John Nickerson '57 Beck posted:For what it's worth, I added my Beck to my USAA policy. $200 for 6 months and reduced in winter when she's stored till spring. I do not care for restrictions on using my car. I probably would not get full reimbursement in case of a total loss but I can document what its replacement value is so perhaps it'd be close. I'm willing to assume some risk to have the freedom to drive when/where I please and garage it as I please.
If that is not an agreed value policy, which I would bet it’s not, I don’t think you will get even $5000 out of your insurance company if it is totaled. I’ve read many instances of this happening, and the result is never good for the owner. There is a reason there are specialty companies that exclusively write agreed value policies.
i have used Hagerty for years now to insure my antique motorbikes, and just this past Friday they didn’t want to insure my latest project, because it is a 3 wheel cycle. I told them it will never even be registered, and they did agree to cover it.