Stassen Insurance http://stasseninsurance.com We find the right insurance for you. Wed, 25 Aug 2010 10:16:04 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Considering insurance for collector cars Under Restoration http://stasseninsurance.com/article/considering-insurance-for-collector-cars-under-restoration http://stasseninsurance.com/article/considering-insurance-for-collector-cars-under-restoration#comments Wed, 11 Aug 2010 20:59:22 +0000 Susan http://stasseninsurance.com/?p=455 The process of restoring a collector vehicle is in some ways more a part of the hobby than it is to drive them. Collector car owners will spend hundreds of hours researching, locating parts, buying and working on their cars. And typically before they are even done with the project they will be planning their next one. Every collector car has been or probably will be restored to some degree.

One primary concern is restorations that never get completed, or for that matter, never get started. On-going, rolling restorations – during which the vehicle may be driven in a “primer stage” for an extended period of time.

Guidelines for insuring Vehicles Under Restoration:

  • Schedule for completion of the project is reasonable. An acceptable timeframe depends on the level of restoration being done and the type of vehicle being restored.
  • Value should be determined by using the current condition, not the finished value.

Because this is such a popular pastime, we now offer a new endorsement for these particular clients. It is called the Vehicles Under Construction coverage.

This coverage includes for an annual cost of $20 per vehicle,  :

  • Quarterly Value Increases
  • Added Coverage for Tools
  • Convenience Towing
  • Vehicle Under Construction Newsletter

Contact us for more details

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