Grundy Insurance Question-Liability and Uninsured motorist coverage HELP!

Going to use Grundy for insurance. They mailed me a written quote with $300,000 Property Damage and Bodily Injury Liability and $50,000 uninsured motorist protection... These amounts are standard according to them. This is for my 25 T.. The yearly rate is $173 which seemed super cheap.

My question is does that seem like adequate coverage for the uninsured motorist part? If an uninsured motorist hits me and I have to go to the hospital what does that $50,000 go towards? I have good health insurance with my job...but still have questions. This is the first time I'm going to be getting insurance for an old car ( this is the first complete car I have built) and need some HAMB advice/help before signing away. Thanks in advance.

Jerry
Homemadehardtop57

 

There's a pic of the old gowjob next to 73roundlight's A. It now has lake headers and 3 -2's on it

 

Your Grundy insurance for hospitalization is used second after your work insurance if you are in a car accident ....BUT, and I could be mistaken on this for your state, BUT I think your daily driver hospitalization coverage comes after your works coverage THEN Grundy's coverage. You REALLY should ask them detailed questions like this.

BTW, LOTS of us use Grundy on our cars around this place and they have yet to screw over anyone I know. Great folks with great coverage.

 

What she said, can't beat 'em.

 

This pertains to TX policies as I am an adjuster in TX....
UMPD is for damage to the car.
UMBI is for damage to you/p***enger. This includes bills and "inconvenience" (lost wages, pain and suffering, etc.)
COLLISION is for your car in an accident-rated differently and different deductible than UMPD
LIABILITY-other persons/property, covers injured p***engers in your car too.
PA policy should be similar. I think the only state that is significantly different is LA.
Any auto insurance should be primary to health insurance ***uming there is coverage on the auto policy. W/ certain coverages, the benifit to filing on auto is the availibility for extra "inconvenience" $$.
If I were you, I'd contact a trusted auto ins. agency and ask any PA specific questions as there are some differences state to state.

 

Yeah..they seem like honest folks with great feedback on here...but they are in the insurance business

Just want to cover all of my bases

 

By the way,good lookin ride

 

Your UM and UIM coverage is for pain and suffering, loss of a limb, etc and also just what it stands for, an un-insured motorist and an under-insured motorist. This coverage will be secondary to your BI or bodily injury only in the event of this being the other parties fault.

 

good people,i use them for my truck,insurance and they bring their automobiles to me for repairs and service-

 

Grundy has treated me right...........

 

Here is some info regarding Grundy and Hagerty. I have not decided which one to use yet but read this and thought it was helpful info.

http://www.v8buick.com/showthread.php?t=147714&highlight=Hagerty

 

It's the same in LA. Basically UMPD & UMBI is coverage for you and your p***engers IF the person that hits you does not have insurance. You have to decide if $50K of UMPD & UMBI is enough or you can reject the coverage (i don't know if you can reject it in PA). But realize, if you have this coverage and you have to use it...YOU are going to have a claim on YOUR coverage.

 

Read the fine print for UM coverage. Alot of times it only pays out if you can prove the other party has no insurance. For example hit and run you wouldn't be able to prove the other person had no insurance and then it's on you. For the 300k for liability and property damage, if it's the only total they give you it's most likely a CSL. Combined single limit. So $300k pays for damages and injury together up to $300k. This is towards the party you could potentially hit. So in other words protection for others so they don't sue you.

 

Jerry, I use JC Taylor for my old cars. I got no health ins, but I don't think thats a factor here. They charge me about 50 bucks a vehicle for the old cars. When i got the T roadster, they had to give me a different policy beacause it's a "modified" vehicle. So a stand alone policy for the T costs me 150. So that's comparable to your deal there.

Seems like Taylor, grundy, hagerty , never heard any complaints from anyone. all good companys.

And I think like you about ins co's in general. i don't trust or like them but the old car ones seem OK.

Frank

 

Just insured my 41 Chevy pickup with Grundy.Cost exactly half of what Hagerty would insure it for.
Mike

 

Don't sacrafice coverage for cost.

 

I would stay away from JC Taylor. They are now oned by some company that insures motor home and bikes. A friend of mine with a 57 TBird found himself on the losing end with a semi. The Taylor adjuster only wanted to give him a fraction of what it would cost to fix, despite the fact the he had two appraisal which were pretty close to each other. The friend went around and around with various guys from JC Taylor. One guy kept referring to his car as a motorcycle, had no clue what a TBird was. Only after the friend got a lawyer would Taylor listen.

 

I was doing the insurance quote thing today, and called Sneed, Grundy, Hagerty, and American Hobbyist... all but Sneed were over $300/yr for $20,000 agreed value. Sneed was less than half the others....

Sneed has seemed to have good ratings on here also...

 

Had my unfortunate claim...they did very good by me! They still insure 3 of my rides too!

 

Call Grundy again and ask for a $25,000 quote. Trust me when I tell you the premium will be LESS then the $20,000 quote. Reason why...the underwriter for the 20K and under policies is different then the underwriter for the 25K and over policies.

 

Amen to that- years ago I didnt use Grundy (I do now ) and had a minor fender bender and had Met P&C for insurance.
Well with my gold chainer 56 Chevy Chrome mess, it was about $3000 wortjh of damage because the flames and chrome needed redoing/replacing and quality etc made the price go uip.
I ALMOST had the car totalled for the p***enger side front fender area being dented for about 6 inches and a buckle in the hood because the Met P&C guys had no idea how to appraise the damage .
The KBB value was $2500 at the ime, ONly thing that saved me was an appraisal I had done and then leaving to go to Grundy - Hot rods and cl***ics is all they do- trust them.
I know of two REALLY good agents on the East Coast,based out of MA but handle maultiple states if anyone wants names.
ONe will be at my Open House next week incase anyone has Grundy questions.

 

I called them back and the quote was cut almost in half... So now I just need to decide between Grundy and Sneed... I have used Hagerty and they require pics... to Grundy and Sneed also??

 

Quote cut in half because of changing from 20K agreed value to 25K agreed value?? You can buy me a ****tail when we see each other.

Grundy requires two photos, a front 3/4 shot and a rear 3/4 shot. It's been so long since I used Sneed for my newer vette that I can't remeber but I don't believe it was such a big deal with the Corvette cuz it was stock. Sneed payed off when I got rear ended in the Vette. The only issue was the adjuster wanted to use aftermarket parts, I said no I wanted GM parts, the estimate had to be rewritten and approved, which is was but it just took alittle longer.

 

Yes, agreed value is the only way I have had these quoted... stated value with screw if you have a total loss, from what I understand...