I'm thinking of insuring my '88 and my '93 under the Silver Wheels policy with Lant Insurance. I called them and they tell me that both cars qualify (with all of the restrictions of the policy, which I don't think would be a problem).

Has anyone ever had to make a claim under the Silver Wheels program? Low premiums are great, but the real test would be if you ever have to make a claim. Does anyone have any experiences with making claims with Lant, good, bad or indifferent? If so, I'd like to hear about them!

Thanks in advance for any replies!

 

I wouldn't reccomend it. But you're oh so close to the right idea.

Silver Wheels is a program for show cars. They can only be driven, but never parked. If you were to say... take your car to the mall and pop in to buy something and an incient occured... you're not covered. You're only covered for non-moving incidents while the vehicle is locked in your garage.

What you want is coverage through Hagerty. Hagerty and Silver Wheels are both owned and underwritten by Aviva Insurance, but Hagerty has no restrictions on letting you drive the car to places.

Hagerty's rates are about the same as Silver Wheels and their claim service is excellent.

To qualify for either of these companies you need to hold a G license for over 10 years and have a fully insured daily driver.

-Geoff

 

Hey, thanks! I never heard of Hagerty; sounds like the perfect deal.

 

Hmm well I've been with Silver Wheels for years on the FD and never been told it was a problem to use the car normally (I mean, being able to park it somewhere).
Obviously there are mileage restrictions etc...

They told me it was OK when I specifically asked....

I don't even have a garage and they told me it was fine, too.

I also never saw anything in writting in my contract that states otherwise.

I never claimed through Silver Wheels' program but I did claim my Aviva property insurance once and it went... ok. Like any other insurance actually. So you know they'll mess up at least some part of it.
Only difference is with them (Aviva), they have a claim satisfaction warranty so I got my yearly premiums refunded by complaining about the process. Was a nice bonus and you just know dealing with insurance will be a pain so might as well get the one that will refund you your premiums.

 

Apples and Astronauts.

You cannot compare auto insurance policies between provinces, the differences are immense.

-Geoff

 

Dont know who you spoke with, but they asked me specifically if my car was garage kept. Also when you sign up they ask you on their online questionare what millage and if garge kept, also for a legit appraisal of the vehicle.

 

I just did the Hagerty quote....it came up $300 a year more then what i pay with silver wheel

 

I don't believe there are such stringent coverage restrictions with the Silver Wheel program. You are not allowed to drive the car to work so you must demonstrate that you have another car for that purpose, otherwise there are no limitations regarding driving for recreation and to and from car shows. I was even thinking of driving down to Road Atlanta earlier this year for the Mitty.

I did put in my first claim a few months ago, an errant raccoon was trapped in my garage last fall and pulled down baby strollers and garden tools hanging on the garage wall onto my Fb causing several sizeable dents. They paid to have the areas stripped, dents pulled and repainted. This cost them nearly $4k and I gave the shop another $1k to completely strip the rest of the car so I ended up with a full body repaint.

 

Apples and Astronauts. You are debating the differences between insurance policies from different provinces. The differences are so vast that you cannot even begin to compare them. They are not the same thing.

-Geoff

 

I assure you there are.

I speak from experence as I am a licensed ontario insurance broker who sells both silverwheels and hagerty policies. I have the silverwheels underwriting manual on my desk as I type this.

-Geoff

 

All I know is that I'm using the same Silver Wheels plan that is available in ON, but of course issued with the QC insurance policy act (Autorité des marchés financiers).
There is nothing in any paperwork/contract clause that states I can't use the car normally. They do state a limited mileage somewhere and that the appraisal must be renewed every 5 years I think. Heck, I'm even covered in the states just like any other insurance policy.

In QC, there is only ONE broker that sells this plan (Silver/Custom Wheels). Rochefort Perron Bilette.

 

It must be a provincial thing. A friend of mine insures 2 of his cars (1 being his GSL-SE) under Silver Wheels, and outside of the appraisal, and years driving, the only other restriction was he is not allowed to drive it to work. But, he's free to drive whenver/wherever else he wants. They had no issues with him driving it 6000km to the DGRR and back.
Mind you, he's also only paying $89 a year for full coverage... I can hardly wait until my RX8 is old enough.

 

For the 3rd time:

Apples and Astronauts.

Your Quebec silverwheels policy is 100% not the same as the ontario silverwheels policy. Each and every single province and territory in our nation has different rules, regulation, restricions and mandatory coverages. While parts of your policy may be the same (Think: someone hit my car and I'm not at fault, yes it will be fixed regardless of it being an ontario or quebec policy)

This is what I do for a living, for many years. I'm not guessing your policy is different, I'm not assuming or hoping. Quebec policies are SO different from Ontario it's beyond description. The limits and regulations of the Civil law system versus the Common law system are vast. Not to mention the influences of FSCO on the OAP 1 and it's rules.

I'm no longer going to argue this point as there's nothing to argue.

-Geoff

 

Thanks everyone for your comments! I'll try Hagerty for a quote too, but unless they can quote a lower premium than for the Silver Wheels policy I'll go with Silver Wheels. Total cost savings compared to my current policy, which would renew at the end of August, will be $775 total for the two cars.

I received similar postive feedback about making claims under the Siver Wheels policy, and Lant, from Porsche owners on another forum. Satisifed customers are always the best advertising!

 

Let me preface this response by saying that I absolutely do not want to flame anybody and I am merely interested in ensuring accurate information is circulating amongst our fellow members. I feel I have to say this Geoff because it seems you are taking comments contrary to your position a little personally.

I too was concerned about the possibility that my Silver Wheels coverage would not cover stationary damage to my car if it did not occur within my secured garage. Would that mean that every time I stopped to take on gas, I was uninsured??? So I called Lant this morning and spoke to one of their brokers who very clearly stated otherwise, there is full coverage even when you park the car away from your garage. There are no mileage restrictions for trips as long as you enjoy your car in the spirit of being a collector car and that includes short duration vacations. If I wanted to go the US for more than a week then I would have to carry additional short term insurance.

Hope this helps.



Jim

 

When I have some free time I'll scan and upload the page out of their underwriting manual that states differently.

-Geoff

 

Who's arguing? I even said in my post, that I assume you read, I was referring to QC insurance policies as regulated by the Autorité des marchés financiers.

Still, the policy is what it is.

Thanks, Jim_chung for posting your findings. I'm going to the US soon (for a week-end) and I'm glad to know this.

 

You specifically said that you are using the same policy (plan) that is available in Ontario. This is absolutely incorrect.

Now you are saying you're referring to only Quebec policies. Your earlier (and now quoted) post say exactly the opposite.

-Geoff

(I haven't forgotten about posting up the page from Silver Wheels' manual, but I can't do it from the office (damn restricted internet) and I'm quite lazy to do it on my own time.