Insurance question

[vintageracer]

Where did you buy a $40 Camaro? If that's all you Camaro is worth to you? Sell it to me! You are worried about $40.00 to properly insure a 69 Camaro? Say it ain't so?

Ask your Geico agent only 1 question that is this:

Is the policy you are selling me an "agreed value" policy or a "stated value" policy?

If the Geico agent says the policy is an "agreed value" policy, make him/her show you specifically in writing that term in the policy. I hope it is there but I'll take the bet that it is not!

Agreed value insurance policies are the only type of policies Hagarty and all the other dedicated collector car insurors sell. This is the only policy to have for a collector type car. I suggest that others on this site who have their collector cars insured with a main line carrier like Geico or State Farm read their policy. Chances are REAL GOOD you will find you have a stated value policy and not an agreed value policy. Read your policy. Don't take you agents word for it.

Concerning insuring your car as something it is not now, ie a big block car. Purchasing the wrong insurance or purchasing insurance based upon misreprestation is as good as having no insurance. If you are going to misrepresent your car, why buy insurance at all? Have a claim and it can be denied since you did not properly insure your car based upon misreprentation (fraud).