buickman69
Retired Buick Enthusiast
- Joined
- Dec 2, 2001
- Messages
- 572
After getting my GN appraised a few weeks ago and spending my spare time (what little i've had over the last few weeks) researching and interviewing ins companies, I was ready to send off my app, money, pictures, appraisal and info to Sneed who has given me a quote with no mileage limitation and says it has to go before the underwriters.
As I was in the process of doing this I call my buddy who has 3 T-Rs and several ''65 to '67 GTOs and 1 '64. He tells my that he is insured through SF (which is who i've been with since '88 and wanted to put my GN with again) and say's he has no mileage limitation, they are honoring appraisals he has this and it's a classic or antique policy. This is all the opposite of what my SF agent has told me so I call her and tell her about my friend and she say's she'll research it that she should be able to offer anything my buddies agent can do. So she calls me back and wants to know my buddies name and his agent. Then she calls back and say's that it IS a 2,000 mile per year limitation, there IS odometer checks and my buddy has been misinformed. So I call my buddy and tell him about it and he calls his agent the next day and calls me back saying she doesn't know what she's talking about and they have NEVER checked his odo.
So today, I go see her in person, tell her about the conversation with my friend and she says to trust her she checked deep into it and if there was ever an accident or a claim that there would be a problem if his mileage wasn't in-line and they are suppose to be doing odo checks.
So @ this time i'm fet-up and say screw-it sign me up for this policy and i'm thinking to my self: "i'll take the risk they don't check my odo". She say's we have to see the car inperson. So I pull out 2 computer disk with pictures from here: www.geocities.com/buickman69 and they say no, we have to make the pictures ourselfs, blah, blah,blah. I'm out working today and ready to haul my car to a buddies house Saturday 1 hour away that's going to help me work on it and i'm wanting it to be insured for the appraised value incase something happens while trailering it to his house or if his house burns down or just PERIOD anyway. They say unless we can see the car by 4:30 this afternoon all we can do is put regular insurance on it (which means if something happens i'm screwed!) so I say ok @ least some is better than none. I go to the court house, renew my tags and i'm hurring to finish up my day thinking i'll load the car up and trailer it over to SF so they can see it and go ahead and get it insured properly for the appraisal. They call and say:
"How fast is this car? It's showing on the appraisal that it's been "liberally modified" for performance inhancement and list all this work and parts."
me: it's just some minor upgrades, but the motor is STOCK, just head/intake work and bolt-on upgrades.
her: it says here the tranny is built with ART CARR goodies and should be capable of handling up to 800hp, how much power does it have?
me: haha, not that much I asure you.
her: well I need to know, we don't insure "RACECARS"
me: i've never had the car on a chasis dyno so I really don't know. (I wasn't about to tell her it "probably" was making 580 to 600hp and i'd never seen a dyno # so I didn't lie)
her: is this a racecar?
me: NO, technically you could see it in evening rushour traffic on a 95 degree day with the windows up and thje a/c on. I could drive this car to CA, it's a "STREETCAR"
her: how do you intend on using this car?
me: on a "PRETTY DAY" or days with no possible chance or precipitation I may jump in it and drive it to the mall, out to eat or just ride around if I feel like it.
her: you can't do that that's not what this is intended for. You can only drive it to exhibitions, car shows etc.
me: you know what, i'm probably going to call Sneed and insure it with them @ least there is no mileage limitations or hassles (@ least I hope not). Send that appraisal to your underwriter and see what they say before I go to the trouble of bringing it over their.
her: OK, but it'll be Monday before I get an answer.
Now i'm wondering if SNEED will say anything about the mods "performance" and hassle me about that to. If so, i'm SCREWED. I want to disclose everything to the insurance companies and it be noted and acknowledged.
Everything is spelled out in the appraisal and noted. To me that's the way it should be but then again it's part of the value of the car as the appraisal was based on car like mine that have sold.
This is the nightmare experience i'm having and just wanted to vent and get some feedback. I'm worried that Sneed will question the mods on the appraisal also but I could be paranoid. Lasseter said he could change and adjust the appraisal. I think if something happened and a adjuster looked @ the car and noticed the mods or if the value was questioned one way or another it will all come out so just disclose it up front.
Any thoughts, feelings, and suggestions would be appreciated.
Thanks!
As I was in the process of doing this I call my buddy who has 3 T-Rs and several ''65 to '67 GTOs and 1 '64. He tells my that he is insured through SF (which is who i've been with since '88 and wanted to put my GN with again) and say's he has no mileage limitation, they are honoring appraisals he has this and it's a classic or antique policy. This is all the opposite of what my SF agent has told me so I call her and tell her about my friend and she say's she'll research it that she should be able to offer anything my buddies agent can do. So she calls me back and wants to know my buddies name and his agent. Then she calls back and say's that it IS a 2,000 mile per year limitation, there IS odometer checks and my buddy has been misinformed. So I call my buddy and tell him about it and he calls his agent the next day and calls me back saying she doesn't know what she's talking about and they have NEVER checked his odo.
So today, I go see her in person, tell her about the conversation with my friend and she says to trust her she checked deep into it and if there was ever an accident or a claim that there would be a problem if his mileage wasn't in-line and they are suppose to be doing odo checks.
So @ this time i'm fet-up and say screw-it sign me up for this policy and i'm thinking to my self: "i'll take the risk they don't check my odo". She say's we have to see the car inperson. So I pull out 2 computer disk with pictures from here: www.geocities.com/buickman69 and they say no, we have to make the pictures ourselfs, blah, blah,blah. I'm out working today and ready to haul my car to a buddies house Saturday 1 hour away that's going to help me work on it and i'm wanting it to be insured for the appraised value incase something happens while trailering it to his house or if his house burns down or just PERIOD anyway. They say unless we can see the car by 4:30 this afternoon all we can do is put regular insurance on it (which means if something happens i'm screwed!) so I say ok @ least some is better than none. I go to the court house, renew my tags and i'm hurring to finish up my day thinking i'll load the car up and trailer it over to SF so they can see it and go ahead and get it insured properly for the appraisal. They call and say:
"How fast is this car? It's showing on the appraisal that it's been "liberally modified" for performance inhancement and list all this work and parts."
me: it's just some minor upgrades, but the motor is STOCK, just head/intake work and bolt-on upgrades.
her: it says here the tranny is built with ART CARR goodies and should be capable of handling up to 800hp, how much power does it have?
me: haha, not that much I asure you.
her: well I need to know, we don't insure "RACECARS"
me: i've never had the car on a chasis dyno so I really don't know. (I wasn't about to tell her it "probably" was making 580 to 600hp and i'd never seen a dyno # so I didn't lie)
her: is this a racecar?
me: NO, technically you could see it in evening rushour traffic on a 95 degree day with the windows up and thje a/c on. I could drive this car to CA, it's a "STREETCAR"
her: how do you intend on using this car?
me: on a "PRETTY DAY" or days with no possible chance or precipitation I may jump in it and drive it to the mall, out to eat or just ride around if I feel like it.
her: you can't do that that's not what this is intended for. You can only drive it to exhibitions, car shows etc.
me: you know what, i'm probably going to call Sneed and insure it with them @ least there is no mileage limitations or hassles (@ least I hope not). Send that appraisal to your underwriter and see what they say before I go to the trouble of bringing it over their.
her: OK, but it'll be Monday before I get an answer.
Now i'm wondering if SNEED will say anything about the mods "performance" and hassle me about that to. If so, i'm SCREWED. I want to disclose everything to the insurance companies and it be noted and acknowledged.
Everything is spelled out in the appraisal and noted. To me that's the way it should be but then again it's part of the value of the car as the appraisal was based on car like mine that have sold.
This is the nightmare experience i'm having and just wanted to vent and get some feedback. I'm worried that Sneed will question the mods on the appraisal also but I could be paranoid. Lasseter said he could change and adjust the appraisal. I think if something happened and a adjuster looked @ the car and noticed the mods or if the value was questioned one way or another it will all come out so just disclose it up front.
Any thoughts, feelings, and suggestions would be appreciated.
Thanks!
. 
