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Originally Posted by 93 Trans Am WHAT
Considering my record of wrecking my cars, Im going to get really good insurance on the Z28. I heard that collector car insurance not only insures the car but also everything that it has. Like paint, roll cage, engine, stuff like that. Is this true? if so do i have to be 25? what do u guys know about this??
BTW
my Trans Am needs a front bumper cover anyone have one that they are willing to sell or just want out of their posession??
thank you!
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You can get collector insurance for the car, but you would probably also have to get the car registered as a collector vehicle (there was a thread on this not too long ago) which is not based on the age of the vehicle, but does severly limit your annual mileage (I think its either 2500 or 3000 per year).
You will have to prove the car is in exceptional condition and possibly make an argument as to why it is special (any v-8 f-body is special). My dad (59 years old, no kids in the house, clean record and has other vehicles as daily drivers) had no problem getting quotes in writing from at least three of the major collector insurance companies: Haggerty, Grundy, American Hobbyist all with an agreed upon value of $8,000 (blue book is like $5500) for his 1993 Z-28 hardtop with 58,000 original miles and 100% stock. Quotes ranged from $170 - $240 with varying requirements depending on the company. The more highly modified the car is and the higher the agreed upon value is, the more proof you will have to provide and more digging they will do. All of these policies will state that the car cannot be used/will not be covered in any kind of timed event, rally event, or speed competition. Most will not even write the policy if you tell them the car will be raced. Most will require the vehicle is stored in a locked garage or at the very least not parked on the street.
Bottom line call the companies, explain the situation and be honest (don't mention the roll bar and the racing you plan on doing and the 400hp shot of nitrouse you plan on using, instead just say the motor is "modified"). If you are living with other people who will have access to the vehicle and their driving records are ******, well you are probably screwed.
Good luck
Chris