DTSFab.com (Desert, Trail and Sand)
UTV's Off Road ( RZR, YXZ, Mini Buggy, Carts,etc.) => UTV General Discussion => Topic started by: Wyattboche on December 11, 2009, 08:00:16 PM
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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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Home built buggy? Liability only I assume?
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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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Home built buggy? Liability only I assume?
Full coverage. And they valued the buggy for $20,000.
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home built?
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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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I had no idea it was so reasonable.
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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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Yes home built. Wyatt is the buyer of my old Piranha. He has had it for about 2 years now.
(https://dtsfab.com/proxy.php?request=http%3A%2F%2Fi39.photobucket.com%2Falbums%2Fe162%2FWH1TETIGER%2FSilver%2520Lake%252007%2FSilver066.jpg&hash=64bd3ba65235f6287adbefcbeeb70c7ac882c8d5)
(https://dtsfab.com/proxy.php?request=http%3A%2F%2Fi39.photobucket.com%2Falbums%2Fe162%2FWH1TETIGER%2FSilver%2520Lake%252007%2FSilver063.jpg&hash=06066b95d88ff0f791de20809b744e5f20632f0c)
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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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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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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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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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"specially ifin you know the tricks / road / process."
Wanna expand on that?
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no. it would take to long. but i am always willing to help folks.
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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.
At sandseeker you give them all of your car info and pics and they give you a value. He asked me what I felt my value was and we were within $1000. They definately know about sandrails. The owner of sandseeker goes to the desert and owns cars. When I rattled off my build list he knew everything I was talking about. I actually ended up talking for about 1-1/2 hours about the desert with the owner. He was very cool and informative. He even informed me about some issues I might have with my model of trailer.
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Got a contact number and do they sell in Kansas?
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Got a contact number and do they sell in Kansas?
fabr who are you asking? Me or someone else?
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Sorrry,I was asking about sandseeker.
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Use the force:
http://lmgtfy.com/?q=sandseeker+insurance&l=1 (http://lmgtfy.com/?q=sandseeker+insurance&l=1)
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Use the force:
http://lmgtfy.com/?q=sandseeker+insurance&l=1 (http://lmgtfy.com/?q=sandseeker+insurance&l=1)
I contacted this company, and they said I couldn't get there ins. because I don't live in california or Arizonia.The insuarnce man(my local ins guy) told me the value is ether what you paid for it or what would it cost to replace the buggy. Here is the email I sent and got back.
Doug, How do I determen the value of the dune buggy?
His response
What amount did you purchase it for, what did is cost for you to build or what would it cost to replace?
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Well that screws me also.
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That just means the agent is not licensed in those states (Stupid - easy process and he could expand his market - Whatever.....) Fix? Simple - find another agent - you are looking for the carrier, not the agent.
here is the carrier:
http://www.foremost.com/products/ (http://www.foremost.com/products/)
do an agent search and it will be just fine.
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AHA!!!!
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Hell,I have an agent right here in town that I've known for 40 years. This SHOULD be simple now.
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That just means the agent is not licensed in those states (Stupid - easy process and he could expand his market - Whatever.....) Fix? Simple - find another agent - you are looking for the carrier, not the agent.
here is the carrier:
http://www.foremost.com/products/ (http://www.foremost.com/products/)
do an agent search and it will be just fine.
AHA I'll have to give that a try. Thanks Yummi
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You can damn well bet that whatever I have next will be full covered!
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I bet so.
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I've been doing some research about Foremost insurance. Web stuff is not positive but is not anything buggy related that I can find. Anyone here -in Kansas-have any experience with a buggy claim of any kind and Foremost?
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I've been doing some research about Foremost insurance. Web stuff is not positive but is not anything buggy related that I can find. Anyone here -in Kansas-have any experience with a buggy claim of any kind and Foremost?
I have Foremost but I have not had to claim on it as yet. Will have to cross that bridge when I get there. Was Easy to get. Just called said I had a buggy that I wanted to insure and told them how much I had in it. they sent me the policy.
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I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.
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I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.
Don't know who had there insurance. I'll have to ask next time we are down there.
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I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.
Give me a webb site to go read.
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Been looking at stuff all afternoon. Everything from good to bad and most of it contradictory. WTH knows what's right.
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I found this company through Sand Sports Mag. Going to give them a call or email.
http://stclairinsurance.com (http://stclairinsurance.com)
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I found this company through Sand Sports Mag. Going to give them a call or email.
http://stclairinsurance.com (http://stclairinsurance.com)
An agent writing foremost.
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Yummi,got any insight for me? PM if you wish.
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An agent writing foremost.
Ya I had to go to there site to see what they will give me for a quote. Not shure if there is an agent in my area that carries foremost ins.
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Yummi,got any insight for me? PM if you wish.
Yes - lots and lots. Most folks like to bitch because that's what they do. Insurance companies are very easy targets. Dealing with peoples expectations and what they perceive to be "their money" is at best a challenging game. Example, guy starts to bitch somewhere, I offer to help, next thing you know there are lots of - "oh yeas" so what he posted was not really the skinny. Close but not quite.
So, before you believe the horror stories - Always ask the question - was it properly insured?
If so, and it is a true gripe on value, that is easy to resolve. If it is something else - then it is a bit tougher to resolve. But 100% gaurenteed there is no resolution, good or bad, without a policy to begin with.
Buy the policy, hope you never have to make a claim, but if you do I will gladly walk you through it to ensure you are as satisfied as we can get you. And in the event you are not satisfied at least you will understand why.
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How does a person define properly insured? How do you KNOW you are?
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Well, the way you know you are is to read the policy and not just belive what an agent tells you. That is the hardest thing to overcome.
Agents oversell stuff - tell folks what they want to hear to make the sale. Most agents never read a policy and even if you explain it to them they dont want to hear about it. They are only concerned with sales - not claims. They only give a rats ass about a claim when they get a complaint. Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus. Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file.
You have to work within the confines of the system for personal lines. On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy. The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be. The goal on off road is to insure you and your shit against the guy that has no insurance.
We go from there.
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Well, the way you know you are is to read the policy and not just belive what an agent tells you. That is the hardest thing to overcome.
Agents oversell stuff - tell folks what they want to hear to make the sale. Most agents never read a policy and even if you explain it to them they dont want to hear about it. They are only concerned with sales - not claims. They only give a rats ass about a claim when they get a complaint. Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus. Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file.
You have to work within the confines of the system for personal lines. On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy. The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be. The goal on off road is to insure you and your shit against the guy that has no insurance.
We go from there.
How well I now know that. :'(
I had always heard that.
Help me out on that. I'm a bit dense tonite.(There's another for ys boost. rofl)
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OK, on an auto policy or Homeowners policy there is the General Liability side. Lets focus on cars. The GL side is what pays claims made aginst you when you run into shit. That is the limits refered to as 100/300 50/100 what have you. The limts are max and per claimant. So, say you hit a school bus full of kids - 300k max to resolve them all.
Now, most policies have a un insured / under insured limits as well. That may not apply in no fault states. But, most states it does. So, say the guy that hits you has no insurance and you are hurt - you can collect from that portion of your policy. Effectivly you are paying his premium with the UMBI portion of the policy.
Again, on off road stuff, worry about the UMBI limits - that will cover you if some guy hits you and you are hurt. If you crash (solo car) and are hurt the med pay limits come into play - well, unless we discuss the phantom driver. Most states will not let you insure your theoretical claims against your own injuries higher than your theoretical claims of the public - hence the GL limits for off road should be whatever you want the UMBI limit to be.
I carry 250/500 on the UMBI for the buggy, and by default I carry 250/300 for the GL side of the buggy. If a guy hits me, and I am hurt. and he is uninsured (most are in the off road world), the most I can collect from my own policy would be 250 for me, 250 for the passenger. BTW, 250 is a hell of a wallop, (you would be hurt pretty bad) but it adds up quickly in that event.
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Cool,thanks for the info. BTW what does the acronym UMBI actually stand for?
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Well, the way you know you are is to read the policy and not just belive what an agent tells you. That is the hardest thing to overcome.
Agents oversell stuff - tell folks what they want to hear to make the sale. Most agents never read a policy and even if you explain it to them they dont want to hear about it. They are only concerned with sales - not claims. They only give a rats ass about a claim when they get a complaint. Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus. Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file.
You have to work within the confines of the system for personal lines. On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy. The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be. The goal on off road is to insure you and your shit against the guy that has no insurance.
We go from there.
;)
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That would be UUBI. Where'd the M come in at? eyes ;D
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Motorist?
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Motorist?
Ding ding ding.
Uninsured motorist bodily injury. (AKA : Crap - I just got wadded up by an illegal - but CIJGWUBI was too long)
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Hehehheheeeee
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I got this from an online inquiry. Opinion Yummi? Seems a bit high from what others have indicated. I really want to be properly covered this time around. Help! They ask for a VIN. I'm gonna HAVE to get this thing street legal for THIS company????? My heads gonna explode! LOL!!!!
Wes,
Thank you for your inquiry for dune buggy insurance. I can be reached at
949-270-0609 ext. 1004. Below are the coverages and pricing options:
Coverages:
Bodily Injury and Property Damage Liability: 100/300/50
Uninsured Motorist and Property Damage: 100/300
Medical Payments: 2,000 per person
PIP: Medical expenses $4,500, workloss $900 per month max 1 year
Comp Deductible: 500.00
Collision Deductible: 500.00
(Valued at $30,000)
Payment Options:
$797.00 (PAY IN FULL FOR 6 Months)
Monthly by EFT: $138.03 (down) and $139.00 (monthly)
To Move forward with the policy we will need:
VIN number for the vehicle
Payment information
We will need your wife's first name, her date of birth and her driver's
license number.
If you would like to make changes to the quote, fill free to let us know!
Thank you!
Customer Service Department
(949) 270-0609
(949) 270-0608 (fax)
<mailto:support@stratumins.com> support@stratumins.com
<http://www.runquotes.com/> http://www.runquotes.com/
Stratum Insurance Agency
0E52066
"Health, Life, Dental, Auto, Homeowners, Motorcycle, Dune Buggies, Boat,
Renters, General Liability, E&O, Workers Comp RV, Trailer, Surety Bonds,
Earthquake, Flood , and so much more..."
This electronic transmission, and any documents attached hereto, may contain
confidential and/or legally privileged information. The information is
intended only for use by the recipient named herein. If you have received
this electronic message in error, please notify the sender and delete the
message. Any disclosure, copying, distribution or use of the contents of
information received in error is strictly prohibited. DO NOT CANCEL YOUR
INSURANCE UNTIL YOU HAVE CONFIRMATION THAT NEW INSURANCE IS IN FORCE
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Just tell them you wish to make changes to the quote. Name your price and tell them where to sign kick
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??
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I got this from an online inquiry. Opinion Yummi? Seems a bit high from what others have indicated. I really want to be properly covered this time around. Help! They ask for a VIN. I'm gonna HAVE to get this thing street legal for THIS company????? My heads gonna explode! LOL!!!!
Wes,
Thank you for your inquiry for dune buggy insurance. I can be reached at
949-270-0609 ext. 1004. Below are the coverages and pricing options:
Coverages:
Bodily Injury and Property Damage Liability: 100/300/50
Uninsured Motorist and Property Damage: 100/300
Medical Payments: 2,000 per person
PIP: Medical expenses $4,500, workloss $900 per month max 1 year
Comp Deductible: 500.00
Collision Deductible: 500.00
(Valued at $30,000)
Payment Options:
$797.00 (PAY IN FULL FOR 6 Months)
Monthly by EFT: $138.03 (down) and $139.00 (monthly)
To Move forward with the policy we will need:
VIN number for the vehicle
Payment information
We will need your wife's first name, her date of birth and her driver's
license number.
If you would like to make changes to the quote, fill free to let us know!
Thank you!
Customer Service Department
(949) 270-0609
(949) 270-0608 (fax)
<mailto:support@stratumins.com> support@stratumins.com
<http://www.runquotes.com/> http://www.runquotes.com/
Stratum Insurance Agency
0E52066
"Health, Life, Dental, Auto, Homeowners, Motorcycle, Dune Buggies, Boat,
Renters, General Liability, E&O, Workers Comp RV, Trailer, Surety Bonds,
Earthquake, Flood , and so much more..."
This electronic transmission, and any documents attached hereto, may contain
confidential and/or legally privileged information. The information is
intended only for use by the recipient named herein. If you have received
this electronic message in error, please notify the sender and delete the
message. Any disclosure, copying, distribution or use of the contents of
information received in error is strictly prohibited. DO NOT CANCEL YOUR
INSURANCE UNTIL YOU HAVE CONFIRMATION THAT NEW INSURANCE IS IN FORCE
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check with another agent - other than that sounds good. prices have gone through the roof is the story on the off road stuff - that seems way high - maybe new policy? again, check with other agent.
vin is not street legal - just a vin # - dmv can issue even on off road cars. or, use motor number.
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check with another agent - other than that sounds good. prices have gone through the roof is the story on the off road stuff - that seems way high - maybe new policy? again, check with other agent.
vin is not street legal - just a vin # - dmv can issue even on off road cars. or, use motor number.
Aha! Thanks.
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One other thing - part of the reason this is kind of high is it has PIP. That is a Kansas deal. We don't generally have that on the west coast. It is good to have in the event of injury.
BTW, if this foremost - it is a max value of up to 30k not just a here's a crash pay 30k. not quite that simple, but not that hard. Just a heads up. No worries.
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At this point I have no idea who the carrier(?) is.
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Thanks for the info guys! 8) 8) 8)