[BMWCSRegistry] Coupe Insurance Information

[james_rosenthal at comcast.net]

I too have Hagerty for my coupe as well as my E34 M5.  The annual premium is less than both of our daily drivers with "regular" insurance, and I have yet to exceed the annual mileage cap on either car.  They are a great outfit, and as long as you live by their rules (which is just good collector car policy anyway) then the savings and agreed value are very much worth it.
As an aside, I have the gecco for my regular insurance, and despite what anyone may say, they have been fanstastic to me.  My ex bumped a pedestrian in my car that was crossing in the middle of rush-hour traffic (stepped out from in between parked cars to run across the street).  The "victim" was sueing for physical and "emotional" strain, and wanted a cash settlement, but Geico stood by me, and took the case all the way to trial.  They sent me periodic updates over the 2 year period of the case, and never once offered to settle.  The claimant lost her case in court due to wittness statements (always find a wittness!!!)and I wasn't charged a thing.

James Rosenthal
-------------- Original message -------------- 
From: Art Wegweiser <art at bmwcsregistry.org> 

> Michael, 
> Read the fine print and then read it again. Over time I have heard a 
> number of unpleasant tales about Allstate (and other) insurance. 
> They are not usually rated very high in their industry. 
> (If they are still part of Sears, however, Craftsman tools do live up 
> to their claims). 
> 
> Anybody have a real life experience making an insurance claim to this outfit? 
> Call me paranoid, but if you have seen their commercials claiming to 
> reduce your premium under certain circumstances, I am suspicious -it 
> is not quite specified what that charming young man on TV is selling 
> or what the ubiquitous fine print says even if plain English. 
> 
> Garaged and with a 7500 mile limit are the only restrictions in their 
> policy? 7500 is sort of reasonably substantial if you live where, as 
> I do, the months of Coupe driving are limited to about 5 or 6 but In 
> SoCal and such that could probably be eaten up rather quickly. 
> 
> And many of us know that Coupe odometers often give up after many 
> years. How then can you document, and will Allstate accept, your 
> mileage statements or give you the New Orleans treatment? 
> 
> Art 
> 
> At 2:55 PM -0400 3/18/07, Michael Thompson wrote: 
> >I negotiated a low rate with Allstate with the restriction that it 
> >is garaged and I limit the miles per year to 7,500. In RI if you 
> >have more than one car insured in your name then you have to pick 
> >one as your daily driver. The other is a "pleasure vehicle" and gets 
> >a discount. 
> > 
> 
> -- 
> 
> 
> 
> 
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