The Ford Barn

raybee · 04-06-2016, 09:16 PM

I checked with my homeowners insurance, and they can't help me. Any ideas?

Lawson Cox · 04-06-2016, 09:33 PM

Why not??? It is personal property. Try Lloyds of London. LOL

ford38v8 · 04-06-2016, 09:36 PM

What kind of homeowners insurance doesn't cover personal property? You can specify additional coverage for any personal property such as camera, jewelry, coin collection, and collector cars in non running condition. That's the key, non running, incomplete.

39topless · 04-06-2016, 10:53 PM

take photos and store any other documentation of these parts. Then if there is a loss, you have proof.

fordor41 · 04-06-2016, 10:59 PM

Most home owners ins. can have "riders" added to the policy that covers, jewelry, musical inst, art etc. Check with your ins co.

slowforty · 04-07-2016, 12:28 AM

Sponsored Links (Register now to hide all advertisements)

Some of the Antique Car insurance companies cover spare parts. Check with your carrier

cas3 · 04-07-2016, 10:35 AM

one of my friends who makes his living from gas pumps and signs etc, has no insurance either. he says the insurance people do not like that inventory is always changing, prices are hard to determine and too many deals done in cash. he gets awful nervous on stormy nights!

RobR'35 · 04-07-2016, 10:45 AM

Every printed U.S note does have printed on it
" For all debts ,public and private"
It's incredible how much we're unable to do or cover based on insurance companies.

CarlG · 04-07-2016, 11:10 AM

Quote:

Originally Posted by RobR'35

...It's incredible how much we're unable to do or cover based on insurance companies.

Not to mention what they are doing to "Doctor's Orders". They are now telling the doctors what they can and cannot do and prescribe.

Barry-ct · 04-07-2016, 12:46 PM

Gotta take care of the stockholders... #1 rule. Your health, not that important.

FrankWest · 04-07-2016, 01:18 PM

as long as you have a price proof you paid you can add that to you insurance.
You can't buy a part for 1 dollar and have it insured for 100 dollars unless you can get the part appraised..which is a hassle.

MuskegonFlatheadFan · 04-07-2016, 01:19 PM

Hagerty does;
https://www.hagerty.com/Insurance/Cl...re-Parts-Tools

raybee · 04-07-2016, 02:36 PM

Thanks for the input from all. I will contact Hagerty. Ray

klicker · 04-07-2016, 02:47 PM

The key, no matter how you go with insurance, is to document what you have. Take a video around your shop, or just still pictures. While purchase prices paid is helpful, it's not necessarily what you'll get. If you got a smoking deal on a rare part 20 years ago and it's now worth 10 times what you paid, you should be able to get the current value. Take some time and keep your documentation up-to-date.

SuperDave · 04-07-2016, 04:03 PM

Quote:

Originally Posted by muskegonflatheadfan

hagerty does;
https://www.hagerty.com/insurance/cl...re-parts-tools

ditto

fordor41 · 04-07-2016, 11:09 PM

Quote:

Originally Posted by MuskegonFlatheadFan

Hagerty does;
https://www.hagerty.com/Insurance/Cl...re-Parts-Tools

I have Hagerty and I asked them this exact question last year. They said "spare parts" are considered wheel/tires, removeable hard top, etc, parts that normally would be on your car but could be removed. They wouldn't insure "spares parts"

raybee · 04-08-2016, 12:23 AM

My situation is that I have accumulated some high end engines and parts that I need to insure for an agreed value. I never intend to install them on a car. Thanks for all the responses. Ray

scooder · 04-08-2016, 07:38 AM

Raybee,
If that's the case, could they not be insured as an "art collection"?
Martin.

04-06-2016, 09:33 PM	#2
Lawson Cox Senior Member Join Date: May 2010 Location: Above the gnat line in Georgia Posts: 7,009	Re: Insuring hard to find or rare parts. Why not??? It is personal property. Try Lloyds of London. LOL __________________ Life is like a roll of toilet paper. The closer to the end, the faster it goes. It is better to be seen, than viewed. "We sleep safe in our beds because rough men stand ready in the night to visit violence on those who would do us harm".

04-06-2016, 09:36 PM	#3
ford38v8 Senior Member Join Date: Jul 2011 Location: SF Bay Area Posts: 6,646	Re: Insuring hard to find or rare parts. What kind of homeowners insurance doesn't cover personal property? You can specify additional coverage for any personal property such as camera, jewelry, coin collection, and collector cars in non running condition. That's the key, non running, incomplete. __________________ Alan

04-06-2016, 10:53 PM	#4
39topless Senior Member Join Date: Sep 2013 Posts: 1,027	Re: Insuring hard to find or rare parts. take photos and store any other documentation of these parts. Then if there is a loss, you have proof.

04-06-2016, 10:59 PM	#5
fordor41 Senior Member Join Date: Oct 2011 Location: elmira,ny Posts: 1,518	Re: Insuring hard to find or rare parts. Most home owners ins. can have "riders" added to the policy that covers, jewelry, musical inst, art etc. Check with your ins co.

04-07-2016, 12:28 AM	#6
slowforty Senior Member Join Date: May 2010 Location: Tinley Park Ill Posts: 1,062	Re: Insuring hard to find or rare parts. Sponsored Links (Register now to hide all advertisements) Some of the Antique Car insurance companies cover spare parts. Check with your carrier

04-06-2016, 09:16 PM	#1
raybee Senior Member Join Date: Dec 2014 Posts: 286	Insuring hard to find or rare parts. I checked with my homeowners insurance, and they can't help me. Any ideas?

04-07-2016, 10:35 AM	#7
cas3 Senior Member Join Date: Jan 2011 Location: sw minnesota Posts: 4,578	Re: Insuring hard to find or rare parts. one of my friends who makes his living from gas pumps and signs etc, has no insurance either. he says the insurance people do not like that inventory is always changing, prices are hard to determine and too many deals done in cash. he gets awful nervous on stormy nights!

04-07-2016, 10:45 AM	#8
RobR'35 Senior Member Join Date: Dec 2014 Location: Upper Peninsula, Michigan Posts: 604	Re: Insuring hard to find or rare parts. Every printed U.S note does have printed on it " For all debts ,public and private" It's incredible how much we're unable to do or cover based on insurance companies.

04-07-2016, 12:46 PM	#10
Barry-ct Senior Member Join Date: May 2010 Location: Newington, Connecticut Posts: 1,374	Re: Insuring hard to find or rare parts. Gotta take care of the stockholders... #1 rule. Your health, not that important. __________________ Barry 50 F-1

04-07-2016, 01:18 PM	#11
FrankWest Senior Member Join Date: Sep 2013 Posts: 3,005	Re: Insuring hard to find or rare parts. as long as you have a price proof you paid you can add that to you insurance. You can't buy a part for 1 dollar and have it insured for 100 dollars unless you can get the part appraised..which is a hassle.

04-07-2016, 01:19 PM	#12
MuskegonFlatheadFan Senior Member Join Date: Sep 2011 Location: Muskegon, MI Posts: 252	Re: Insuring hard to find or rare parts. Hagerty does; https://www.hagerty.com/Insurance/Cl...re-Parts-Tools

04-07-2016, 02:36 PM	#13
raybee Senior Member Join Date: Dec 2014 Posts: 286	Re: Insuring hard to find or rare parts. Thanks for the input from all. I will contact Hagerty. Ray

04-07-2016, 02:47 PM	#14
klicker Senior Member Join Date: Aug 2010 Location: Oregon Posts: 311	Re: Insuring hard to find or rare parts. The key, no matter how you go with insurance, is to document what you have. Take a video around your shop, or just still pictures. While purchase prices paid is helpful, it's not necessarily what you'll get. If you got a smoking deal on a rare part 20 years ago and it's now worth 10 times what you paid, you should be able to get the current value. Take some time and keep your documentation up-to-date.

04-08-2016, 12:23 AM	#17
raybee Senior Member Join Date: Dec 2014 Posts: 286	Re: Insuring hard to find or rare parts. My situation is that I have accumulated some high end engines and parts that I need to insure for an agreed value. I never intend to install them on a car. Thanks for all the responses. Ray

04-08-2016, 07:38 AM	#18
scooder Senior Member Join Date: Jul 2010 Posts: 2,593	Re: Insuring hard to find or rare parts. Raybee, If that's the case, could they not be insured as an "art collection"? Martin.