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Hot Rods Picky insurance

Discussion in 'The Hokey Ass Message Board' started by lowrpmtork, Jan 29, 2013.

  1. lowrpmtork
    Joined: Aug 25, 2012
    Posts: 59


    I'm frustrated here:mad: I'm trying to get my 31 insured so I can get it plated. Problem is my agent said the underwriters kicked it back because they said the interior was not completed and they could not insure it for agreed value until that is done. My problem is it is pretty much done except I plan on moving the shifter and laying out new gauges. That is about how I want it. I've got State Farm and have run everything thru them (same agent the whole time) for the past 25 years and really would like to keep this with them to. The quoted rate is super cheap to. They are even insuring it as a custom vehicle and not original or restored. But I'm stuck because they don't think the interior is "finished." Take a look at the pics and tell me what you think or if you have suggestions on how to get them to understand it is "finished."


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  2. trollst
    Joined: Jan 27, 2012
    Posts: 1,703


    Half the interior is black, half is white, paint it all white or all black, especially the door panels. OR, remove the door panels, install black ones, insure, then change back, under the guise of improvements.
  3. badshifter
    Joined: Apr 28, 2006
    Posts: 3,158


    I'd swap out the steering column, dash, shifter, and brake pedal, put some mats or carpet in it, do door panels and a headliner and maybe swap out the seat. And hide the Playboy air freshener.
    If none of that is doable, switch insurance companies. They do what they do for a reason, better they tell you now than deny a claim later.
  4. All I can say is they would sure hate mine!!

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  5. Buddy Palumbo
    Joined: Mar 30, 2008
    Posts: 3,859

    Buddy Palumbo

    I agree - a good way to start is to make it all look similar
  6. Chevy Gasser
    Joined: Jan 23, 2007
    Posts: 695

    Chevy Gasser

    Have your agent check Grundy.
  7. shinysideup
    Joined: Sep 1, 2008
    Posts: 1,627

    from ruskin, fl

  8. okiedokie
    Joined: Jul 5, 2005
    Posts: 3,862

    from Ok

  9. Gearhead Graphics
    Joined: Oct 4, 2008
    Posts: 3,413

    Gearhead Graphics
    from Denver Co

    It doesnt look finished to me either! How about agree on a value with a finished interior, and a value without, then when its done change? Ive had state farm all my life, family has had them forever too, they seem reasonable
  10. tfeverfred
    Joined: Nov 11, 2006
    Posts: 15,796


    Well, it could use a few things, but I'd just use Grundy anyway. They only want pics of the outside because they deal with custom vehicles. State Farm is just a little too main stream for some styles. To them, a stripped down interior spells race car.
  11. Had the same trouble with State Farm for my hotrods. Dropped them and went with Hagerty for about half of what State Farm was going to charge me...before they changed their mind about insuring them.
  12. Make it all one color.
  13. tommy
    Joined: Mar 3, 2001
    Posts: 14,758

    Member Emeritus

    Maybe you are too proud of your car and trying to insure it for streetrod values as seen on Barrett-Jackson and they don't agree with your Value. My collector insurance company balked at first until I proved that it was in fact an SS396 convertible and not just an average Chevelle. Did they suggest a value that they could agree with? It's their business to know the real value. Your car would be worth more to many people with a finished interior even if you don't want it finished. Agreed value means that both parties agree on the value.
  14. eastcoastron
    Joined: Aug 5, 2011
    Posts: 33


    Hagerty insured mine with no problems.The cost was reasonable too.
  15. yblock292
    Joined: Oct 10, 2006
    Posts: 2,938


  16. txturbo
    Joined: Oct 23, 2009
    Posts: 1,771


    I use Hagerty....they insure projects and spare parts also. It doesn't matter if its finished or not. If you start a project out as a can just insure that and increase the amount of coverage as you build it. My 55 Chevy truck is insured for $5K and its all in pieces. That is just to cover all the parts. As I get it reassembled I up the covered amount.
    A long time ago I had a 66 Impala as my daily driver insured by State Farm. A guy hit me head on coming out of a parking lot and fled the scene. State Farm said it was more than 10 years old so its totaled and was going to give me $500. All it needed was a front clip. I finally convinced them to just pay for the front clip and I would install it. I'm sure they would do the same thing today.
    Last edited: Jan 30, 2013
  17. Oldbill51
    Joined: Jun 12, 2011
    Posts: 284


    Grundy was $200 cheaper than Hagerty, and didn't care about the interior.
  18. 3Deuce40
    Joined: Oct 17, 2006
    Posts: 690

    from Colorado

    American National's CHROME program is the way to go!
  19. Da' Bomb
    Joined: Apr 8, 2005
    Posts: 438

    Da' Bomb

    Mine was bare steel with Grundy.......Cheap and easy folks to deal with
  20. 53 COE
    Joined: Oct 8, 2011
    Posts: 688

    53 COE
    from PNW

  21. ArtofHotRod
    Joined: Feb 26, 2008
    Posts: 466


    Classic Underwritters .. Former Grundy Exec and staff
  22. First from what I see your interior is not going to be considered complete to anyone who looks at new Ford Focuses for a living. And it is certainly not show quality so if you are trying to insure your car the same as one with a show quality value you are whistling in the wind.

    Find a certified appraiser and have an appraisal done. Take that information to the insurance company. You may not be pleasently surprised when you get your car appraised. Sometimes the appraiser does not take sweat equity into account. Next you may still not be pleasently surprised when you come to the realization that the insurance company is not required to sell you insurance.

    I have had good luck so far with American Family. I cannot say that I have ever had good luck with any insurance with farm somewhere in the name. With American Family I had this truck insured with an agreed value of 11K. Of course it did have a seat cover and stock door panels intact.

    Last edited: Jan 30, 2013
  23. Don's Hot Rods
    Joined: Oct 7, 2005
    Posts: 8,319

    Don's Hot Rods
    from florida

    While I do understand that State Farm does occasionally cover modified cars, to me they are more for insuring your family car than the type we drive. A speciality company, like Grundy and Haggarty, understand hot rods, antiques, and cars like that and are set up to make insuring your car so much easier. I would think they would also be more accomodating if a claim were ever needed.

    I have Grundy and all they wanted were pictures of the outside of the car and assurances I had a garage to keep it in. No fuss, no muss.

  24. grf-x
    Joined: Jul 15, 2010
    Posts: 299


    IF your a veteran... USAA they are hands down Tops of any insurance.
  25. Way to smoke 'em, Beaner!!:D
  26. vert1940
    Joined: Aug 10, 2006
    Posts: 393


    my state farm agent advised me NOT to insure with state farm,to have it insured by a specialty company,like grundy or hagerty
  27. Larry W
    Joined: Oct 12, 2009
    Posts: 729

    Larry W
    from kansas

    The insurance company should be working for YOU. I don't care how cheap the quote is, if they they won't insure you ,then WTF. Go with a specialty company.
  28. 226 flattie
    Joined: Jan 6, 2009
    Posts: 307

    226 flattie
    from orange,ca

    Get a direct quote from hagerity or Grundy. I picked hagerty because they offer more coverage than Grundy did. Plus hagerty offered roadside assistance , and extra parts value at no additional charge.
  29. Big T
    Joined: Aug 29, 2006
    Posts: 638

    Big T
    from Florida

  30. Yep get the revs up a bit slip you foot off the brake and stand on it. The truck was not real fast by modern standards but it put on a good show. ;)

    What universe do you come from?

    Your agent should be working for you you are his bread 'n' butter. The insurance company works for them selves to them you are a liability.

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