[DeTomaso] Collector car Insurance
John Donahue
demongusta at me.com
Wed Apr 30 23:52:34 EDT 2014
Infinity is my insurance company for my MG, Chevy, and Pantera - and has been for a few years now. They will not (as of a couple months ago) re-new my collector car insurance since I broke my neck (and various limbs) in a motorcycle accident. Two coyotes jumped in front of me at night on a mountain road - just don't get the connection. Maybe I am considered a "maniac" at 67. Otherwise I am (was) pleased with their prices/coverage.
On Apr 30, 2014, at 7:25 PM, Christopher Kimball <chrisvkimball at msn.com> wrote:
> Mike,
> What are your policy limits?
> Thanks,
> Chris
> Sent from my Windows Phone
> __________________________________________________________________
>
> From: [1]Mike Thomas
> Sent: 4/30/2014 7:03 PM
> To: [2]'Asa Jay Laughton'; [3]detomaso at poca.com
> Subject: Re: [DeTomaso] Collector car Insurance
>
> Right, which is why I ditched the Hag and went with Infinity. One our
> local
> car guys whose family has been in the collector car hobby and insurance
> business for many years connected me with them. He has had excellent
> service with them, as have many of his clients. Same coverage with the
> Hag
> would have been $620 had I renewed, with Infinity was $316 for the
> year, no
> deductible, $60K agreed value.
> Mike Thomas
> VP, POCA
> VP, Panteras Northwest
> Yellow '74 #6328
> -----Original Message-----
> From: DeTomaso [[4]mailto:detomaso-bounces at poca.com] On Behalf Of Asa
> Jay
> Laughton
> Sent: Wednesday, April 30, 2014 6:36 AM
> To: detomaso at poca.com
> Subject: Re: [DeTomaso] Collector car Insurance
> 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
> ******************************
> [5]http://www.racingagainstautism.com
> [6]http://www.teampanteraracing.com
> [7]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
>>>>
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>> References
>>
>> 1. [9]http://www.heacockclassic.com/agents/producers-guide/
>> 2. [10]http://poca.com/mailman/listinfo/detomaso_poca.com
>> 3. [11]http://poca.com/mailman/listinfo/detomaso_poca.com
>>
>>
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> References
>
> 1. mailto:mbefthomas at comcast.net
> 2. mailto:asajay at asajay.com
> 3. mailto:detomaso at poca.com
> 4. mailto:detomaso-bounces at poca.com
> 5. http://www.racingagainstautism.com/
> 6. http://www.teampanteraracing.com/
> 7. http://facebook.com/racingagainstautism
> 8. http://poca.com/mailman/listinfo/detomaso_poca.com
> 9. http://www.heacockclassic.com/agents/producers-guide/
> 10. http://poca.com/mailman/listinfo/detomaso_poca.com
> 11. http://poca.com/mailman/listinfo/detomaso_poca.com
> 12. http://poca.com/mailman/listinfo/detomaso_poca.com
> 13. http://www.avg.com/
> 14. http://poca.com/mailman/listinfo/detomaso_poca.com
> 15. http://poca.com/mailman/listinfo/detomaso_poca.com
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