Insurance

twobjshelbys · #1 (**permalink**) 04-21-2021, 05:04 PM

Quote:

Originally Posted by Lightingrod

They also wanted a copy of my Umbrella Policy?

It's a super liability policy. If you have your daily driver and homeowners with the same company it's easy to get.

Lightingrod · #2 (**permalink**) 04-22-2021, 01:09 PM

Quote:

Originally Posted by twobjshelbys

It's a super liability policy. If you have your daily driver and homeowners with the same company it's easy to get.

Yes, I've had an umbrella policy for years, businesses and renal properties! However I have never had anyone ask about it when I was getting car insurance.

patrickt · #3 (**permalink**) 04-22-2021, 01:40 PM

Quote:

Originally Posted by Lightingrod

Yes, I've had an umbrella policy for years, businesses and renal properties! However I have never had anyone ask about it when I was getting car insurance.

The Umbrella Policy's carrier needs to know what sort of "thing" they are insuring you for and that you have an underlying policy on that thing that covers the first few hundred thousand or so of liability. All of that usually gets listed on the front of the policy. Always be truthful and transparent with your insurance company and agent. Never fool them in to issuing you a policy by playing "hide the ball." That will come back to bite you in the ass if you ever need them.

twobjshelbys · #4 (**permalink**) 04-22-2021, 02:10 PM

Quote:

Originally Posted by Lightingrod

Yes, I've had an umbrella policy for years, businesses and renal properties! However I have never had anyone ask about it when I was getting car insurance.

I had to have one to insure the Ford GT. They know that if you get in any incident with a "race car" that the bullseye is 10x larger for law suits.

And yes, it was a two-way street. American Modern wanted a copy of the Umbrella that explicitly listed the GT as included. In order to do that the Umbrrella had to list the GT (which resulted in a premium increase. The Umbrella is not hugely expensive but it did shift.)

Midwest Classic · #5 (**permalink**) 04-23-2021, 07:17 AM

Give us a call or drop me and email and be glad to help you with the insurance coverage. I have been in the business for 40 years and been insuring Cobras primarily since 1999. We have different markets including American Modern, American Collectors, and Hagerty that we use. We can shop the best rate for you initially and at renewal.

Any questions let me know.

Robbin Terry
robbin@midwestclassicins.com
www.midwestclassicins.com
888-271-4000