Do you Need Insurance On A Classic Car collection? Nah

General Discussion

  1. Cranky

    Cranky Banned Staff Member FBBO Gold Member

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    I'm that way on flood insurance. The premium went through the roof and combined with my homeowners insurance, my bill for both was going to be 48k a year!! Screw that crap. Been here 33 years and my place has never flooded. Even thought about dropping my homeowners to but that would not be a smart move imo.


    Not sure if he ever got them to pay up or not but last time I talked to him about it, he said there would be legal action if they didn't.
     
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    • Dennis H

      Dennis H FBBO Gold Member FBBO Gold Member

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      Insurance is one of the biggest ripoffs on the planet. That said, I insure most everything. Biggest ripoff you can't live without.
       
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      • Photon440

        Photon440 FBBO Gold Member FBBO Gold Member

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        Yep, I'm sure he paid only a few cents, or perhaps traded a wagon wheel for some of his stuff when he started in 1643. :)
         
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        • Jeremiah

          Jeremiah FBBO Gold Member FBBO Gold Member

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          I just paid my Hagerty policy!
           
        • polywideblock

          polywideblock FBBO Gold Member FBBO Gold Member

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          yes only shows burnt out scrap and "heaps" under snow
           
        • dangina

          dangina Well-Known Member

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          I bet a large part of that 3 mill is the farm equipment as its not cheap, and if he inherited the farm from his parents, well....
           
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