[urq] Classic policy with stated value

[c cohen]

I have been wrestling with this issue too.  Its been quite interesting to say the least.  I have also had the same experience with my SQ but Dave Haggerty told me that he would not cover it because it is not a Classic or a Collector car and despite information from Europe, he would not accept my stated value.

Possibly he is right, at least in the US, our cars have no more collector value than a Citroen, Prinz or a Skoda of mid 80s vintage.  Interesting perhaps but so few are willing to pay recognized (i.e. published or auctioned) value that the underwriters are making unsubstantiated bets.

So I have gone with stated value non collector/classic cover which lets me drive whenever or wherever with a few caveats such as locked storage.  In any event I find it hard to understand the value of a collector or classic car if you cant drive it to work or run an errand because you feel like it.  That's as ludicrous as owning a fine painting and locking it away.  Perhaps as a means to hedge inflation or store value that could make sense but surely few of us are dumb enough to think that an 83 Urq will ever be worth much more then their current market value for say, oh the next 20 years!

Just my opinion of course but I have really tried to understand the car collector mind set and without the driving and drivability component, these vehicles will rot.  Regular use means at least once every 2 weeks IMO.  Maybe not driven far but enough to warm up all the fluids which I think means plus 10 miles. 

Also today's fuel blends deteriorate faster than they used to adding to the crud coming from the tank material or days past.  So you have to use that fuel tank in less than 120 days or you are running less than 87 octane.

Colin