View Full Version : Daily driver insurance

03-03-2010, 01:25 PM
Thinking about buying an '02. Just wondering if anyone uses their car as a daily driver during the summer. That is what i'm planning to do. If so, can you recommend any companies. I would appreciate any advice, thanks.

03-03-2010, 03:23 PM
I'm with TD Meloche Monnex and the car is insured as a daily driver. You simply need to obtain a proper classic car appraisal and fight your way through the bureaucracy to convince them that your car is in-fact a BMW 2002, not a 2002 BMW.

PM me if you'd like the contact of a great appraiser.

03-03-2010, 04:10 PM
Many of the direct writers (bank insurance companies, belair, etc) have agents who never deal with this kind of stuff and it's not in their employee hand book (which is often the extent of their insurance knowledge). So Smitty is right, you have to battle to get them to understand what you are trying to do.

It is often a lot less hassle to contact an insurance broker. They have multiple insurance markets and can give you several quotes with different companies who have the capacity to insure classic cars or a procedure in place to determine how to do it.

In either instance (direct writer or broker) you most likely need an appraisal if you are concerned with collision and comprehensive coverage and replacement value. Some companies I deal with don't need the appraisal if you are only looking for liability coverage as long as the car is mechanically fit and in good condition. (one in particular will accept a current photo and a safety certificate for older vehicles.)

BTW There are appraisers who will come to your house or office.

03-03-2010, 08:37 PM
If you've done any work that would increase the value of your '02, you'll need an appraisal.
You can opt for a '19' policy or a '19A' policy.
The difference between the two is that the '19A' policy is an agreed upon value policy based on the appraisal you submit.
The '19' policy is an appraisal that you submit that the company uses to establish the current value and it will start to depreciate every year...same as other vehicles on the road.

You’ll need to look into the insurance details though. Some will only insure for pleasure/show use only and you can’t DD the vehicle. And that includes you not being able to take it to the shopping center either. Some will also restrict the amount of mileage you do unless you notify them (e.g. driving out of the country to attend a car show).

If you need an appraiser, I’ve used Bramhall Classic Auto for my E12 appraisals and I’ve been pleased with the service.
He comes to the location of your vehicle and takes all necessary pictures/information.

Maurice Bramhall at 416-822-0096 or Toll-Free 1-866-532-3630 or Email: maurice@bramclassauto.com