think the 
Maratona is different enough from a "regular" GTV-6 to justify that much of 
a premium.  Opinions may vary, but with the current state of the market, 
both my Spider's are probably over-insured right now.  Erik is a "car guy", 
and he's good to deal with, but the underwriter at Hagerty will laugh you 
off the phone if you call them about an '84 Alfa.  Without owning the '74 
Spider, I would have had a much harder time insuring just the '87, but 
having 2 Spider's makes it a collection, and obviously the cars are very 
similar to each other, so that opened the door when I added the '87.

That's the story for "collector's" insurance, but there are also companies 
that offer coverage for newer "exotic" cars, with values of >$25K, so that 
might be a loophole you can squeeze your Maratona through, if you must have 
the high coverage.  A local friend uses Leland-West for his Ferrari 328GTS, 
and pays around $2K/year, with coverage of around $50K.

http://www.lelandwest.com/

Regards,

Dean
Lutz, FL
'74 & '87 Spider Veloce's


At 08:23 AM 8/16/2003, you wrote:

> Date: Sat, 16 Aug 2003 05:19:48 -0700 (PDT)
> From: Joe Garcia <lacorsanostra@domain.elided>
> Subject: Oh, that insurance thing. Again.
>
> Digesti,
>
> I'd like to insure my 1984 Maratona. It gets driven
> <5K mi. and resides in a nice garage. Which
> classic/collectible car insurance would you suggest
> for such a young collectible? I'd like an agreed value
> of $20K-$25K.
>
> Discuss.
>
> - -Joe in SoFla
> 1984 GTV-6 Maratona
> ~20K mi.
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