I highly recommend that you check the insurance coverage on your Special Interest vehicles. A client recently discovered that the words “Replacement Coverage” doesn’t mean what it sounds like. In this case it was a Porsche 911 GT3 RS. He had owned it for 10 years and never really thought about the market value until it was stolen. The insurance company then offered a fraction of its true value in compensation.
If you own a Special Interest car that has appreciated in the recent run up due to shortages and strong collector interest, you need to have a “19A endorsement” on your policy. Here is the link to the application form:
https://www.fsrao.ca/media/14961/download
LIPSTICK ON A PIG
Avoiding Life’s Lemons
Lipstick on a Pig features excerpts from the vast library of Maurice Bramhall’s experiences.
