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Know Your Insurance Policy

John Draneas
Know your insurance policy

What do you think about this? You’ve been a loyal collector-car policy customer for many years. You’ve insured 27 cars on the policy and never had a single claim. One night, one of your collector cars is stolen. The police recover it four days later, but the thieves have damaged it to the tune of…

John Draneas Avatar
John Draneas
John practices law in the Portland, OR, suburb of Lake Oswego, where he focuses on tax and estate planning, business organizations and transactions, and representation of collector-car owners. He is a past president of the Oregon region of the Porsche Club of America and served as the chairman of the PCA’s 2006 parade. His collection includes two Porsches, a Ferrari, an Alfa, a Lotus, a BMW daily driver, a John Deere tractor — and one increasingly famous Jaguar E-type. This month’s “You Write, We Read” on p. 20 is full of SCMer advice on whether Draneas should restore his Jag.

2 responses to “Know Your Insurance Policy”

  1. john motroni Avatar
    john motroni

    Excellent story.

  2. Scott Chamberlain Avatar
    Scott Chamberlain

    ALWAYS read your policy! I had a lengthy go round with my insurance company when my car was destroyed during a national meet, which featured a ‘performance driving school’; the policy prohibited engaging in ‘racing’. In the end, the policy settled in my favor. Again, small amount, BIG argument.

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