[DeTomaso] Insurance increase
Jerry Knotts
knottsj at galstar.com
Thu Nov 21 08:03:33 EST 2013
Recently I was looking to move 5 of my toys from their current insurance
company to another company. The current company has made some changes
that I really don't care for in their billing process and I was looking
for a new home for the 3 Panteras and 2 more of my toys. Did a Hagerty
on line quote on the simplest of the cars and followed it up with a
phone call to their national number. Things were progressing swimmingly
until I mentioned that 2 of the cars were Nitrous equipped. They will
not handle Nitrous equipped cars under any conditions. Levered the
Quote into some viable concessions from my current agent.
Oh well,
jerry
On 11/20/2013 10:36 PM, Asa Jay Laughton wrote:
> Well.... it would seem that Hagerty has some "feelers" into the
> DeTomaso email forum.
>
> I got an unsolicited phone call from them today. The person who spoke
> with me had seen an email trail... and mentioned "Mike Drew." I don't
> think Mike was the source, but that was the clue they probably have
> eyes into this list. It's the -only- place I've made any comment, and
> as I recall... never mentioned their name, until now. Of course Mike
> Drew hit the nail on the head when he said I'd been "Hagerty'ed."
>
> Anyway... they wanted to make sure I understood why the change was so
> big and wanted to ask me questions about the "modifications," probably
> to see if they could re-classify it as stock in order to reduce my
> yearly cost. Well, it seems 50 HP over stock may be the magic number
> (not to mention my other mods). There was no dispute that it
> classified as a modified vehicle.
>
> Then he talked about possible rate reductions if I increased my
> deductible. Let's just say what was offered would have taken me 20
> years to save in order to meet the deductible. Umm... oh heck, it was
> take $50 of the yearly rate if you go with a $1,000 deductible. Gee,
> really???? WOW! .... no thanks, I can do math in my head.
>
> I think I'll just get quotes from some of the others insurance
> vendors. Since I know Hagerty will probably get a copy of this...
> um... yea... they need to offer me a sweeter deal than that.
>
> :)
> Asa Jay
> Asa Jay Laughton, MSgt, USAFR, Retired
> & Shelley Marie
> Spokane, WA
> ******************************
> http://www.racingagainstautism.com
> http://www.teampanteraracing.com
> http://facebook.com/racingagainstautism
>
> On 11/19/2013 6:57 PM, Asa Jay Laughton wrote:
>> Possibly. -that- as Mike pointed out, was the primary factor that
>> increased the value. When I said the modified engine was maybe 50 HP
>> more than stock, he said that qualified for "modified." And then
>> there was the non-stock radiator, non-stock shocks...
>>
>> Asa
>> Asa Jay Laughton, MSgt, USAFR, Retired
>> & Shelley Marie
>> Spokane, WA
>> ******************************
>> http://www.racingagainstautism.com
>> http://www.teampanteraracing.com
>> http://facebook.com/racingagainstautism
>>
>> On 11/19/2013 6:19 PM, Mike Thomas wrote:
>>>
>>> That brings up an interesting question: how modified is modified?
>>> I've been with Hagerty since I bought the Pantera. The body is
>>> stock, but the engine, suspension, wheels/tires, seats, etc. are
>>> certainly not stock. Am I setting myself up for a denial of claim
>>> if something were to happen?
>>>
>>> *Mike Thomas*
>>>
>>> *VP, POCA*
>>>
>>> *VP, Panteras Northwest*
>>>
>>> *Yellow '74 #6328*
>>>
>>> *From:*DeTomaso [mailto:detomaso-bounces at poca.com] *On Behalf Of
>>> *Mike Drew
>>> *Sent:* Tuesday, November 19, 2013 11:50 AM
>>> *To:* Asa Jay Laughton
>>> *Cc:* detomaso at poca.com
>>> *Subject:* Re: [DeTomaso] Insurance increase
>>>
>>> AJ,
>>>
>>> Don't tell me, let me guess. You got Hagerty'ed.
>>>
>>> Right?
>>>
>>> Hagerty hates modified cars. When I was shopping they told me my
>>> rate would be triple their normal rate just because I had a fire
>>> system and aftermarket seat belts--both things that would
>>> potentially reduce their exposure!
>>>
>>> Shop around. I am with heacock and my rates are very reasonable. I
>>> just raised my coverage and costs increase was minimal.
>>>
>>> Mike
>>>
>>>
>>> Sent from my iPhone
>>>
>>>
>>> On Nov 19, 2013, at 11:23, "Asa Jay Laughton"<asajay at asajay.com
>>> <mailto:asajay at asajay.com>> wrote:
>>>
>>> Hey all,
>>> I recently changed the policy on my Pantera. I'm still with the
>>> same company, but I increased the agreed value based on recent
>>> market conditions and on-line valuation tools. I also changed
>>> it from stock to modified.
>>>
>>> The surprise in all this is that my cost for the policy more
>>> than tripled. I was a bit stunned when I figured it all out.
>>>
>>> Have you reviewed -your- policy recently to make sure you are
>>> adequately covered?
>>>
>>> Asa Jay
>>>
>>> /Sent using Jedi mind tricks./
>>>
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>>
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