[DeTomaso] Collector car Insurance
Boyd Casey
boyd411 at gmail.com
Wed Apr 30 11:19:04 EDT 2014
It seems to me that the two most important issues are , #1 that they will
underwrite your car ,and #2 that they actually pay when you have a claim.
Initially I was concerned about them covering cars with modifications but
that is apparently not a major problem so long as any modifications are
disclosed. The insurance company would be within their rights to refuse
payment of a claim if you had not supplied accurate information to the
insurance company. They will even cover someone who has made previous
claims ( against them or other insurance companies). The member that was
covered by Grundy and recommended them to me, has re insured him and sold
the wrecked car back to him. I don't think one can ask for more ( or
better coverage and customer service) then that! I hope I never need to put
hem to the test. but I feel as confident as I ever have with a new
insurance carrier and have no reservations about recommending them to
others.
Sincerely,
Hugh Boyd Casey
P.S. Full disclosure , I have no financial interests in Grundy or any other
insurance companies.
On Wed, Apr 30, 2014 at 9:35 AM, Asa Jay Laughton <asajay at asajay.com> wrote:
> Hmph,
> I raised mine to $50K last year and they squawked at everything.... my
> new premium went from $250 a year to $750 a year.
>
> 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 4/29/2014 9:50 PM, Christopher Kimball 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
> >>>
> >>> _______________________________________________
> >>>
> >>> Detomaso Forum Managed by POCA
> >>>
> >>> DeTomaso mailing list
> >>> DeTomaso at poca.com
> >>> [3]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
> >
> > 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
> >
> >
> >
> > _______________________________________________
> >
> > Detomaso Forum Managed by POCA
> >
> > DeTomaso mailing list
> > DeTomaso at poca.com
> > http://poca.com/mailman/listinfo/detomaso_poca.com
> >
> >
> > -----
> > No virus found in this message.
> > Checked by AVG - www.avg.com
> > Version: 10.0.1432 / Virus Database: 3722/6914 - Release Date: 04/29/14
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> DeTomaso mailing list
> DeTomaso at poca.com
> http://poca.com/mailman/listinfo/detomaso_poca.com
>
-------------- next part --------------
A It seems to me that the two most important issues are , #1 that they
will underwrite your car ,and #2 that they actually pay when you have a
claim. A Initially I was concerned about them covering A cars with
modifications but that is apparently A not a major problem so long as
any modifications are disclosed. A The insurance company would be
within their rights to refuse payment of a claim if you had not
supplied accurate information to the insurance company. A They will
even cover someone who has made previous claims ( against them or other
insurance companies). A The member that was covered by Grundy and
A recommended them to me, has re insured him A and sold the wrecked car
back to him. I don't think A one can ask for more ( or better coverage
and customer service) then that! I hope I never need to put A hem to
the test. but I feel as confident as A I ever have with a new insurance
carrier and have no reservations A about recommending them to others.
Sincerely,
Hugh Boyd Casey
P.S. Full disclosure , I have no financial interests in Grundy or any
other insurance companies.
On Wed, Apr 30, 2014 at 9:35 AM, Asa Jay Laughton
<[1]asajay at asajay.com> wrote:
Hmph,
I raised mine to $50K last year and they squawked at everything....
my
new premium went from $250 a year to $750 a year.
Asa A Jay
Asa Jay Laughton, MSgt, USAFR, Retired
& Shelley Marie
Spokane, WA
******************************
[2]http://www.racingagainstautism.com
[3]http://www.teampanteraracing.com
[4]http://facebook.com/racingagainstautism
On 4/29/2014 9:50 PM, Christopher Kimball wrote:
> A A Not to confuse the issue, but here is my insurance situation:
> A A I have zero deductible, 300/500 limits and $60,000 agreed value.
> A A I am with Hagerty and pay about $550 per year.
> A A That may be higher other companies, but I've had two claims with
> A A Hagerty, and they paid immediately with absolutely no problems,
and no
> A A increase in rates (at the time).
> A A My rates increased when I increased my agreed value a few years
ago, of
> A A course, and a bit again a year or two ago (but it was not much).
> A A I have no mileage limit, and the didn't squawk when I told them
I had a
> A A 408 stroker, custom wheels and a big stereo.
> A A Just my two cents.
> A A Sincerely,
> A A Chris
> A A Date: Tue, 29 Apr 2014 23:10:02 -0400
> A A From: [5]boyd411 at gmail.com
> A A To: [6]lotus0005 at hotmail.com
> A A CC: [7]detomaso at poca.com
> A A Subject: Re: [DeTomaso] Collector car Insurance
> 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][8]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 <[9]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
<[10]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: [11]boyd411 at gmail.com
>>> A A To: [12]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 [13]DeTomaso at poca.com
>>> A A [2][14]http://poca.com/mailman/listinfo/detomaso_poca.com
>>>
>>> _______________________________________________
>>>
>>> Detomaso Forum Managed by POCA
>>>
>>> DeTomaso mailing list
>>> [15]DeTomaso at poca.com
>>> [3][16]http://poca.com/mailman/listinfo/detomaso_poca.com
>>>
>>>
> A A _______________________________________________ Detomaso Forum
Managed
> A A by POCA DeTomaso mailing list [17]DeTomaso at poca.com
> A A [18]http://poca.com/mailman/listinfo/detomaso_poca.com
>
> References
>
> A A 1. [19]http://www.heacockclassic.com/agents/producers-guide/
> A A 2. [20]http://poca.com/mailman/listinfo/detomaso_poca.com
> A A 3. [21]http://poca.com/mailman/listinfo/detomaso_poca.com
>
>
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> DeTomaso mailing list
> [22]DeTomaso at poca.com
> [23]http://poca.com/mailman/listinfo/detomaso_poca.com
>
>
> -----
> No virus found in this message.
> Checked by AVG - [24]www.avg.com
> Version: 10.0.1432 / Virus Database: 3722/6914 - Release Date:
04/29/14
_______________________________________________
Detomaso Forum Managed by POCA
DeTomaso mailing list
[25]DeTomaso at poca.com
[26]http://poca.com/mailman/listinfo/detomaso_poca.com
References
1. mailto:asajay at asajay.com
2. http://www.racingagainstautism.com/
3. http://www.teampanteraracing.com/
4. http://facebook.com/racingagainstautism
5. mailto:boyd411 at gmail.com
6. mailto:lotus0005 at hotmail.com
7. mailto:detomaso at poca.com
8. http://www.heacockclassic.com/agents/producers-guide/
9. mailto:boyd411 at gmail.com
10. mailto:lotus0005 at hotmail.com
11. mailto:boyd411 at gmail.com
12. mailto:detomaso at poca.com
13. mailto:DeTomaso at poca.com
14. http://poca.com/mailman/listinfo/detomaso_poca.com
15. mailto:DeTomaso at poca.com
16. http://poca.com/mailman/listinfo/detomaso_poca.com
17. mailto:DeTomaso at poca.com
18. http://poca.com/mailman/listinfo/detomaso_poca.com
19. http://www.heacockclassic.com/agents/producers-guide/
20. http://poca.com/mailman/listinfo/detomaso_poca.com
21. http://poca.com/mailman/listinfo/detomaso_poca.com
22. mailto:DeTomaso at poca.com
23. http://poca.com/mailman/listinfo/detomaso_poca.com
24. http://www.avg.com/
25. mailto:DeTomaso at poca.com
26. http://poca.com/mailman/listinfo/detomaso_poca.com
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