Welcome to The Victoria Volkswagen Club!

     Navigation
· Home
· About
· Classifieds
· Contact Us
· Forums
· Private Messages
· Your Account

     Login
Nickname

Password

Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.

Victoria Volkswagen Club: Forums

VVWC :: View topic - Insurance question
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Insurance question

 
Post new topic   Reply to topic    VVWC Forum Index -> VVWC Lounge
View previous topic :: View next topic  
Author Message
Richard
Newbie
Newbie


Joined: Nov 30, 2014
Posts: 15
Location: North Saanich, BC

PostPosted: Fri Feb 03, 2017 1:59 pm    Post subject: Insurance question Reply with quote

Hi!

I just came to realize that when my '75 bus comes back from paint in 4 weeks and gets married to her newly rebuilt stroker engine and her new suspension and bling rims, it will represent an embarrassing amount of money spent on the restoration over the past two years. It just sneaks up on you one trip to Chris at a time!

I talked to our insurance broker and was told that ICBC just stopped insuring on a claimed value basis. It was never intended to be a Collector and would fall short on a number of non-stock issues.

It's not a $300,000 21 window but it's worth more that any other vehicle I own! What do do?

Would a bunch of pictures, a binder full of receipts... maybe a letter of valuation from Tom... help in the event of a loss???

Thanks
Back to top
View user's profile Send private message
Bow-Wow
Postaholic
Postaholic


Joined: May 04, 2006
Posts: 2660
Location: Langford

PostPosted: Fri Feb 03, 2017 2:14 pm    Post subject: Re: Insurance question Reply with quote

Richard wrote:
Hi!
It just sneaks up on you one trip to Chris at a time!

Would a bunch of pictures, a binder full of receipts... maybe a letter of valuation from Tom... help in the event of a loss???

Thanks


Yes, definitely yes, and yes.

_________________
Volkswagen. Turning owners into mechanics since 1938.
Back to top
View user's profile Send private message Send e-mail
WCP
Postaholic
Postaholic


Joined: Aug 11, 2007
Posts: 2093

PostPosted: Fri Feb 03, 2017 2:28 pm    Post subject: Reply with quote

i have a declared value policy on my 356. they still offer them.

every few years i have to up the amount cause i cant leave it alone. Sad
Back to top
View user's profile Send private message
brenticon
VVWC Guru
VVWC Guru


Joined: Jul 06, 2012
Posts: 270

PostPosted: Fri Feb 03, 2017 11:42 pm    Post subject: Reply with quote

I insured an old hot rod years back at BCAA
PLPD with ICBC and extra insurance with them.
I'm sure other agencies possibly have something similar.
Back to top
View user's profile Send private message
Richard
Newbie
Newbie


Joined: Nov 30, 2014
Posts: 15
Location: North Saanich, BC

PostPosted: Tue Feb 07, 2017 10:25 am    Post subject: Reply with quote

I contacted another ICBC agent (a friend of mine) and he confirms that ICBC stopped offering declared value policies about a year ago.

His advice was to register the vehicle with the minimum required ICBC insurance and then seek a stand alone policy from another insurance company. He suggested that Megson Fitzpatrick may broker insurance from such a company.

OR, go with photo's receipts, an appraisal and be prepared to defend a claim in the case of an accident.

I'm going to pose the same question to TorqueMasters... lots of high value vehicles there.
Back to top
View user's profile Send private message
Artacoma
Regular
Regular


Joined: Feb 23, 2014
Posts: 68
Location: Victoria

PostPosted: Tue Feb 07, 2017 1:15 pm    Post subject: Reply with quote

I tried through ICBC and they couldn't help , the broker tried through a private company (don't know the name) and they were no go unless I do the collector plates thing but I can't do that and have the artisan coverage I need to be able to use my van for work as well.
Let us know if you find something

_________________
Cheers
Rik
86 syncro tintop
Subie 2.5 SOHC<div><br /></div>
Back to top
View user's profile Send private message
Richard
Newbie
Newbie


Joined: Nov 30, 2014
Posts: 15
Location: North Saanich, BC

PostPosted: Tue Feb 07, 2017 3:09 pm    Post subject: Reply with quote

From Torque Masters...

Hagerty Insurance, which is brokered by Coast Capital, provides insurance for vehicles that are worth more than ICBC is willing to value them at.

I will visit them next week with documentation about my build and get information and a quote from Hagerty.

More to follow...

Richard
Back to top
View user's profile Send private message
owdlvr
Regular
Regular


Joined: Aug 28, 2008
Posts: 48

PostPosted: Fri Feb 17, 2017 3:23 pm    Post subject: Reply with quote

Was about to suggest Hagerty.

They're fantastic. A lot of people don't realize the extra items they have for their clients. Doing a restoration and can't find a specific part? They have guys on staff who's sole job is to find those impossible-to-find parts for their clients. Seriously, their _job_.

-Dave
Back to top
View user's profile Send private message
Richard
Newbie
Newbie


Joined: Nov 30, 2014
Posts: 15
Location: North Saanich, BC

PostPosted: Sat Feb 13, 2021 5:42 pm    Post subject: Haggerty Reply with quote

An update... Haggerty will not insure my Westfalia because it can be used for camping. A category they will not cover.

I will try Megson and a few other insurance brokers. I have spent far too much on this little bus to trust insurance to ICBCs basic rate!
Back to top
View user's profile Send private message
panel
Turbo
Turbo


Joined: Oct 28, 2003
Posts: 3068
Location: Victoria B.C. Canada

PostPosted: Sun Feb 14, 2021 10:28 am    Post subject: Reply with quote

If you're not using it for work could you get collector plates for it ? Would that help re the value of the vehicle ?
_________________
Built by Germans powered by Japanese and brought together by Canadians
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    VVWC Forum Index -> VVWC Lounge All times are GMT - 7 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot attach files in this forum
You can download files in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001 phpBB Group

Version 2.0.6 of PHP-Nuke Port by Tom Nitzschner © 2002 www.toms-home.com




All logos and trademarks in this site are property of their respective owner. The forum posts are property of their posters, all the rest © 2003 by The Victoria Volkswagen Club.

PHP-Nuke Copyright © 2005 by Francisco Burzi. This is free software, and you may redistribute it under the GPL. PHP-Nuke comes with absolutely no warranty, for details, see the license.
Page Generation: 0.34 Seconds