Whats what in insurance
Again I emphasize EACH state is different so I am going to speak in general terms. and I don't want your eyes to glaze over and fall asleep!
There are a lot of excellent companies, some are the BIG ones we all know and trust and probably insure our homes & regular autos, The St Farms Nationwides Allstate just to name a few etc then there are the specialty carriers, The Hagerty's, Taylors' Grundy's and so on.
With that being said, Coverage on the car: Be sure you have the needed coverage in case the "It will never happen to me happens". Fire Theft Vandalism Flood Falling Trees Deer, Glass & Collision. Also discuss if it will be settled on an Guaranteed, Agreed Value, Stated Value or Actual cash value. and the deductible if any. and how each work. Take pictures, Receipts and possibly an appraisal.
Along with adequate Liability coverage IF you cause the accident and are held responsible. Don't just carry the state minimum thinking "you Don't drive it much" what could happen That is a recipe for disaster. Carry the same limit you have on your daily drivers.
Another point to consider Speaking for my state again, check yours, most of us have lots of parts and some of our cars are still under construction but not registered with the state "tagged" so are NOT covered under our home policy as "contents", as they used to be. So you have your project in the garage totaling a zillion $$. House catches fire, or theft, lose your car, parts etc Guess what, Bad news. So if you have a project in the making check with your agent. You know what happens when you ASS/U/ME
And then there's the Medical or what we call here in Pa First Party Coverage, That covers YOU IF you get hurt, Remember these cars are made out of real metal and no air bags, in addition to the daily dose of idiot drivers. You can increase your medical coverage under your policy for a small amount. If your state has a minimum like PA's $5,000 that has been the same since 1976, go figure, won't get you very far IF you get hurt.
One other point IF you venture any distance from home Roadside assistance and towing may be important like Hagerty Plus guarantee Flat Bed Towing w/soft straps and the operators understand and care about our cars.
Most of us will help each other get back on the road and can fix most stuff but, Insurance is Peace of Mind coverage and you don't want to be wondering or worrying what Page 5 Line 42 said was covered for. Most of the companies will do a good job. Read what our buddies have to say here and talk to your agent/broker/company. When the unthinkable happens is NOT the time to figure it out. It's too late whether you paid to much or too little.
Hope this helps and as I said this is just some point to ponder.
I have seen a lot I have stories, some good, some funny and some not so.
HR Frank
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