[DeTomaso] Collector car Insurance

Gray Gregory rgg at gregorycook.com
Wed Apr 30 14:42:01 EDT 2014 

It sounds like American Modern underwrites for several of the collector car ins sellers, so who underwrites Grundy's insurance? 

Gray

-----Original Message-----
From: DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Boyd Casey
Sent: Wednesday, April 30, 2014 10:19 AM
To: Asa Jay Laughton
Cc: detomaso at poca.com
Subject: Re: [DeTomaso] Collector car Insurance

 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
>

More information about the DeTomaso mailing list