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I don’t know about what type of, or with whom you all have for insurance.
I had the same company for my TDR as I had for my other cars (the BIG one from Bloomington, IL;)),
but they were only going to cover my LR as a VW(which may NOT have been so bad), but I wanted the body and extras to be covered. But was told they wouldn’t be, only the original VW bits.
I remembered seeing ads on the Velocity Channel for company called Hagerty and looked them up online. They offer coverage for ALL sorts of vehicles. Replicas being among them. I found they had an office nearby and gave them a call.
In less than a day I had new coverage for my entire car;shiny bits and all, even at LESS than I was paying for the same options.
As I said, don’t know about the rest of you, but you may want to check Hagerty for your coverage.Amor Conquista Todo
I tried to insure the TDR with company I have been with for over 30 years and they were not even interested in providing quote. Was referred to broker in Canada who works with Hagerty and I had the same experience as you did. Not only did they offer coverage for what I paid for the TDR but also the taxes I had to pay to get the ownership transferred. Asked about a quote for RAM and Chrysler 200 and was told they only provide coverage for classics. Guess classic owners only use vehicles on sunny days and are more careful drivers so there are fewer claims.
David B Dixon
Port Perry ON CA
SabineWhen I checked about insuring through Hagerty it would have cost something around 1/3 more than State Farm. Just agreed on an insured value of $6000. History shows that accidents only get me every 10 years, last being a few years ago, so I’m not too worried… yet.
We’ve been through this before..and maybe even with LRH in on the discussion.
Whatever insurer you decide to use, make sure you have an “Agreed Value” policy and not a “Stated Amount” policy.
The latter, Stated Amount “states” a value for the purpose determining your Comprehensive and collision premiums, but the coverage grant and the loss settlement provision will still provide payment only for the value of the vehicle at the time of the accident. In other words, they will depreciate the car. Your policy will say something along the lines of “In the event of a loss, we will pay for the lesser of the amount of the damage or the actual cash value….”
An Agreed Value policy will use your agreed valuation for rating AND for loss settlement. The “actual cash value” language will not be in your coverage or loss settlement provisions.
There are lengthier threads on the insurance topic, somewhere here. But the above is the gist of it.
Also, for the record, Hagerty is NOT an insurance company. They are an agency specializing in collector car insurance (and other collectibles). The insurance companies they place business with are:
Essentia Insurance Company (NAIC 37915)
Nationwide Mutual Insurance Company (NAIC 23787)
Nationwide Insurance Company of America (NAIC 25453)
See: https://www.hagerty.com/corporate/Hagerty-Disclosures/US-Auto
Paul Mossberg
Former Owner of a 1981 Classic Roadsters Ltd. Duchess (VW)
2005 Intermeccanica RoadsterIf you own a TDr and are not in the Registry, please go to https://tdreplica.com/forums/topic/mg-td-replica-registry/ and register (you need to copy and paste the link)
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