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Author Topic: Buggy Insurance  (Read 7889 times)

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Offline Wyattboche

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Buggy Insurance
« on: December 11, 2009, 08:00:16 PM »
I have found some buggy insurance. It will cost me $358 for the year. The company is from Grand Rapids, Michigan called Foremost Insurance.
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Re: Buggy Insurance
« Reply #1 on: December 11, 2009, 09:08:34 PM »
Home built buggy? Liability only I assume?
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Offline Yummi

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Re: Buggy Insurance
« Reply #2 on: December 12, 2009, 08:38:18 AM »
Foremost is part of Farmers - the higher risk end of Farmers.  358 a year would be full coverage would be my guess. 
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Offline Wyattboche

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Re: Buggy Insurance
« Reply #3 on: December 12, 2009, 11:12:50 AM »
Quote from: Masterfabr on December 11, 2009, 09:08:34 PM
Home built buggy? Liability only I assume?
Full coverage. And they valued the buggy for $20,000.
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Re: Buggy Insurance
« Reply #4 on: December 12, 2009, 11:52:00 AM »
home built?
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"There can be no divided allegiance here.  Any man who says he is an American,
but something else also, isn't an American at all.  We have room for but one
flag, the American flag... We have room for but one language here, and that is
the English language... and we have room for but one sole loyalty and that is a
loyalty to the American people."
Theodore Roosevelt 1907

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 " You have all the right in the world to believe any damn thing you'd like, but you don't have the right to demand that I agree with your fantasy"

Offline fastcorvairs

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Re: Buggy Insurance
« Reply #5 on: December 12, 2009, 01:09:33 PM »
Quote from: Wyattboche on December 12, 2009, 11:12:50 AM
Full coverage. And they valued the buggy for $20,000.

That is a good  price.  formost has my buggy coverage.  Fire theft liability in or out of the trailer for $85.00 a month for a total of $45.000.00.  Home built.
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Re: Buggy Insurance
« Reply #6 on: December 12, 2009, 01:12:08 PM »
I had no idea it was so reasonable.
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"There can be no divided allegiance here.  Any man who says he is an American,
but something else also, isn't an American at all.  We have room for but one
flag, the American flag... We have room for but one language here, and that is
the English language... and we have room for but one sole loyalty and that is a
loyalty to the American people."
Theodore Roosevelt 1907

-----------------------------------------------------------
 " You have all the right in the world to believe any damn thing you'd like, but you don't have the right to demand that I agree with your fantasy"

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Re: Buggy Insurance
« Reply #7 on: December 12, 2009, 05:42:13 PM »
i wish I had that when I pasted my ex's car ;D
Car got totaled and so did the relationship :P
She didn't dig buggies anyway :-\
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Offline Doug Heim

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Re: Buggy Insurance
« Reply #8 on: December 12, 2009, 06:45:45 PM »
Yes home built. Wyatt is the buyer of my old Piranha. He has had it for about 2 years now.








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Re: Buggy Insurance
« Reply #9 on: December 12, 2009, 08:28:36 PM »
What kind of documentation was required to get the insurance.I'm particularly interested in how the buggy value is determined.They have appraisers or do we get to set the value and if something happens are there any issues you might have heard of at the time of a claim. I'm really interested becausei just feel that we all should have it but I have not in the past and feel it's time I got off my ass and got covered. Are there exclusions we need to know about?
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"There can be no divided allegiance here.  Any man who says he is an American,
but something else also, isn't an American at all.  We have room for but one
flag, the American flag... We have room for but one language here, and that is
the English language... and we have room for but one sole loyalty and that is a
loyalty to the American people."
Theodore Roosevelt 1907

-----------------------------------------------------------
 " You have all the right in the world to believe any damn thing you'd like, but you don't have the right to demand that I agree with your fantasy"

Offline Punkur67

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Re: Buggy Insurance
« Reply #10 on: December 12, 2009, 08:29:45 PM »
Just setup my policy with sandseeker insurance for $540 a year. Full coverage on a garage built with a $24,000 value
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Offline Yummi

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Re: Buggy Insurance
« Reply #11 on: December 13, 2009, 08:24:26 AM »
Generally the policies are "declared valued" which means that you state the approximate market value at inception so they may calculate the premium based in part at the cost of the asset at risk.  At the time of a claim, in the event of a total loss, they will research and determine "fair market value."  That value could go up or down but in no event will it exceed the policy limits.  This differs slightly from a "stated value" policy where the limits are paid as a matter of routine in the event of a total loss. 

If you declare the value correctly and have a claim, it will be a little tougher to have the "fair market value" reach the "declared value" (Policy limits) but not impossible - specially ifin you know the tricks / road / process. 
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Re: Buggy Insurance
« Reply #12 on: December 13, 2009, 09:05:52 AM »
In other words you are buying a pig in a poke if you total the car. Sounds like buying postal insurance. You can declare any value you want and PAY FOR THE STATED COVERAGE but if it's lost or damaged you have to then PROVE the value of the loss even though you pay for the full amount. Nearly impossible with a home built car.But if even the liability portion is good it is worth the price I guess. When my friend was killed at LS last year the people he ran into were fortunately insured as it cost the insurer 100 grand even though they were not at fault any more than he was. What liability limits come with these policies? I mean losing a car(had a bit of that shit already!) is bad enough but losing your ass because of a complete accident that was only partially ,or not at all,your fault would be ,IMO, far far worse.
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"There can be no divided allegiance here.  Any man who says he is an American,
but something else also, isn't an American at all.  We have room for but one
flag, the American flag... We have room for but one language here, and that is
the English language... and we have room for but one sole loyalty and that is a
loyalty to the American people."
Theodore Roosevelt 1907

-----------------------------------------------------------
 " You have all the right in the world to believe any damn thing you'd like, but you don't have the right to demand that I agree with your fantasy"

Online fabr

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Re: Buggy Insurance
« Reply #13 on: December 13, 2009, 09:07:22 AM »
"specially ifin you know the tricks / road / process."


Wanna expand on that?
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"There can be no divided allegiance here.  Any man who says he is an American,
but something else also, isn't an American at all.  We have room for but one
flag, the American flag... We have room for but one language here, and that is
the English language... and we have room for but one sole loyalty and that is a
loyalty to the American people."
Theodore Roosevelt 1907

-----------------------------------------------------------
 " You have all the right in the world to believe any damn thing you'd like, but you don't have the right to demand that I agree with your fantasy"

Offline Yummi

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Re: Buggy Insurance
« Reply #14 on: December 13, 2009, 09:54:49 AM »
no.  it would take to long.  but i am always willing to help folks.
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