[DeTomaso] Collector car Insurance
Boyd Casey
boyd411 at gmail.com
Tue Apr 29 23:10:02 EDT 2014
Here is a link from Heacock that discloses that their Insurance is
Underwritten by American Modern which is a subsidiary of Munich RE which
is one of the largest Insurance underwriters in the world.
http://www.heacockclassic.com/agents/producers-guide/
I had been told that haggerty was underwritten by AMHI but I wasn'y sure
if it was true. So I called Haggerty for a quote. I was half way through
the process when the agent asked me who I was currently insured with. When
I told her it was American Modern she stopped me in my tracks and said"
They underwrite our policies so your premium will be the same. She wouldn't
even continue with the application process. I don't know how many other
classic car Ins companies are linked but I believe that there are more then
just the ones I mentioned. Grundy is not among them. And as I mentioned
earlier in spite of the substantial increase in my coverage limits my
premium was virtually unchanged (less the $50.00 per year).
Boyd
On Tue, Apr 29, 2014 at 10:51 PM, Boyd Casey <boyd411 at gmail.com> wrote:
> No not at all. Grundy had a far lower premium for much better coverage. As
> I mentioned my Liability coverage went from 100/300 (that's $300K total
> with $100K per incident or payee (i think) Grundy gave me $500K single
> limit which if I understand correctly means they will pay up to $500K in a
> single claim. My agreed value went up 60% over what it was with American
> Modern Home. I was told by a list member and by the Haggerty agent that
> American Modern Home underwrites (provides) the Insurance that Haggertysells and they
> AMH provide the same underwriting for several of the well known collector
> car insurance sellers. So I would highly recommend anyone who's policy is
> up for renewal or who wants to increase their coverage limits to give
> grundy a call ( or go to their web sight) It was a quick painless
> process. i got an underwriters approval in only two days wit a single good
> photo of my car. AMH was more difficult to deal with and took much longer
> to underwrite. Even after I had coverage with them I wanted to add another
> collector car I purchased. They couldn't or wouldn't supply immediate
> coverage even though I had already purchased the car. I had to purchase a
> policy from progressive to cover the car while I waited for AMH to
> approve the addition to my policy. Once they did Progressive refunded my
> premium. I never had a claim with AMH but when Dennis (from the list)
> Pantera was totaled by Hurricane Sandy they paid him off in no time with
> no problems. They also offered him the opportunity to buy his car back from
> them for a reasonable price.
> Boyd
>
>
> On Tue, Apr 29, 2014 at 9:23 PM, Bill Lewis <lotus0005 at hotmail.com> wrote:
>
>> So, are you saying that it seems that Grundy, Haggerty, and Heacock
>> (using American Modern) will all have the same premiums and coverages?
>> Anyone else want to speak to this? Thanks, BILL Lewis
>> Date: Tue, 29 Apr 2014 19:50:53 -0400
>> From: boyd411 at gmail.com
>> To: detomaso at poca.com
>> Subject: [DeTomaso] Collector car Insurance
>> To all who helped me and shared experience and advice concerning Insurance
>> and Panteras appreciating values I wanted to share the results of my
>> search.
>> I just received my new policy from Grundy Insurance. Dennis Sanford a
>> member of the Long Island POCA group recommended them after his pant era
>> was totaled by hurricane Sandy.
>> I had American Modern Home Ins Co, who it turns out are the underwriters
>> for several other collector car Insurance companies (including Haggerty)
>> When I called Haggerty and they asked me who i was currently insured with
>> and I told them AMHI , they said "Hold on" They underwrite our policies so
>> your premium will be the same. So I contacted Grundy. I got my Liability
>> raised from 100/ 300 to $500K single limit, raised the insured value of my
>> car by 60% and my premium was virtually unchanged! All the other
>> superfluous coverages are essentially the same. The premium for this level
>> coverage with my previous insurer ( as well as others I called) was
>> double
>> what I am paying (and was paying! So needless to say I am quite happy and
>> would seriously recommend any one looking for a collector car policy ( or
>> another high end coverage , like yachts, collectibles even High end daily
>> drivers , they do it all!
>> Thanks again for all the advice.
>> Boyd
>>
>> _______________________________________________ Detomaso Forum Managed
>> by POCA DeTomaso mailing list DeTomaso at poca.com
>> http://poca.com/mailman/listinfo/detomaso_poca.com
>>
>> _______________________________________________
>>
>> Detomaso Forum Managed by POCA
>>
>> DeTomaso mailing list
>> DeTomaso at poca.com
>> http://poca.com/mailman/listinfo/detomaso_poca.com
>>
>>
>
-------------- next part --------------
Here is a link from Heacock that discloses that their Insurance is
Underwritten by American Modern A which is a subsidiary of Munich RE
which is one of the largest Insurance underwriters in the world.
[1]http://www.heacockclassic.com/agents/producers-guide/
A I had been told that haggerty was underwritten by AMHI but I wasn'y
sure if it was true. So I called Haggerty for a quote. I was half way
through the process when the agent asked me who I was currently insured
with. When I told her it was American Modern she stopped me in my
tracks and said" They underwrite our policies so your premium will be
the same. She wouldn't even continue with the application process. I
don't know how many other classic car Ins companies are linked but I
believe that there are more then just the ones I mentioned. Grundy is
not among them. And as I mentioned earlier in spite of the substantial
increase in my coverage limits my premium was virtually unchanged (less
the $50.00 per year).
Boyd
On Tue, Apr 29, 2014 at 10:51 PM, Boyd Casey <[2]boyd411 at gmail.com>
wrote:
No not at all. Grundy had a far lower premium for much better coverage.
As I mentioned my Liability coverage went from 100/300 (that's $300K
total with $100K per incident or payee (i think) Grundy gave me $500K
single limit which if I understand correctly means they will pay up to
$500K in a single claim. My agreed value went up 60% over what it was
with American Modern Home. I was told by a list member and by the
Haggerty agent that American Modern Home underwrites (provides) the
Insurance that Haggerty sells and they AMH provide the same
underwriting for several of the well known collector car insurance
sellers. So I would highly recommend anyone who's policy is up for
renewal or who wants to increase their coverage limits to give grundy a
call ( or go to their web sight) It was a quick painless process. i got
an underwriters approval in only two days wit a single good photo of my
car. AMH was more difficult to deal with and took much longer to
underwrite. Even after I had coverage with them I wanted to add another
collector car I purchased. They couldn't or wouldn't supply immediate
coverage even though I had already purchased the car. I had to purchase
a policy from progressive to cover the car while I waited for AMH to
approve the addition to my policy. Once they did Progressive refunded
my premium. I never had a claim with AMH but when Dennis (from the
list) Pantera was totaled by Hurricane Sandy they paid him off in no
time with no problems. They also offered him the opportunity to buy his
car back from them for a reasonable price.
Boyd
On Tue, Apr 29, 2014 at 9:23 PM, Bill Lewis <[3]lotus0005 at hotmail.com>
wrote:
A A So, are you saying that it seems that Grundy, Haggerty, and
Heacock
A A (using American Modern) will all have the same premiums and
coverages?
A A Anyone else want to speak to this? A A Thanks, BILL Lewis
A A Date: Tue, 29 Apr 2014 19:50:53 -0400
A A From: [4]boyd411 at gmail.com
A A To: [5]detomaso at poca.com
A A Subject: [DeTomaso] Collector car Insurance
To all who helped me and shared experience and advice concerning
Insurance
and Panteras appreciating values I wanted to share the results of my
search.
I just received my new policy from Grundy Insurance. Dennis Sanford a
member of the Long Island POCA group recommended them after his pant
era
was totaled by hurricane Sandy.
I had American Modern Home Ins Co, who it turns out are the
underwriters
for several other collector car Insurance companies (including
Haggerty)
When I called Haggerty and they asked me who i was currently insured
with
and I told them AMHI , they said "Hold on" They underwrite our policies
so
your premium will be the same. So I contacted Grundy. A I got my
Liability
raised from 100/ 300 to $500K single limit, raised the insured value of
my
car by 60% and my premium was virtually unchanged! All the other
superfluous coverages are essentially the same. The premium for this
level
coverage with my A previous insurer ( as well as others I called) was
double
what I am paying (and was paying! So needless to say I am quite happy
and
would seriously recommend any one looking for a collector car policy (
or
another high end coverage , like yachts, collectibles even High end
daily
drivers , they do it all!
Thanks again for all the advice.
Boyd
A A _______________________________________________ Detomaso Forum
Managed
A A by POCA DeTomaso mailing list [6]DeTomaso at poca.com
A A [7]http://poca.com/mailman/listinfo/detomaso_poca.com
_______________________________________________
Detomaso Forum Managed by POCA
DeTomaso mailing list
[8]DeTomaso at poca.com
[9]http://poca.com/mailman/listinfo/detomaso_poca.com
References
1. http://www.heacockclassic.com/agents/producers-guide/
2. mailto:boyd411 at gmail.com
3. mailto:lotus0005 at hotmail.com
4. mailto:boyd411 at gmail.com
5. mailto:detomaso at poca.com
6. mailto:DeTomaso at poca.com
7. http://poca.com/mailman/listinfo/detomaso_poca.com
8. mailto:DeTomaso at poca.com
9. http://poca.com/mailman/listinfo/detomaso_poca.com
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