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Old 06-03-2007, 07:09 AM
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cobrajeff cobrajeff is offline
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Join Date: Dec 1999
Location: Edgewater, FL
Cobra Make, Engine: ERA FIA, BOSS 351C/Webers
Posts: 1,304
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Default Insurance on unfinished Cobra kit

When I was building my car, I checked into this. My regular insurance carrier, State Farm, said "sorry, no way - we won't write it until after it's finished, inspected, and registered". I had over $30k tied up in it as a roller coming from ERA, and I was not comfortable with the idea of trailering it across PA from CT to MI with no insurance (at the time, I was considering driving to CT with a trailer to pick it up myself - but Winter weather was settling in, and I decided it'd be better left to the pro's with a big rig. I ended up having Intercity Lines deliver it, and they did a great job), or with it sitting in my garage or my buddie's garage, without coverage.

I called Parish (now Hancock Classic), and they said "no problem" - just let us know what it's worth now (with an accompanying appraisal), and, as you finish stages, just let us know and we'll keep bumping up the value to have full coverage at each stage of construction. I have kept the car insured with Hancock, and am quite happy with them.

regards,

Jeff
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