Quote:
Originally Posted by Tcoat
Don't know about the US but I had this issue with some classic cars in Canada. The problem with the classics is that one may be worth $2K and the exact same car in better or fully restored condition may be worth $75K.
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The solution down here is Hagerty, Grundy or a similar boutique insurer that offers Agreed Upon Value insurance, where you basically get an appraisal and insure for that value. Some of the mainstream insurance companies also offer "Stated Value" coverage for less money, but that's usually not any better than conventional insurance. You get what you pay for.
The boutique companies often specifically exclude mods or specific types of mods. It's pretty much impossible to get off-road mods insured. The attitude toward street mods seems to be relaxing, with so many people doing restomods of classics instead of restoring back to original condition. It really doesn't make sense to penalize someone for upgrading to a modern A/C system, disc brakes or throttle body injection to make an old car safer and more reliable.