Who insures EVs?

[Bill Ferguson]

Our EV is very close to being completed, and before we drive it...

Who does insurance for EVs? Does anyone have any experience with  
insuring a car worth much more than the blue book value? What  
insurance companies are willing to insure a custom car?


Thank you,
Bill Ferguson
eeVeeMotors.com

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[Steven Ciciora]

I bought a "stated value" insurance policy for my Karmann Ghia.  I think it was easier than if I tried to get a stated value policy for my '86 truck, though...  I stated how much I wanted to insure it for and got two appraisals for at least that amount.  Everyone suggested I carefully document what the car was, save receipts, take lots of pictures, etc.  Before they paid out on a claim, I'd have to do a bit more to prove what the car was worth (produce receipts, argue my case, etc).

Now that I think about it, I got it appraised before I started converting it.  It might have been harder to get the Hot Rod Appraiser types to ignore the fact it was electric, or even make an appraisal.

--- On Sun, 11/1/09, Bill Ferguson <[hidden email]> wrote:

> From: Bill Ferguson <[hidden email]>
> Subject: [EVDL] Who insures EVs?
> To: "EV Enthusiasts" <[hidden email]>
> Date: Sunday, November 1, 2009, 11:29 PM
> Our EV is very close to being
> completed, and before we drive it...
>
> Who does insurance for EVs? Does anyone have any experience
> with 
> insuring a car worth much more than the blue book value?
> What 
> insurance companies are willing to insure a custom car?
>
>
> Thank you,
> Bill Ferguson
> eeVeeMotors.com
>
> _______________________________________________
> General EVDL support: http://evdl.org/help/
> Usage guidelines: http://evdl.org/help/index.html#conv
> Archives: http://evdl.org/archive/
> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>
>

     

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[Kent.Barnes]

Good luck on insurance. I have been insured by State Farm for over 25 years
in North Carolina but the regional office in Virginia refused to insure my
electric truck for anymore than blue book value. So much for company
loyalty.

I was able to get a stated value RV insurance from some small company.


-----Original Message-----
From: [hidden email] [mailto:[hidden email]] On Behalf
Of Bill Ferguson
Sent: Monday, November 02, 2009 1:30 AM
To: EV Enthusiasts
Subject: [EVDL] Who insures EVs?

Our EV is very close to being completed, and before we drive it...

Who does insurance for EVs? Does anyone have any experience with  
insuring a car worth much more than the blue book value? What  
insurance companies are willing to insure a custom car?


Thank you,
Bill Ferguson
eeVeeMotors.com

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[joe-22]

Not sure where you are, but my Farmer's Insurance agent was able to get me
coverage for stated value. They're not available in every state.

Joseph H. Strubhar

Web: www.gremcoinc.com

E-mail: [hidden email]



----- Original Message -----
From: "Bill Ferguson" <[hidden email]>
To: "EV Enthusiasts" <[hidden email]>
Sent: Sunday, November 01, 2009 10:29 PM
Subject: [EVDL] Who insures EVs?

> Our EV is very close to being completed, and before we drive it...
>
> Who does insurance for EVs? Does anyone have any experience with
> insuring a car worth much more than the blue book value? What
> insurance companies are willing to insure a custom car?
>
>
> Thank you,
> Bill Ferguson
> eeVeeMotors.com
>
> _______________________________________________
> General EVDL support: http://evdl.org/help/
> Usage guidelines: http://evdl.org/help/index.html#conv
> Archives: http://evdl.org/archive/
> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>

--------------------------------------------------------------------------------



No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.5.423 / Virus Database: 270.14.43/2474 - Release Date: 11/01/09
07:38:00

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[Bob Bath]

See website (below) on "stated value policy."


Thinking about converting a gen. 5 ('92-95) Honda Civic?  My $23 "CivicWithACord" DVD (57 mins.) shows ins and outs you'll encounter converting the sedan; the del Sol, or the hatchback. Each runs 144V/18 batteries.  Primary focus on component/instrumentation/ battery placement and other considerations.  For more info,   http://home.budget.net/~bbath/CivicWithACord.html

                          ____

                       __/__|__\__

             =D-------/   - -     \

                      'O'-----'O'-'

Would you still drive your car if the tailpipe came out of the steering wheel?

OR Lic. "LCTRNS"

--- On Sun, 11/1/09, Bill Ferguson <[hidden email]> wrote:

From: Bill Ferguson <[hidden email]>
Subject: [EVDL] Who insures EVs?
To: "EV Enthusiasts" <[hidden email]>
Date: Sunday, November 1, 2009, 10:29 PM

Our EV is very close to being completed, and before we drive it...

Who does insurance for EVs? Does anyone have any experience with 
insuring a car worth much more than the blue book value? What 
insurance companies are willing to insure a custom car?


Thank you,
Bill Ferguson
eeVeeMotors.com

_______________________________________________
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Usage guidelines: http://evdl.org/help/index.html#conv
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[Bob Rice-2]

----- Original Message -----
From: "kent.barnes" <[hidden email]>
To: "'Electric Vehicle Discussion List'" <[hidden email]>
Sent: Monday, November 02, 2009 7:50 AM
Subject: Re: [EVDL] Who insures EVs?

> Good luck on insurance. I have been insured by State Farm for over 25
> years
> in North Carolina but the regional office in Virginia refused to insure my
> electric truck for anymore than blue book value. So much for company
> loyalty.
>
> I was able to get a stated value RV insurance from some small company.
>
>   Yeah! I have State Farm, too, although Mike, S-10 owner, who JUST got
> his S-10 going last night! ANOTHER EV born in my garage!Woo Hoo! said that
> they WON'T insure EV's at all. But it depends on the agent, I guess? I
> KNEW the agent, personally, he was a gearhead himself, had met BOTH my
> cars over the 10 years I have had them, Rabbbit and Jetta? I have had
> State Farm for well over 35 YEARS, as theyt were the ONLY Co that would
> sell me insurance, Just-off-the-plane from Nam, when I bought a car, VW
> Micro- bus, a '57 with a 26 HP engine, on the Left Coast.Other than the
> damn policies are ONLY 6 month! So they can RAISE yur rates EVery 6 months
> instead of yearly! What a racket, like health insurance policies? So far,
> so good as I've never made a claim  on them! But with an old car to begin
> with I'm more interested in PL andP D than Stated value? I don't think ANY
> of them would wanna streighten out a banged up 89 Jetta?

    YMMV though?

    Bob

> -----Original Message-----
> From: [hidden email] [mailto:[hidden email]] On
> Behalf
> Of Bill Ferguson
> Sent: Monday, November 02, 2009 1:30 AM
> To: EV Enthusiasts
> Subject: [EVDL] Who insures EVs?
>
> Our EV is very close to being completed, and before we drive it...
>
> Who does insurance for EVs? Does anyone have any experience with
> insuring a car worth much more than the blue book value? What
> insurance companies are willing to insure a custom car?
>
>
> Thank you,
> Bill Ferguson
> eeVeeMotors.com
>
> _______________________________________________
> General EVDL support: http://evdl.org/help/
> Usage guidelines: http://evdl.org/help/index.html#conv
> Archives: http://evdl.org/archive/
> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>
> _______________________________________________
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> Usage guidelines: http://evdl.org/help/index.html#conv
> Archives: http://evdl.org/archive/
> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>

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[Willie McKemie-3]

EVeryone seems to be talking about optional collision/theft/fire/etc
insurance here rather than state required liability coverage.  I've had
no trouble getting liability coverage on my EVs.  Considering that
about 50% of insurance premiums go to overhead and insurance company
profit, I elect to not have other coverage.  We now have a virtual fund
of around $60K of saved insurance premiums.

--
Willie, ONWARD!  Through the fog!
http://counter.li.org Linux registered user #228836 since 1995
Debian3.1/GNU/Linux system uptime  688 days  3 hours 47 minutes

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[Jon Glauser-2]

I have the state required liability through State Farm on my EV. If
one agent wont work with you, try another who will. Just because they
tell you the regional office wont do it, doesnt mean they actually
wont! There are a lot of games played between agents and offices. Some
agents are more willing to help their clients than others get through
the offices.

My father-in-law is a State Farm claims adjuster (not that it give me
any credibility). He told me to not worry about making an issue about
it being a converted EV when I get the policy. He also said if I
wanted a stated value policy it wouldnt be a problem, I'd just have to
talk to my agent. You dont have to prove it's value either, but you
have to pay premiums for what you say it's worth! Of course he
recommended an awesome agent to me who will bend over backwards for
his clients for policies and claims.

-Jon Glauser
http://jonglauser.blogspot.com
http://www.evalbum.com/555

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[SLPinfo.org]

I had to search for a while but I now have mine insured as a "modified
vehicle" (with a stated value) through Progressive.  Some of their agents
are not aware that this is possible so you have to tell them to keep looking
in their system.  I also could have gone with Farmer's, but Progressive
turned out to be a bit cheaper for me for the same coverage.

- Peter Flipsen Jr
http://www.evalbum.com/1974




On Mon, Nov 2, 2009 at 9:05 AM, Jon Glauser <[hidden email]> wrote:

> I have the state required liability through State Farm on my EV. If
> one agent wont work with you, try another who will. Just because they
> tell you the regional office wont do it, doesnt mean they actually
> wont! There are a lot of games played between agents and offices. Some
> agents are more willing to help their clients than others get through
> the offices.
>
> My father-in-law is a State Farm claims adjuster (not that it give me
> any credibility). He told me to not worry about making an issue about
> it being a converted EV when I get the policy. He also said if I
> wanted a stated value policy it wouldnt be a problem, I'd just have to
> talk to my agent. You dont have to prove it's value either, but you
> have to pay premiums for what you say it's worth! Of course he
> recommended an awesome agent to me who will bend over backwards for
> his clients for policies and claims.
>
> -Jon Glauser
> http://jonglauser.blogspot.com
> http://www.evalbum.com/555
>
> _______________________________________________
> General EVDL support: http://evdl.org/help/
> Usage guidelines: http://evdl.org/help/index.html#conv
> Archives: http://evdl.org/archive/
> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>
>

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[Bob Rice-2]

   I checked Progressive they had no issues with EV's. I just didn't want to
pay TWICE as much for the same@#$%^ 6 momth policy! as State Farm.

      Bob
----- Original Message -----
From: "SLPinfo.org" <[hidden email]>
To: "Electric Vehicle Discussion List" <[hidden email]>
Sent: Monday, November 02, 2009 11:24 AM
Subject: Re: [EVDL] Who insures EVs?

>I had to search for a while but I now have mine insured as a "modified
> vehicle" (with a stated value) through Progressive.  Some of their agents
> are not aware that this is possible so you have to tell them to keep
> looking
> in their system.  I also could have gone with Farmer's, but Progressive
> turned out to be a bit cheaper for me for the same coverage.
>
> - Peter Flipsen Jr
> http://www.evalbum.com/1974
>
>
>
>
> On Mon, Nov 2, 2009 at 9:05 AM, Jon Glauser <[hidden email]> wrote:
>
>> I have the state required liability through State Farm on my EV. If
>> one agent wont work with you, try another who will. Just because they
>> tell you the regional office wont do it, doesnt mean they actually
>> wont! There are a lot of games played between agents and offices. Some
>> agents are more willing to help their clients than others get through
>> the offices.
>>
>> My father-in-law is a State Farm claims adjuster (not that it give me
>> any credibility). He told me to not worry about making an issue about
>> it being a converted EV when I get the policy. He also said if I
>> wanted a stated value policy it wouldnt be a problem, I'd just have to
>> talk to my agent. You dont have to prove it's value either, but you
>> have to pay premiums for what you say it's worth! Of course he
>> recommended an awesome agent to me who will bend over backwards for
>> his clients for policies and claims.
>>
>> -Jon Glauser
>> http://jonglauser.blogspot.com
>> http://www.evalbum.com/555
>>
>> _______________________________________________
>> General EVDL support: http://evdl.org/help/
>> Usage guidelines: http://evdl.org/help/index.html#conv
>> Archives: http://evdl.org/archive/
>> Subscription options: http://lists.sjsu.edu/mailman/listinfo/ev
>>
>>
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[David Roden-3]

I have a declared value policy under Westfield National.  They accepted my
stated value without even requiring an appraisal.  

I've been with this same company for almost 40 years.  I find that loyalty
matters to individual agents, but not usually to the underwriters.

David Roden - Akron, Ohio, USA
EVDL Administrator

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[Adrian DeLeon]

Ditto.

State Farm had no problem with mandated minimums/liability.

My local agent couldn't/wouldn't give me a stated value policy, but did  
verify that the "replacement cost" of my vehicle would be significantly  
higher than KBB because of my receipts and EV documentation. So I can  
recoup most of my materials cost in the even my car gets totaled.

YMMV. It pays to ask!

-Adrian

> EVeryone seems to be talking about optional collision/theft/fire/etc
> insurance here rather than state required liability coverage.  I've had
> no trouble getting liability coverage on my EVs.  Considering that
> about 50% of insurance premiums go to overhead and insurance company
> profit, I elect to not have other coverage.  We now have a virtual fund
> of around $60K of saved insurance premiums.
>

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