CHEVROLETTER May 2020
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CHEVROLETTER May 2020 Vol 2020 Issue 5.0 Director’s Report April 2020 I hope this newsletter finds all of our members and their families in good health, suffering from nothing more than a case of cabin fever. It is amazing to see this pandemic play out in front of our eyes. At the writing of my last report, I knew no one personally who had contracted covid-19. I now know a number of people who have passed away from it and street rod buddy who has been hospitalized almost a month and will probably suffer permanent lung damage. I think it is safe to say that there will be no car shows as we know them on Long Island for 2020.Even if hospital admissions keep going down, there will always be new cases. If any car events are planned, they will have to take into account social distancing and other precautions. Experts predict that this virus could kick up again in the fall and possibly be even worse. It drives me crazy when I see people, both young and old, act in an irresponsible way as to put innocent people in harm’s way. Once we get on the other side of this I question whether things will ever be as they were. The other day I took part in what was called a rolling car show in Smithtown. The cars all lined up in a parking lot off Route 454 and waited for our noon departure. In the email people were asked not to get out of their cars. What I observed were people, mostly older, walking around in groups much closer than 6 feet apart and not wearing masks! The plan was to slowly cruise around the local neighborhoods so the residents could have a little entertainment during their shelter at home. I arrived early and was around the tenth car on line thinking this might be a bust. About 10 minutes later, cars started rolling in and by kick off time there must have been 100 . The event was advertised thru a local neighborhood website and the people were out waiting for us. Families had lawn chairs set up in front of their homes, waving flags , holding up signs and giving us the thumbs up. It felt great to get the car out and enjoy it in a safe way. I was thinking, even before this, that we could still do a rally of some kind without endangering any one. We can meet in a parking lot, have a destination or just drive along Jones beach and then head home. If anyone would like to arrange something like that please contact me. As of now, there will be no May meeting and it may extend into the summer so the newsletter will be our main source of communication. The Town of Oyster Bay decides when we can hold our meetings. Feel free to contact me with any ideas for safe activities and let me know if any members have contracted the virus so I can inform the membership. All I can say is hang in there, don’t forget about the club and we will get together as soon as it is safe to do so. Stay safe and well Chris 1 Meeting Highlights March 2019 We did not have a March 2020 meeting – do hope that you and your family and friends are safe Calendar of Events coming up for 2020 2 Long Island Region VCCA Members Story A rolling car show in Smithtown Pictures of a rally That Chris Geiger went on, and wrote about in the Directors report 3 Long Island Region VCCA Garage Differences between Classic and Standard Car Insurance Here’s what you need to know … The subject of worth is quite different between a standard vehicle and a classic vehicle A specialty insurer may be a better option for your classic vehicle Make sure you understand the terms actual cash value, stated value, agreed value To answer this, simply, yes; car insurance does differ from standard car insurance in several important ways. There is more to this than simply two different types of car insurance, though. There are several factors you need to consider when you are in the market to purchase insurance for your antique or classic automobile. There are many special factors to consider with classic car insurance and, while you can often purchase classic car insurance from the big name car insurance companies, there are several companies that specialize in car insurance for collectible vehicles. Prior to purchasing a classic car, it is important to do your homework so you know what to expect when it comes time to insure your investment. How is classic car insurance different from standard car insurance? First, and probably most importantly to you, is the cost. Classic or antique car insurance is often cheaper than regular car insurance because you are not driving the vehicle regularly, in most cases. By allowing insurance companies to place restrictions on the amount you can drive the vehicle you can save significant amounts of money. This is especially important to do if you only plan to drive the car for the occasional parade or show. In many cases, there is also no deductible with classic car insurance. Another major difference between classic and regular car insurance is the way the value of the vehicle is determined. To illustrate this point, consider a car you purchased in 1974 for $1,400. Dealers may now offer $15,000 for that vehicle and some people have been quoted amounts as high as $21,000. If the vehicle is totaled and you have classic car insurance you should expect to receive what the car is currently worth; however, if you insured that car with regular car insurance you will be lucky to get your original $1,400 back. Finally, while regular car insurance generally insures your vehicle for the same amount for the duration of time you own the car; classic automobile car insurance may change. Not only may the value of the car increase or decrease simply due to years passing, but, if you are restoring an antique car, you will need to adjust the amount you insure it for once you have finished the restoration. Cars that have been restored can be worth significantly more than those in poor condition. 4 Long Island Region VCCA Garage Differences between Classic and Standard Car Insurance What qualifications are required to be eligible for classic car insurance? Classic or antique cars are defined as those vehicles that are 25 years or older. You can purchase a general antique or classic car insurance policy or a specialized one for vehicles that are classified as custom, collectible, or exotic. There are several factors that insurance companies will look into when you apply for a policy. Here is some of the information that may be required. A driving record free of any major incidents Ten years of driving experience or more No teenage drivers or those with poor driving records on the policy A secure storage facility or garage, out of the weather, where the vehicle is kept Proof that you also own another car for daily transportation Proof that the car will have limited mileage placed on it If you do not meet these qualifications you may be denied classic car insurance, offered a policy that only covers the face value of the vehicle, or charged a very large premium. What else do you need to be aware of when purchasing classic car insurance? When speaking to an insurance agent about purchasing a classic car policy, you need to be aware of the different types of value they may speak of. The actual cash value is what you can expect to get with regular car insurance. This is equal to the replacement cost minus depreciation of the vehicle. Another term used when speaking of value is stated value. This is the value you have stated the car is worth. Since the insurance company is taking your word for it, premiums are generally high and deductibles are usually $1,000 or more. It is rare that insurance companies nowadays will accept stated value alone as proof of a car’s worth. The most common type of value when discussing classic car insurance is agreed value. This is the value that you and the agent have come up with together that the car is worth based on the documentation you are usually required to provide. Typically there is no deductible or a very low deductible when this type of mutually agreed upon value is used. How can I get classic car insurance rates? Many car insurance companies, such as Hagerty and American Collectors Insurance, specialize in classic car insurance policies. Since classic cars are different than regular cars, the insurance products are different as well. It is important to work with an insurance agent and company that understands the intricacies of classic cars and offers you the appropriate insurance coverage. Speak to your agent about insuring your vehicle, and be sure to shop around and compare different companies. Finally, make sure that the coverage is relevant to your situation. 5 Long Island Region VCCA Garage - Spotlighting Chevrolet History Chevrolet Chevy II / Nova 1966-1967 Second generation (1966–1967) 1967 Chevrolet Chevy II Nova 4-Door Sedan 1966 Chevy IIs introduced an extensive sharp-edged restyle based in part on the Super Nova concept car. In general, proportions were squared up but dimensions and features changed little. Highlights included a bold grille and semi-fastback roofline.