I'm thinking about moving the insurance on my 56 Chevy and Model A from State Farm to a cl***ic car insurer. Their rates are all close, but I can't seem to find out about their service. Anyone have any experience?
Here is a link to one of countless threads on insurance: http://www.jalopyjournal.com/forum/showthread.php?t=462158&highlight=insurance A good one page summary of things to know... http://www.cars-on-line.com/cl***icinsurance.html
State farm's show car policies are pretty decent. you just have to submit photos that are updated every few years. Great rates though.
Yeah they have great rates. They do not have AGREED AMOUNT COVERAGE though, they write an actual cash value policy which is subject to depreciation at the time of the claim. You need to have AGREED AMOUNT COVERAGE!!!!!! BB
I'm glad you said that. It's quite difficult to tell from any information State Farm has regarding that. When inquiring about insurance for your specialty car; Always,Always, at the very least, ask if you are covered for replacement value. If the answer is no, it doesn't matter how good/cheap the rates are.
You have the same problem as sobastrace !!! The only companies that have AGREED VALUE are the specialty companies. All other companies have actual cash value or stated value and are subject to depreciation at the time of loss. Boldventure, you need to ask about AGREED VALUE as many agents don't understand the difference between replacemt cost and stated value. I'll say it again YOU NEED TO HAVE AGREED VALUE ON YOU HOT ROD OR CUSTOM. With AGREED VALUE, you and the company agree before the loss what will be paid in the event of a total loss and that is what you get at the time of the loss, no adjuster to argue with because the amount has been preset. Lecture over BB
Hagartey works for me. I like the towing part. If I break it, they'll send a flatbed. Kinda nice. A lady I work with has that with State Farm, too, I'd check on it with whoever you're insuring with. Peace of mind, right?
I have Grundy on the 40, agreed value. had one claim for sand damage and they were great to work with. They have a couple of restrictions tho. Locked garage and no driving to work .
Listen and learn from BobK. He knows the insurance business. State Farm can not compare to the specialty companies in price for comparable coverage because they don't have it. In 05 I went from State Farm to Grundy and my cost for 1 full year of coverage at $40,000 agreed value was less than a $25,000 stated value policy with 6 months driving and 6 months storage at State Farm. I also had every available discount with State Farm as I was over 60 and had been with them for 25+ years and had multiple policies, vehicles, trailers, house and life.
You can occasionally drive to work. The "other" restriction besides having to have a locaed garage is you must have a daily driver. I also have Grundy. They also have towing reimbursment along with a bunch of other benifits over Hagerty, including a better price. www.grundy.com
There is a checkbox on the Grundy application that asks if you plan on driving your car to work. If you check that, the underwriter will not cover you. You can check "No" and I'm sure you can call their customer service reps and ask if you can "occasionally" drive it to work and they will say "sure, no problem". Has anyone ACTUALLY had an accident going to work or been in a fender bender in your work parking lot? I bet if push comes to shove, they won't pay... just saying, a contract is a contract.
You're right, a contract is a contract and no where in the Grundy contrct does it state I can not drive my car to work.
i was just approved for grundy today . over nited the application and pictures they called me today by 12:00 paid for full coverage for 12 months $110.00 bucks money well spent than they e amiled me the insurance cards within 20 minutes tomorrow the 56 chevy will be registerd unlimited driving miles ...go grundy ...another cl***ic car insurance company wont say there name ...170.00 for the year and could only drive it a couple times a year ....i say grundy is the best opition..
Thanks to everyone who replied. Much food for thought, and help to make an intelligent decision. By the way, I have a 28 hiboy sport coupe, SBC, auto, and a 56 Chevy Sport sedan, LT1,4L60E. Thanks again, Matt
hey one more thing i had applied for insurance at haggerty and they asked where i was keeping the car so i said on my property in a air plane tent ..thats all i got ya know .so anyway the ladie said no problem we will take payment and than send you the insurance cards by e mail so something told me to wait and get other quotes ..so i did with grundy and winded up going with grundy..so anyway today haggerty calls me back same women and tells me that the werent able to approve me for a claim ..so i say ok why just for my own information ..she says well they dont approve insurance for people with cars in those big air plane tents..so i say ok ..so than she says do you have a friend that would let me put the car in there garage ...i was like wtf ..i said you wont insure my car for keeping in a pop up tent in my 6 foot fenced in yard with chain and lock but i can keep it in some elses garage ..didnt maqke sense. anyway grundy is the better choice
I have Hagerty . You have an "AGREED AMOUNT COVERAGE " and valve of your car/truck being covered . You also have no limit on mileage . You drive it when and where you want . Damn good prices and the people are very nice and helpfully too ! Retro Jim
I just called Hagerty and Grundy. A little background, my 60 F-100 is fairly original and in decent condition. I have about 7k into it so thats what I wanted it insured for. Hagerty told me $131 a year and I could take it anywhere as long as it wasnt my daily and it had to be garaged. I then called Grundy, they first asked me if my truck was 'restored' and I said 'no'. They then said 'Sorry, it has to be restored and worth at least $10k'.... I asked what was their definition of restored and they told me that it meant no faded paint, no rips in upholstery, etc.
if you have an old car with minimal value that you don't drive much State Farm has a policy for you. I pay $18.00 a year and can only drive 300 miles a year on my 61 Dodge. that's just enough insurance so I can keep it registered. the car itself is not covered.
Call Grundy again. Someone gave you some misinformation. I've looked at cars for Grundy that have been insured for less than $10K. They also don't need to be restored. Neither company will deny a claim based on where you were driving to. But if you've been driving the car to work, you could get cancelled when the policy renews. Service is base on a lot of variables. Hagerty has their own claims staff and Grundy is underwritten and administered by Philadelphia Insurance. Both sublet the damage appraisal out to independent appraisers such as myself. Your idea of satisfaction in service comes down to the adjuster and appraiser. The adjuster is the person sending out the ***ignment to the appraiser, makes the decisions, and cuts the checks. The appraiser will inspect the damage on the vehicle, write the estimate and makes the decision what is part of the loss and what isn't. This is usually also discussed with the adjuster (it's their checkbook). Both sides want to make you happy and put you in the same position you were in prior to the loss. But a lot comes down to experience of the appraiser. All are not the same. Both companies try to used knowledgable and experienced appraisers. But the facts are some know more than others.
and your body shop guy. Or at least in my experience my body/paint guy worked right along side of them to determine the damage and what it would take to fix. Even after the fact of a check being cut for damages there is alittle leway in case something unsuspecting pops up that the body guy found. Anyone who doesn't have a specific "Agreed Value" policy with their insurer is just asking for h***les if/when the time comes to file a claim.
Yep, misinformation from someone as Big Olds was in primer and had NO interior when i got my policy with Grundy.
Thanks for the info, I'll try calling Grundy again later. Do they require photos too? Hagerty's wants a photo of my truck *in my garage*. Unfortunately my truck is 15 miles away so unless I want to drive it uninsured home or get it trailered I can't get that photo right now...
Grundy requires two photos, front 3/4 for one, rear 3/4 for the other. I also included one of the engine compartment AND once the interior was done I sent them one of that as well, AND once I got the top on I sent them one of that too.
Well, I called Grundy again and spoke with someone completely different and......got the same story. This time I was told that in the photos it had to be apparent that the truck was in the process of a restoration, he implied that this rule was solely for trucks. He then said that even an 'apparent restoration' wasn't good enough to gaurantee coverage. So, I asked him for a quote anyways just to have something to gauge the other companies against and guess what, Grundy was still higher than hagerty. So I guess I know who I will go with...
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