parkusmaximus
New Member
- 2
I've got a complicated situation. Anyone who knows a lot about auto insurance up for lending me some advice?
Here are the details: My brother-in-law is very kindly lending me his 1984 BJ40 diesel, Australian Land Cruiser for several years while I am in grad school. Land Cruisers are a bit of a collectors item - he purchased this one for $15,000. I want to be certain that I can repay him that $15,000 (minus depreciation, perhaps), in the unlikely event that the car gets totaled. I'm worried that a "normal" auto insurance policy might undervalue the car. However, collectors insurance, as I understand it, has many stipulations that I cannot meet, at least as I understand it. Namely, I don't qualify for collectors insurance because I will be driving the Cruiser more than just to and from auto shows and it has some rust on the body -- or at least that's what USAA told me.
Are there any ways I can get a policy and be sure that, if the car gets totaled, I won't just get a measly few grand and be stuck owing my brother-in-law the difference?
Here are the details: My brother-in-law is very kindly lending me his 1984 BJ40 diesel, Australian Land Cruiser for several years while I am in grad school. Land Cruisers are a bit of a collectors item - he purchased this one for $15,000. I want to be certain that I can repay him that $15,000 (minus depreciation, perhaps), in the unlikely event that the car gets totaled. I'm worried that a "normal" auto insurance policy might undervalue the car. However, collectors insurance, as I understand it, has many stipulations that I cannot meet, at least as I understand it. Namely, I don't qualify for collectors insurance because I will be driving the Cruiser more than just to and from auto shows and it has some rust on the body -- or at least that's what USAA told me.
Are there any ways I can get a policy and be sure that, if the car gets totaled, I won't just get a measly few grand and be stuck owing my brother-in-law the difference?