insurance

[mc25t190]

/ubbthreads/images/graemlins/scholar.gifthis has been discussed many times, with no definitive answer. where is the best place to insure your cars? hagerty, grundys, state farm, open for ideas. thanks! /ubbthreads/images/graemlins/beers.gif

[NWYENKO]

We switched to Hagerty, agreed value policy, 0 deductible and you buy only one liability policy. When we bought the truck at Barrett Jackson Hagerty rep looked at it, wrote the policy $6 per $1000 and we were done. I guess you really don't know how good insurance is unless you have to use it, which I hope never happens. Thus far I have been very impresssed with their responsiveness and professionalism. We have 4 cars insured with them now. /ubbthreads/images/graemlins/burnout.gifJim

[olredalert]

-----One word;Haggerty------Bill S

[Alwyn678]

I use State Farm

[69rsz28]

I also use State Farm, but I'm gonna switch to Hagerty or Grundys. State Farm would not do an agreed value thus at this point I am under insured as for as relacement value goes. I have heard good things about both but do not know of anyone who has had to file a claim.

[budnate]

Great post, Question I called Hagerty but I think what stopped me from useing them was the car could only be driven like 50 or 150 miles a year?, I may be wrong but there was something that was screwy if a fella wanted to drive his car much in the Summer, It has been two years since that conversation with them, How does it really work?

I ended up going with allstate, which is who caries all the other stuff for the household and had the car appraised for value, it is Ins for 6 months then sits in the garage it is up to me when i start the policy each spring, Like the guy says hope we never have to try and do a claim, we all have had to do that at one time or another and we usualyy get scr wed in the process, The one thing I remember about Hagerty was they said tell me what your car is worth and you will be paid that period if there is a loss!, and that was without a appraisel.

[NWYENKO]

My understanding from Hagerty is that the car has to be in a secured location, you must have another car for transportation and occasional use for pleasure is OK. When I pressed for an approximation of miles that would be considered OK per year I was told 2500 or so. I also asked about temporary storage in a trailer and was assured that was OK also. I would be interested to hear the answer you would receive now by asking that question. Their 800 number has always been helpful in answering concerns. Anybody ever had a claim?? /ubbthreads/images/graemlins/frown.gifJim

[will]

I had a claim with Hagerty last year when a box flipped over and hit the front fender,called them up told them what happen they said get an estatment ,I did and had a check to me and the shop in about a week or two.

they never once gave me the feeling that I was in the wrong for making a claim they said "things happen and that what we're here for"
I highly recommand them! /ubbthreads/images/graemlins/biggthumpup.gif /ubbthreads/images/graemlins/biggthumpup.gif /ubbthreads/images/graemlins/biggthumpup.gif

[mc25t190]

thanks guys , i don't drive my cars. i am getting quotes from hagerty, i have grundys now! state farm wanted all my insurance before writing a policy, and the big ? was did i have i ticket in the last 5 years, and i have . state farm would not write a policy if i had a ticket in the last 3 years. /ubbthreads/images/graemlins/beers.gif

[JRSully]

I am an insurance broker by trade, do quite a bit of collector car insurance, Haggerty is a quality company, use them all the time, although I understand that Grundy is now selling polices with no mileage limitations, here's a couple of tidbits; Haggerty writes liability for car clubs very cheap. People that have late model sports cars ie: Porsche's and other exotics, can purchase the same agreed value, limited mileage policies as thier vintage cars, if you can stand the limited use and mileage, you can save a ton of money versus having the cars on your everyday personal auto policy. If anyone has any further insurance questions, give me a shout. Sully

[69rsz28]

[ QUOTE ]
thanks guys , i don't drive my cars. i am getting quotes from hagerty, i have grundys now!

[/ QUOTE ]
Are you unhappy with grundys or just trying to find a better deal?

[budnate]

Has anyone found out what they say about milage for sure?[Hagerty], NWYENKO said 2500, that is not what i recall, that would have been great, I am pretty sure it was around 150 a year, and that was going to shows/parades or in and out of the traler, it didnt work for the guy that wanted to drive his car around town, and park and lock it up once in awhile,at least that is how I recall the phone conversation going, does anyone have there Number handy? I will call in the morning and get the facts from Hagerty.

[sYcYenko]

If I may be allowed to retort. AS A OWNER of cars who does not drive them. I use Haggerty and have been very very superbly happy for over 5 years. Never 1 problem or concern. Was fully educated when I sold a COPO car to a enthusiast in Europe. You may contact Haggerty on their website or you can call them at: 800-922-4050 ask for my rep Teresa Leach and feel free to use my name! I love the agreed value. No surprises when something does happen! /ubbthreads/images/graemlins/3gears.gif /ubbthreads/images/graemlins/flag.gif

[mhassett]

Kevin, Haggerty ALL the Way. I switched from American Car Collectors as they would not even insure my ZL-1 for $80,000---THEN the Last Straw was when I bought my MOTION Camaro they wanted the Original Window Sticker--they said Mr. Joel Rosen's Letter meant Nothing to them.. I also posted this subject on the board and alot of the guys said Haggerty - I called them and NO PROBLEMS--NO APPRAISALS were needed. I have them insured for what I feel they are worth and they never questioned anything. They were Very Professional and made several calls to me to get my Business.. Mark /ubbthreads/images/graemlins/biggthumpup.gif /ubbthreads/images/graemlins/biggthumpup.gif

[mc25t190]

thanks mark, i am headed that way! i remember your previous post and you know this subject well. i am getting a quote from them tomorrow!
thx,
kevin /ubbthreads/images/graemlins/beers.gif

[mc25t190]

sully,
i don't drive my cars. any tips please advise! /ubbthreads/images/graemlins/beers.gif

[Souperhigh]

Kevin, I spent a few years with American Collectors but switched three years ago to Hagerty, never regreted it even once. I have a 2500 mile range per year on my cars. Never had a claim but they have always been helpful when calling additions or deductions from my policy.I feel their rates are very competitive also.

[COPO]

I tried to get Hagerty for my cars, but had a speeding ticket in the last 3 years and they wouldn't cover me. /ubbthreads/images/graemlins/3gears.gif I ended up going with Grundy and had no problems. Cost was the same as Hagerty and no problems over values. I have heard good things about both companies.

[MYSTERYCHEVELLE]

I have used AMERICAN COLLECTORS for over 16 years now. On all my classic Chevelles, driven and trailered cars. AND...this is the part we just can't forget.... CLAIMS.

I have, unfortunately had a few claims, some big, some small, but all were taken care of without even a blink of an eye...not even a single question about replacing parts with NOS at any price...they had a claims adjuster out within two days, claims were usually written, dare I say...higher than expected and I was told...just get what you need and submit the receipt....So that's what I did, and always got the check in a timely manner. I think too many people forget that it's all about filing a claim, who cares if they allow you XYZ mileage or if they are $50 cheaper on their quote than the next guy...if they don't take care of you when you need them. Now, I am not saying Haggerty or any of the others don't do this....but just reminding people that it is very important to get feedback from owners who have had to file claims.

Just my 3 cents ( inflation )

Mike

[YENKO DEUCE REGISTRY]

My situation is that my American Collectors policy required an appraisal, which cost more than the first years premium. Now, the car has gone up in value enough that I need to increase my agreed value, (currently at $36k). However, I paid the annual premium in full last August, and I don't really want to go through the hassle and expense of another appraisal to get the increased coverage. I also don't want to go through the spring and summer with the agreed value being too low, and don't want to forfeit the prepaid insurance coverage by switching to Hagerty. What to do?

[NWYENKO]

Marlin, i would think that updated appraisals should be less than $100 if you go to the same appraisor each time. /ubbthreads/images/graemlins/dunno.gifJim

[mc25t190]

i do have grundys now. i am shopping, but if hagerty is the same , then i'll stay put. does anyone have a direct number for grundys , i deal with an agent hear locally but i am trying to cut him out and go direct. their website does not have a number only an email and they haven't responded for 2 days now.

[NWYENKO]

Maybe that is a bad sign!! /ubbthreads/images/graemlins/blush.gif /ubbthreads/images/graemlins/wink.gifJim

[JoeC]

Marlin,
I did my own appraisal by email. I just sent them copies of sale ads, web sites, and aution sold prices from B/J. The agent printed it out and put it with my file and said it was good enough for him.

[YENKO DEUCE REGISTRY]

Thanks JoeC, I think I'll try that first.

[copo69]

Marlin, I had a problem with witn American Collectors when at renewal I wanted to increase coverage on my Copo. They wouldn't do the increase unless I had done something to the car that would increase it's value. I told them about market value, matching #'s, blah,blah but it was like talking to a wall. I told them fine I could take my business elsewhere. I had a quote from Hagerty's and called to insure car. I was able to justify value with them on the phone and they were very professional. It always doesn't hurt to include more info than requested as underwriters like that kind of thing so include some narrative with facts supporting car's value, i.e market value, desireable options, good photos. I am pleased so far with Hagerty's but have never had any claims with them or American Collectors. Both accepted premiums well. LOL

[YENKO DEUCE REGISTRY]

Thanks for the advice, I will use that info as well!

[Kim_Howie]

Some of you guys are allll the same trying to screw us poor insurance agents... /ubbthreads/images/graemlins/haha.gif

[YENKO DEUCE REGISTRY]

Hey now!! I don't have anything against the agent - just the insurance company and their reluctance to increase my agreed value with the market fluctuations /ubbthreads/images/graemlins/smile.gif

[Kim_Howie]

I was just kidding. You have caught enough crap . kim

[sYc]

"Haggerty writes liability for car clubs very cheap."

Kind of ironic you mentioned that. I applied to them for club insurance for the sYc, to cover such events as a cruise and show. Their application clearly stated that certain competitive events were not covered, which I understood. I had already arranged for a seperate policy to cover drag racing at the reunion. On the bottom of my application, to be up front, I made mention that we would be racing, but understood that the policy would not cover this, and that other arrangements had been made. The application was denied. The reason why? The company did not fell comfortable with the wording in their application/policy. Makes one wonder. If I had not mentioned drag racing, most likely I get insurance. By being upfront, I did not. /ubbthreads/images/graemlins/thumbsdown.gif

[JRSully]

Tom, You are correct in the fact that Haggerty, or any other carrier, will definitely not write any liability policy that has a hint of "Timed and/or Competitive Events". Even if you explain till the cows come home that you have seperate coverage for racing or will only do a "little bit of racing etc." they will turn it down every time. Sure you can say on the app that you will have no racing activities and/or have procured racing coverage elsewhere, but if a claim arises as a result of a timed event, the company will present "material mispresentation" on the application and deny coverage. In the case of coverage for racing being written seperately "on another polciy" again, in the event of a claim they could be dragged in from the either the claimant or the "other carrier".Sure the carrier would more than likely get off with no liability,but that will incur expense money (legal defense) for the carrier to get that no liability decision from the court. That is basically the reason that the slightest hint of Racing, will get you a "Thanks, but no Thanks. Hope I helped out here. Sully