As I was moving parts from our parents' house after their passing I became curious about insurance coverage on these parts. My Dad and I were ones to have a few spare parts "just in case". It proved advantageous when my '64 Cruiser was side-swiped as I had the parts in stock to get it back on the road quickly. However a call to my insurance agent got me concerned as they said NONE of my car parts were covered-EVER! I have most parts to replace the outsides of my '64's as well as some interior , mechanical and trim. NOT COVERED! I called my antique auto folks and they stated I had coverage of $750. I asked if that was per vehicle. They responded $750 TOTAL! Yikes! I am now looking into a business/commercial type of policy to cover all of the parts which are also stored at several locations but not covered under any property policies. It was recommended that I work up some kind of inventory as well as some rough value of each part. How do you put a value on NOS rear 1/4's for the '64 SR wagon for example? I told the agent it's my hobby-I don't do stamps or salt and pepper shakers. She said they're covered but NOT car parts. What have others done? Please if you do nothing else check with your insurance agent on your auto as well as parts coverage before you find out the hard way. I'll try to update as I evaluate my options. Let us know what some of you have done about this issue.
Thanks
Rob in PA.
Thanks
Rob in PA.
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