Just had an interesting experience with Hagerty Insurance that I will pass on since they say nothing about this until after you apply for their insurance.
I own my 74 Pantera (34,000), a completely restored 65 Ford Ranchero ($17,000) and wanted to insure them with Hagerty for these amounts.
I understood that you must have a second car for each one insured with another company.
I have a 65 another 65 Ranchero and a 65 Falcon Sprint, both with allnew running gear and paint, etc. They are in excellent running condition and rarely breakdown.
Here is the kicker from Hagerty.
FYI***You MUST have as a second car that is 20 years old or newer for each car insured with Hagerty!***
I also understand that most all the other speciality companies are the same.
So, I told them that they want me to drive , as a second car, one that is guaranteed to breakdown.
I guess it is off to my local State Farm Agent for a thrashing! lol
My 65 restored Ranchero is insured with State farm with a $17k value for abour $640.00 a year.
I will find out tomorrow how much the Pantera will be for either $36K or $25k and will act accordingly.
Hate to get caught underinsured also.
Wink
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