Collector Car Insurance

Collector Car Insurance

Postby hotrodPT » Fri Oct 25, 2013 4:27 pm

Anybody been able to insure their PT under a collector car policy? American Collectors said they would insure the PT and the trailer, but would not do so with the "No Threshold" option. As you are aware, if you have the lawsuit threshold, you will basically not be able to collect for any pain and suffering claims unless you suffer a displaced fracture or you permanently lose a bodily function or you die, etc. If you suffer a herniated disc and have to live in pain, you are basically out of luck unless you have the No Threshold option, which costs more. Being an attorney and having to tell the vast majority of people injured in auto accidents they don't have a case because they didn't pay for the No Threshold option, I am not going to run the risk. JC Taylor offers it (and I have it) on my Corvairs, but they won't insure the Cruiser. Any luck anybody?
User avatar
hotrodPT
 
Posts: 53
Joined: Wed Sep 18, 2013 6:33 pm

Re: Collector Car Insurance

Postby DIRECTOR » Fri Oct 25, 2013 4:52 pm

Thanks Ron, I fear most people are not aware of that no threshold option? And it's implications. I was not aware of it. I am guessing a person't health insurance will not kick in to cover it?

I used Taylor for my antique Jeep. Our PT is too new and Barbara's daily driver so I just have regular insurance on it. I would love to cover it with a classic policy instead of the $600.00 it is currently costing.
User avatar
DIRECTOR
 
Posts: 201
Joined: Sun Sep 15, 2013 9:54 pm

Re: Collector Car Insurance

Postby hotrodPT » Fri Oct 25, 2013 8:20 pm

Every year when you renew your auto insurance there is a booklet that most people throw away. It is in that booklet that various options are discussed and the No Threshold option is explained in there. Basically, if you are injured but your doctor won't or can't bring himself to say the permanency word, and you have not suffered a compound fracture or lost a bodily function or have not lost a pregnancy or are still living and breathing, you cannot assert a claim for pain and suffering unless you pay for the No Threshold.* Imagine this, a person is rear-ended so hard the car is compressed up to the front seat and the front seat is broken off its mounts and the person has been pushed into the dashboard, his head and spinal column and therefore the spinal cord stretching and compressing resulting in various spinal disc herniations, and lots of pain every time you walk or try to stand or sit or lie down, yet your treating physician won't say your condition is permanent, which is the usual case of "whiplash," because you didn't pay for the No Threshold option, you grin and bear it and get no monetary compensation. Sure, your meds will be paid in accordance with what you selected as your PIP limit, but even then $250,000 doesn't go very far any more. You can sue for economic loss, e.g. unpaid medical bills, but still no compensation for pain and suffering. I tell people this all the time and they look at me like I have 3 heads because they don't want to pay for the No Threshold option, and yet they complain they can't assert a claim for pain and suffering once they are in an accident. And in New Jersey, accidents happen. The only exception is if you are hit by a vehicle that is not defined as an automobile, e.g. a bus or a commercial truck.

*A person with the lawsuit threshold (that is, without the No Threshold option) may not assert a claim "unless that person has sustained a bodily injury which results in death; dismemberment; significant disfigurement or significant scarring; displaced fractures; loss of a fetus; or a permanent injury within a reasonable degree of medial probability, other than scarring or disfigurement. An injury shall be considered permanent when the body part or organ, or both, has not healed to function normally and will not heal to function normally with further medical treatment." N.J.S.A. 39:6A-8.

The foregoing does not constitute legal advice.
User avatar
hotrodPT
 
Posts: 53
Joined: Wed Sep 18, 2013 6:33 pm

Re: Collector Car Insurance

Postby hotrodPT » Thu Jul 24, 2014 4:26 pm

I have finally found a company that will write collector car insurance for the PT Cruiser (and trailer!) for a very reasonable price, and with the NO THRESHOLD option. Even unlimited mileage, no 2,500 mileage restriction, as long as the car is used for shows, parades and the occasional pleasure drive! This is not for an everyday driver but for a show car that sets in the garage for most of the time. I found this New Jersey company at the Syracuse (NY) Nationals last weekend. I will be saving about $700 dollars per year with full PIP, No Threshold, no deductible collision and comprehensive. The company is Condon & Skelly. Contact Lori Gardner at lgardner@condonskelly.com and tell her Ron with the PT Cruiser sent you.
User avatar
hotrodPT
 
Posts: 53
Joined: Wed Sep 18, 2013 6:33 pm


Return to PT CRUISER TOPICS

Who is online

Users browsing this forum: No registered users and 2 guests

cron