[DeTomaso] Collector car Insurance

Mike Drew MikeLDrew at aol.com
Wed Apr 30 01:16:34 EDT 2014 

Chris--they didn't squawk, they just doubled your rate quietly!

Mike

Sent from my iPhone

On Apr 29, 2014, at 21:50, Christopher Kimball <chrisvkimball at msn.com> wrote:

>   Not to confuse the issue, but here is my insurance situation:
>   I have zero deductible, 300/500 limits and $60,000 agreed value.
>   I am with Hagerty and pay about $550 per year.
>   That may be higher other companies, but I've had two claims with
>   Hagerty, and they paid immediately with absolutely no problems, and no
>   increase in rates (at the time).
>   My rates increased when I increased my agreed value a few years ago, of
>   course, and a bit again a year or two ago (but it was not much).
>   I have no mileage limit, and the didn't squawk when I told them I had a
>   408 stroker, custom wheels and a big stereo.
>   Just my two cents.
>   Sincerely,
>   Chris
>   Date: Tue, 29 Apr 2014 23:10:02 -0400
>   From: boyd411 at gmail.com
>   To: lotus0005 at hotmail.com
>   CC: detomaso at poca.com
>   Subject: Re: [DeTomaso] Collector car Insurance
> 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.
> [1]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 a
> nd 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
>>>   [2]http://poca.com/mailman/listinfo/detomaso_poca.com
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> References
> 
>   1. http://www.heacockclassic.com/agents/producers-guide/
>   2. http://poca.com/mailman/listinfo/detomaso_poca.com
>   3. http://poca.com/mailman/listinfo/detomaso_poca.com
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