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As mentioned in a previous post on this thread, I have a stated value policy of 40,000. Of course stated is not the same as agreed. I have to prove that comparables are valued at $40. I also have unlimited mileage with zero restrictions, but have it at a price of $850 a year with high coverage across the board.
I am not in a position to gamble with the chances of being involved in a suit which may result from a spirited run where something goes terribly wrong and costing me everything.
What does the rest of the board know. There must be a happy medium.
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Greg and others:
The issue of occasional driving to work is something that I checked into deeply. Leland said No Way. Haggerty said occasionally. What is occasionally? It is less than regularly. So, let's say you have an accident on your way to work, and the insurance company asks you how often you drive your "occasionally insured" early 911 to work. Ya gonna say "Yep, drive it every day." No, because you don't.
And for me, even if I am driving it to work - it is a pleasure to do it, so doesn't that fall under pleasure driving??
But seriously, Haggerty is much more lenient on the valuation and on the terms and conditions than Leland. That being said. You break it on a track, either AutoX or DE, then . . . . . you own the damage.
My agent (on my regular insurance) says that in his 10 12 years as an agent, and he has lots of customers that have classic cars insured with him, he has NEVER had one in an accident.
They must drive them very, very carefully. I know that I keep a wide berth.
larry
