full coverage insurance

[MakotoS13]

okay so a lot of us have pour retarded amounts of money into our cars effectively tripling (or more) the value of them if only for the cost of parts. now, i dont know about you guys but this isn't my daily driver. it lives under a car port, wont be seeing rain, and will prolly get less than 10K a year in miles. it isn't a track slut, daily driver, or pristine show queen. anybody else in a similar situation with full coverage?

[aznpoopy]

if i were you i'd switch it to liability only only, weekend car, driven some stupid low miles / year.

when you finish fixing it and start driving it alot, switch it back.

then again, i live in NJ where insurance is stupid expensive. maybe in TX it's different. but here, that would save hundreds of dollars per year.

[MakotoS13]

well thats the thing, i have zero insurance right now and all i need are seatbelts and plates for it to be legal. i've been putting around town carefully sans plates and tags for the last year getting it fixed up.

[ZK]

I have full coverage although it's not really worth it because the insurance will not cover all the additions you've done to the car if anything happens. They'll just pay you the blue book value of your car.. which is not much.

[MakotoS13]

wrong. if you have documentation (proof) of everything you've had on the car and how much it costs and none of it is salvagable (like if it gets stolen) then you're entitled to compensation for your loss. its just like someone stealing 2 grand in stereo stuff... full coverage covers it. now, you can let the insurance company know about this stuff before hand but your rates will go up along with your peace of mind.

i just know there has to be programs for fully covered, older, low risk cars that aren't driven hardly at all thus don't have the rates of say a brand new corvette.

[Stock-S13]

Ineptitude spwes from your skin.

Look further into that will you? If you were place x amount of money into your car and have it stolen, they would take x multiply by 1/2 take that sum and multiply ut by a depreciating value and then possibly conjure up tyhe balls to give you less than that. It happend to to a guy in San Ant. On FA. And believe he had more done than simply KTS and 5 lug... He took a major loss, from that i can deduce is that ones ability should yield a more viable solution.

Perhaps an M4 and a .45 as a sidearm(texas right?) old remingtons for the purists... or even better liabilty with plenty of theft deturrents. Now stop posting pics of that car on ballon sidewalls, and horrible height will you!

And there are plans that comply on "weekend car only" pretenses. Such that they are driven for a set amount of miles, and so on. Call Geico or your broker already..... My charitable deed for the week.

[Yoshi]

Originally Posted by Stock-S13

Ineptitude spwes from your skin.

Look further into that will you? If you were place x amount of money into your car and have it stolen, they would take x multiply by 1/2 take that sum and multiply ut by a depreciating value and then possibly conjure up tyhe balls to give you less than that. It happend to to a guy in San Ant. On FA. And believe he had more done than simply KTS and 5 lug... He took a major loss, from that i can deduce is that ones ability should yield a more viable solution.

Perhaps an M4 and a .45 as a sidearm(texas right?) old remingtons for the purists... or even better liabilty with plenty of theft deturrents. Now stop posting pics of that car on ballon sidewalls, and horrible height will you!

And there are plans that comply on "weekend car only" pretenses. Such that they are driven for a set amount of miles, and so on. Call Geico or your broker already..... My charitable deed for the week.

DAAAAAAAAYYYYUUUUMMMM!

[MakotoS13]

Originally Posted by Stock-S13

Ineptitude spwes from your skin.

ya know, i guess that i could point out that i asked:

"anybody else in a similar situation with full coverage?"

but that'd be too easy and you'd look like a jackass. i'd hate to hurt your feelings, especially since you put so much work into that long winded excercise in futility.

i have tons of safegaurds already in place protecting my investment including multiple firearms. im asking if anyone on this forum actually has full coverage on a 15 year old 240 and if so share your story.

what i did not ask for was some kid to take a cheap shot by making the assumption that all of my resources are limited exclusively to this forum. i propose a healthy discussion and while i do not wish for a flame war i'll be happy to oblige anybody that's feelin froggy.

[S14DB]

Geico is the best for low mile cars. Look into the 50mile plan.

[lilredstiffy]

Just keep rockin zero insurance, you've done good so far

also
'it isn't a track slut, daily driver, or pristine show queen'


just for e-bragging?

[S14DB]

I guess I should take the ins off the beater even thou it's not a track star or a Daily. Even if it's not our primary car you still need Ins. In most states it's illgeal. Most of use can't fork out the thounsands of dollars we would be out if we wrecked it. I know of a verry nice 240 that is being sold on ebay now that is being sold cause the owner wrecked his miata without Ins.

[kilword1]

for aftermarket things its called "special equiptment coverage"
does not cover suspension parts or performance parts....only things like certain rims upto a certain amount of money and like stereo....nothing really performance wise.
i just went over this with a insurrence broker firm and thats all you can get....
full coverage...all ur gonna get is blue book.

[S14DB]

blue book is better than nothing.

[SR240DET]

this guy in florida got his sr insured... i think.. it was progressive.... but yeah... i dont have deep pockets....

[bobafett]

Originally Posted by S14DB

blue book is better than nothing.

nah blue book is like 1500 for an 89 240sx..

when im "finished" i will easily have 15-20k into it...
already have more than 10k into it...

if it gets stolen and i get $1500 back, i might as well have saved my $1500 over the coarse of a couple years lol...

full coverage on an old as car is a waste IMHO - we all know going in to "modding a car" that we are screwed if anything happens...

[Blues13]

Agreed, I'm sure the money saved over time by not having full-coverage will probably be more than what you get back form insurance.. regardless of how much you put into your 15yr old car.

[MakotoS13]

i don't buy it. i'm in the process of seeking out real insurance. i'll let you guys know when/if i find anything useful that doesn't rape our buttholes.

[biggie]

I pay about $14 a month for full coverage on my '93. That's with multi-car and multi-policy (renter's insurance as well) discounts. This is Nationwide and it was only about $1-$2 cheaper a month for liability only.

I already got screw when my old one was totalled by an 18-wheeler, basically got book value, but did get to buy the car back for $300 (over $10K of parts in it).

[The Jabberwocky]

got Allstate insurance, full coverage with coverage on AFTERMARKET parts which includes ANYTHING, paying $120/month w/ good student discount...

i crashed a few months ago and they pretty much covered all damaged parts (coilovers, wheels, aftermarket bumper, even tires)....all the parts that were damaged on my car was jsut the driver side front, so they just valued at my broken coilover/wheels at 1/4th of what a full set would cost, 1/2 cost of tension rod...pretty much covered the parts that were broken.....now if i broke all of my coilovers and wheels they would replace all corners

[JDMs13]

Full coverage! You have to be kidding me. Just get liability, if anything. You barely drive the car? Drive civilized when you do decide to take it out of preservation.

[MakotoS13]

Originally Posted by JDMs13

Full coverage! You have to be kidding me. Just get liability, if anything. You barely drive the car? Drive civilized when you do decide to take it out of preservation.

i think you're missing the point. if someone steals the car or it gets totalled i want full coverage for at least a good chunk of what its actually worth. i'm asking the guys on the vette forums right now.

ya know, since they actually know what they're talking about and understand what real value is.

[S14DB]

Originally Posted by JDMs13

Drive civilized when you do decide to take it out of preservation.

It's the other fucktards on the road he has to worry about.

[srboost240]

I would say that full coverage is an ass-raping because the insurance company didn't pay me a damn thing when my car was looted. I was totally shocked at the insurance's lack of coverage after I had payed full liability the whole time.

[ThatGuy]

It really all depends on the insurance company. I know some people who have gotten nothing when they wrecked their car, and at the same time I know a guy who even got money to replace his vinyl graphics after an accident. Take the time to discuss your options with the insurance company to see what your options are. They may require you to report modifications when you do them, which could cause your premium to increase. But then if you ever have an accident, you have the peace of mind that they know what your vehicle is worth (to an extent). When it comes down to it, you are building a car for yourself, not for resale, so you are always going to take a loss if something happens. It's a gamble you have to take when you make a vehicle something personal and not mainstream. The guy that spends $500 to buy a bunch APC stuff for his vehicle wants the same coverage, even if we know the APC stuff is worth about $50. Just like the guy with the Saleen S7 and gem stone encrusted spinners expects to get back every dime if he wrecks. Neither of them will get what they think they deserve, but they can at least get something back, especially if they've work in collaboration with the insurance company.

[drift freaq]

I had full coverage on my old low mileage 91 36k when the car got hit while parked. It had Performance parts on it. It was a salvage title(front end hit in early life and just sat after that untill it was fixed). The Insurance company was going to give me $4300 outright, but I wanted the parts back . They gave me the car back and 3k after all was said and done I had recouped my purchase price of the car and performance parts selling stuff off. It was totalled beyond belief.
Word from the insurance company was if the title had been clean they would have given me even more. Though 3k and keep the car is good for a salvage title car.
Company is Wawanesa a canadian company and they do full coverage on salvage titles and they also do performance upgrade coverage. They are A rated as well. You can find them on the net www.wawanesa.com the other company that I am with right now cause they have a low consumer complaint ratio and great rates is Metlife !! yup the lifer insurance people do cars as well.
check it good luck makoto, oh ya and for theft insurance nothing beats lojack!!!

[JDMs13]

heh.... makoto, its a fuckin 240, not a ferrari. Shells are cheap as shit, not a major loss if it gets wrecked. You got your fuel cut? Why you worried about it getting stolen then? Big fuckin deal if it gets stuffed, you not know how to spin a wrench?

[ThatGuy]

Originally Posted by JDMs13

heh.... makoto, its a fuckin 240, not a ferrari. Shells are cheap as shit, not a major loss if it gets wrecked. You got your fuel cut? Why you worried about it getting stolen then? Big fuckin deal if it gets stuffed, you not know how to spin a wrench?

Spin a wrench? Why does that make money grow outta your ass to replace parts that are lost in the accident? Does spinning a wrench magically spit out money for a downpayment on a diffent vehicle if the car is totaled by some dumbass drunk in an SUV? Stop trying to hate on Makoto (no matter how much he asks for it in other threads) and focus on giving intelligent, realistic answers.

[JDMs13]

I am telling it how I see it, in my opinion. And Im not trying to hate, I said in a previous post "just my 2 cents, dont get fired". If he has money in his car where it belongs, then most of the important stuff wont get damaged. Just my opinion makoto, get all fired up.

And my answer was 100% realistic. He doesnt drive the thing, which makes my answer clearly more realistic.

[MakotoS13]

Originally Posted by JDMs13

I am telling it how I see it, in my opinion. And Im not trying to hate, I said in a previous post "just my 2 cents, dont get fired". If he has money in his car where it belongs, then most of the important stuff wont get damaged. Just my opinion makoto, get all fired up.

and my answer was 100% realistic.

actually your answer is not in any way pertinate to this discussion. why? because you answer does not offer a reasonable full coverage option that'd give much more than the car is worth. thus, you kid are off topic and merely trying to show how "hardcore" you are or how little you value your work.

it isn't about how awesome i think my car is. its about the fact that if it were stolen or totalled right now i'd be physically sick and even 60% of what i put into it would be sufficient to ease the pain.

why is it that you kids take such little pride in your work and cars? the car should have value to YOU who cares what kbb.com says?

He doesnt drive the thing, which makes my answer clearly more realistic.

if i didn't drive the car how would i be tuning the suspension or have any need for full coverage? do you really believe that i'd spend all that extra cash every month for a 2600lb paperweight?

your answer stopped being realistic when you started ignoring the criteria for relevant answers.

walk on home boy.

[Macadoshus]

You could always go with stated value. My friend had that on his scirocco for like 10 grand and his insurance wasn't too bad. Unfortunately he rolled the thing a few times, and the insurance company claimed he had dropped the comprehensive on it, something that he contests he didn't do, and they wouldn't pay out. Another friend has stated value on his RX7 and pays out the ass for it, but he has a horrendous driving record so I am sure that is why. But nonetheless might be worth looking into.

As has been said, alot of companies will insure your aftermarket parts if you provide receipts and let them know what has been done to your car, but in most cases they will make you pay for it.

Personally, I am not going to put full coverage on the 240, because I dont really like the idea of giving the insurance company any more money than I have to and the blue book value of it is pretty much next to nothing. In the end if something happened to it, I would probably just take the parts off and sell em or get another chassis.