A number of years ago, I wrote about the demise of a 1986 Ferrari 328 GTS. The owner had spun it into a wall at high speed, totaling it in the process. This, in and of itself, wasn’t so unusual: Many Ferraris have met their deaths in high-speed rendezvous with immovable objects over the years. Instead, what was unique was that the owner wasn’t insured for collision damage – and was resultantly out the $40,000 he had paid for the car only six weeks earlier.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2006/04/03/insurance-choices-it-pays-to-research