As the title says, how many of you insure your unfinished projects? I'm at the stage right now where I've got quite a bit of money in my camaro, and it may even be worth a bit of money (maybe half what I have in it if I'm lucky :D). It's a long term project and I doubt I'll be able to afford to finish it any time soon, but I just keep poking away at it as I find time and money. Right now it's at a body shop, and I find myself worried about it while it's out of my possession. It's not a full professional collision type shop, just a side business the guy has restoring classic cars in his spare time, the shop is in his backyard. I'm not sure what kind of business insurace coverage he would have. Even if something were to happen to it when it's in my garage, I doubt I'd get much from my homeowner's policy. I sent off an email to what I suppose is the Canadian equivalent of Hagerty or Grundy - Lant Ins. Co, who provide the Silver Wheel Plan (http://www.lant-ins.ca/silver.html) asking about basic comprehensive insurance on an unfinished project, I'll see what they say. Anybody else have experience with this company, or a similar situation? Thanks!

do some searches and read some horror story's, then call your agent and at least put comprehensive on the car, quick!

One member recently suffered a total loss due to a fire started in his garage by an appliance that was completely unrelated to the car. His homeowners REFUSED to cover any motor vehicles.

Hmm... that's disturbing. I think I'll start checking this out first thing Monday morning. I imagine I'll have to get it appraised - it will probably be interesting to see what the appraiser makes of it...

I asked about this a while back and my State Farm agent said they can't insure a vehicle unless it has current registration & inspection (like all the other cars on the road). He didn't know of any insurance company that would, except maybe the one's who specialize in classic cars. I was going to check with them but never have.

As far as homeowners goes, State Farm says there are circumstances where homeowners will cover damage to a car but once again, it must have current registration/inspection and be insured with an auto policy.

I too need to check into this further.....I would hate to loose all that work/cost!! Mine have survived one hurricane but I hate to push my luck!

Hagerty Classic Car Insurance (http://www.hagerty.com/) has a great deal..
Upload or Email them a few pics, then agree verbally to a value, (no apprasial fees, very easy).

When I bought my project, (1 year ago) I told them it was worth $3000, that cost me $75/year.
My project is still not road-worthy, but this year during insurance renewal I had receipts for another $10k..

They had me upload some new pics, asked my value, and bumped it to $13,000.00 no questions asked, no receipts, same price, $75/year.

Allstate and Statefarm look at all cars the same.
Hagerty understands that a classic Car is your baby and you will take special care with it.

grundy will insure while you are restoring. You will need pictures and receipts
of the work in progress.

Had mine insured by Haggerty while I was in the process of restoring it sent them a picture of it and they covered it

I carried insurance and kept my tags/registration current through building my Camaro and my '55 pickup. I figured if anything happened I could claim insurance. If for some strange reason they were stolen in the process, I would have current tags and registration to help with any tracking or identification. I didn't have any problems, and in reality the cost is cheap compared to everything else that goes into a project.

Had mine insured by Haggerty while I was in the process of restoring it sent them a picture of it and they covered it
That is what they told me. The woman there said I would have to send them current pics and they like to see it on a timeline to be done in less than 3 years.

Thanks guys. Sounds like for you guys in the 'States Hagerty is a good way to go - hopefully this "Silver Wheel Plan" is close to equivalent for us up in Canada. I hope they don't want to impose a timeline on me, though, I'm not good at sticking to those! My philosophy with the car is it'll take as long as it does to do it right, it would be better to take forever and do it properly than to get it done quickly but not be satisfied with it when it's complete... so far that "forever" seems to be pretty accurate!