Grundy Application...what are the magic answers...

I am sure someone will probably rip me saying to ask them these questions but I figured someone here might know because enough people seem to use it.

There are a couple of questions on the Grundy paperwork that I don't want to have bite me in the ***. They have line where they want you to rate the condition on a scale of 1-100. In MY mind, any rust free car in New England is worth at least 90, but I don't know what they're looking for.

The other one is the annual mileage. I couldn't find any limitations listed on the website. I don't want to write a liberal number like 10,000 and have them deny me because they'll only insure up to 5,000 or something.


I can probably ask them this one but someone here might know, too.
They also want a side photo and a front photo. I have one photo from the front corner that shows both. I would take other photos but the hood is off and there's no engine in it. Should I just send the front corner shot?

 

I have grundy.might not wanna tell them it does not run,and if ya bs them to far and ya have a claim it will/can turninto a insurance fraud case and then your f##ked.......they do want a garage and it was cheaper to insure my chevy for 25k than 20k.......if your not sure about value have it apraised

 

they insure project vehicles too, as long as you have a vin.

 

I've had mine insured with them for the past two years. Good folks. When I had questions I just called them up and asked. They are very easy to work with.

 

All I'm doing is an engine swap. It was running and driving three weeks ago, I just never took any photos. All I want for an agreed value is what I have in it, actually less, just so I can replace it if necessary. No insurance jobs here. Not trying to BS them. I went through their website questions, then they "approved me." They sent an email with a bunch of forms to fill out, but I don't want to write the wrong number in there and have them deny the application because they don't seem to specify any limits.

 

They do not have an annual milege limit so if you drive 10,000 put that on there, no big deal. Trust me, they know I drive over 10,000 miles per year.

If you need to take a 3/4 rear shot and the hood if off no big deal just take the shot from low and you won't be able to see the hood anyway.

Meatball is correct though, if your car is worth close to $20,000 insure it for $25,000 and the yearly premium will be less expensive because they use one underwriter for $20K and under and another one for over $20K.

 

Mileage is so they can figure the cost, more miles more cost. Not a basis for denial.

 

I contacted them, but they never got back to me - they must've heard about me...
Which brings this up: I understand I'm not insured while racing, but can I get in trouble if photos of me racing appear in a magazine and they get wind of it? It's already been in a few and could be in more...

Oh and Effie: Your avatar looks su****iously like my old truck - can't you find a more original image to use? Jeez...

 

That is not a correct statement. Your premium is based on your agreed value, not the mileage you tell them.

 

I think they ask the estimated milage to do a underwriting risk ***esment. More miles equals more risk, so the coverage cost might increase accordingly.

I have mine through American Collectors and they have a restriction that coincides with NY state's mileage for historic/yom registration, 2500 miles per year. last year I took two trips one to Virginia, and one to Detroit both for car shows so I put nearly 4 K on. They called when I reported my mileage for renewal, I explained the trips and the rep said Oh OK.


Don't forget to include your parts/spares and any parts vehicles in your value equation.

 

another thing is GRUNDY is great to deal with IF something goes wrong plus they support our hobby in many ways

 

Jangleguy
Give me a break! It's been a long day. I'll guess I need to change it again. May be a shot of my ****! That is somewhat of my intellectual property, right?

I met a Grundy agent at the Lone Star Nationals a few years back, she was really helpful when I set the policy up. She homes in MO but summers in FL. The actual underwriter is Philidelphia Indemnity. I sent them pics. Stated that I drive it @ 5-6k a year. Insured it for $20k agreed value. It costs me @ $150.00 per year. That's what I was paying by regular agent for just basic coverage for 6 months.

 

Not with Grundy. You are insuring one car period. You are not even insuring contents of the car. Contents of your car or garage are covered under your homeowners insurance.

If you get builders insurance that is a differnet story.

 

Increase your agreed value to $25,000 and watch your premiums drop to less the $150.00 for the year......I **** you not.

 

Ot Hey Denise,
where is the picture of you and I at Columbus in the machinery shed during the rain?



Ago

 

Sorry man - I saw your thread and couldn't resist - just jivin' you...

 

Hotrodlady,
I'm gonna try that. I did not know that would drop it. Good suggestion.

 

Thanks man for the humor, I really needed it~!

 

Well, okay, but you owe me!

So, do any of you Grundy insureds race your cars? PM me, if that's cl***ified...

 

Maybe a better question is "who insures race cars?" Or at least street driven cars that get raced. I would like to know too. I know most insurance companies will cancel your coverage if they find you race the insured car.

 

Yes, I have raced my car at the HAMB Drags knowing that I am not covered while on the drag strip. Also, I do believe that I am not covered while doing laps on any of the tracks that I've taken my car on during the Good-Guys oranization's track time at their different events. Being that it's not "an exhibtion of speed" a car might be covered though. Would be a good question for Becky to answer.

 

It's odd that I was filling out the exact same application tonight & was wondering about the same questions. My vehicle is in the end of the "project" stage, but not yet streetable, inspected (PA enhanced inspection, that is), with no ***le or VIN. So, I just put an "N/A" in the mileage space, with an asterisk & brief explanation. I don't anticipate any problems. I want to get a policy in place before I fire the thing up.

 

Yeah, I didn't want to say anything, but I know the Big Olds has been down a track or two...
So this hasn't come up with the company? I think I'd like to insure my hot rod with them, but twice I've contacted them and they didn't get back to me either time. Probably just an innocent mistake, but I'm starting to wonder...

 

just got my bill $208.75 for 27,500k coverage.per year

 

Being a multi-line Insurance Agent for almost 20 years, let me give you one piece of advise. Tell the truth. Simple as that. You want problems at claim time? Lie on the application. If it a daily driver that you commute to work in, don't tell them it is not. Besides the moral side of the whole thing, you have to remember, the application and the questions on it are a contract. If your Agent tells you to lie, or lies for you, find another Agent. If an Agent will lie to the company they represent, they will lie to you too.

 

Ok how do you guys decide the value of your cars ? I know what I payed for mine ut I also know the chances of finding another one in that good of shape for what I paid Is probably not going to happen. Does what I paid for it even matter to them, or is it just what I want to "value" it at ?

 

Just so you folks know, your homeowners insurance DOES NOT cover any auto parts, auto specific tools (those for working on autos only) or anything auto related. NOTHING! I know this because I lost my garage about 10 years ago, nothing related to cars was covered by my "replacement homeowners insurance". I also found out the hard way that unless specified, the value of ALL buildings not attached to the house are worth 10% of the value the house is insured at. My house was insured @ around $100,000 and I got $10,000 for my insolalted heated, wired, finished 3 stall garage, the 10 x 14 metal building, the large dog house that were all distroyed. That 10 grand also covered the clean up of debree. I got nothing for the 3 libility only insured damaged cars and the (fortunately) few auto parts and auto related tools that were in the garage.

Be sure to check out your insurance coverage before you ***ume something is covered.

I have also found out that if you are running a business out of a garage, it has to be covered by a business insurance, your home owners insurance does not cover a garage used as a business (that means had I been running my business out of the garage at that time, I would not have even gotten the $10,000). You only thought you disliked insurance, wait until you discover all the loophoes they have to get out of paying you what you thought you had coming. Gene

 

The insurance companies have always asked for photos of my cars.

How do you ratrodders get insurance??

 

You really want to insure the car for what it is going to cost you to replace it with a similar condition car. Doesn't really matter what you paid.

In the late 1990's I purchased a '47 Chevy convertible at a GREAT price. It appraised for $10,000 more, from a professional appraisal, then I paid for it so that's what I insured it for. 3 years later when lighting hit the shop it was in and burned to the ground Hagerty paid me for exactly what I had insured the car for. Problem was I bought the car at such a great price I could not replace it with another fat fendered convertible in the same condition for that price.

Moral of the story is not only do you need to insure it now for replacement costs, you also need to keep up with the value of the car and increase the agreed value with your insurance company as the value of the car increases.

 

Grundy states your car is insured while driving to and from auto shows and OCCASIONAL use. They don't care if you drive a thousand miles to a show but don't want you going three miles to the Piggly-Wiggly every other day. If you have two drivers in your house you better have two other daily drivers. They do not want you using your Grundy insured car for work or errands. I guess most people fudge on this from time to time but I wouldn't want to have a problem that wasn't covered from a liability standpoint. I know the folks at Grundy are nice and all that, but you are dealing with insurance companies with investigators. I know the premiums are cheaper, just be prepared to follow the rules. They will.