What to look for when you shop for Collector car insurance
Tips from Grundy Worldwide
Collector car owners can be found throughout the country; In fact, they exist all over the world. Since Grundy family members and their friends began to restore and preserve the old car many years ago, outside the city of Philadelphia, the hobby has been growing rapidly in popularity and participation; and, continue to evolve and develop.
Today, there is a "car people" of all types: from the antique car owners who appreciate the history and preservation of their car into a muscle car and hot rod owners who divulge the nostalgia and from the low rider in Southern California and a crowd of tattoo who took part in the scene "Custom Kulture" to luxury car owners who attend the Concours. Same with various people, they all have one thing in common: they love old cars.
While having such love and passion for old cars, reasonable people when a car looking for a special insurance to protect their goods are the most valuable. During the search for insurance for special vehicles, there are some things that we at Grundy Worldwide would suggest car collectors to consider.
We have compiled the following list to help you shop for collector vehicle insurance.
1. the Agreed Value Insurance
2. What's Covered
3. Superior Claims Service
4. Company Reputation
5. Customer Service
6. The use, storage and restriction of Mileage
7. The price
The Value Of The Agreed Insurance
When insuring Your collector vehicle, it is important for you to look for coverage "values agree". More than 60 years ago, James Grundy, SR., found the idea of an agreed value, and since then it works.
With the guarantee of the value of the Setit, you, the customer, and us, the insurance company, agreed with Your collector car values. In case of total loss, you will receive that amount-it's that simple.
Several other companies have taken the idea Agree; However, there are still many companies that offer policies similar to the values Agree, but are actually very different. Look out! We do not recommend insuring a car collector with the value of the Stated Value or Actual Cash Value.
Although the names of the policy may sound similar, there is a big difference between us and the Equivalent value of the policy the policy Value Remain. Some people (including insurance agents) to misjudge the value agreed-it was a big mistake. The form of the sum Stated says that insurance companies will pay the lower of:
a) Stated Amount),
b) costs to repair vehicles that do not exceed the quantities mentioned or
c) "actual cash value."
And, with that statement, the third allowed claims adjuster to complete your claim above is LESS than the amount mentioned.
Actual cash value refers to the cost to replace the vehicle with a new property such as type and quality, less depreciation-"fair market value." If you look at "fair market value" for Your collector car, you will understand why you don't want to insure your car with such policy; You will receive almost no nothing.
If you purchase the value Stated Value or Actual Cash Value and suffered a total loss or whether your car is stolen, you'll learn the hard way so that your car is not tightly closed. Why risk it?
Grundy Worldwide understands that the vehicle depreciates in value, not collectors from time to time; We know that the value of the car is usually increased. The equivalent value of the policy we take into account the real value of the vehicle collector.
What is covered
At Grundy Worldwide, we are confident that we will offer the most coverage for Your collector vehicle. Our policy includes coverage for liability, comprehensive and collision, and lots of "bells and whistles" that only a few can be offered by you.
The scope of coverage is the Foundation of every car insurance policy; and, you want to make sure you have enough coverage. This coverage protects you from lawsuits related to the accident and the burden of the cost of repair and replacement.
If you are wrong in an accident, Your liability coverage will overload the bodily harm and damage to property caused by others; Property damage coverage pays for the repair or replacement of the property (not yours) that you damaged. Our policy includes the payment of health, P.I.P., no omissions and unauthorized Riders Coverage, as needed. The scope and restrictions vary by country.
Our policy also includes physical damage to your vehicle-"comp and collision." And, in most States, insurance Grundy also includes some essential Add-ons that make our coverage tailored to car collectors like no other insurance policies. This additional coverage include:
- towing and labor costs to $250 any incident;
- Auto show medical reimbursements, $5,000 everyone, until $10,000;
- the scope of spare parts, to $500;
The scope of the eradication of travel, reimbursement of expenses for transportation, lodging and meals in the amount $600 for the cost of transport, in case of collision or damage to electrical or mechanical; and, with the rise in inflation, the guard's annual 4 percent annually.
Superior Claims Service
When the collector car owners are protected by insurance companies is good, with a nice claim settlement, hobbyis comes with peace of mind. Grundy Worldwide maintain the highest claim completion ranking of all companies.
Be sure to see the ranking of the best AM. Grundy Worldwide only works with companies that have ranked the highest claims in this industry. We provide insurance for collector car throughout 50 State; and, in most States, Grundy Collector Vehicle Program is underwritten by an A + rated Philadelphia Insurance Company.
In Massachusetts, South Carolina and other special circumstances, Grundy is using United States liability insurance. U.S.L.I. benefits from the reputation and rating A ++. Trained representatives worked hard to reach a solution that is quick, fair and free of problems.
It's also important to point out that, a few years ago, launched a national search for Grundy adjuster which is a "car guy." As a result, we are confident that when we send a claims adjuster to assess the damage on the vehicle collectors, they really know what they are talking about.
Imagine having the adjuster assesses damage to your car after you look confused a glimpse into a unique vehicle. We are sure you will feel a little uneasy. In Grundy, things we are familiar with the car collectors; Many of them are fans, they own. We are confident that our customers will be confident in adjusting. We are a car people like you.
Reputation Of The Company
This brings us to the reputation of the company. Grundy is known as a leader in collector car insurance, after insuring such vehicles, starting in 1947. As the inventor of the Equivalent Value insurance, we've been in the business longer than any other collector vehicle insurance company.
Grundy name, employees and the insurance product known, respected and recommended by members of the collector car hobby. In fact, most of our clients learn about Grundy through referrals by word of mouth from friends to their car which is currently ensuring their collector vehicle with us.
Customer service
When searching for the right company to make sure Your collector car, you want to make sure you feel comfortable with the company's customer service and their knowledge of car collectors.
We are proud that when you call Grundy, you can talk to a real person! And, "We the people" are the fans, just like you. Jim Grundy, President and CEO of the company is the collector; His grandfather and father also collector. A love for old cars to run in the family ... the blood and the blood of the company as well.
Chuck Wasoski, VP of Collector Vehicle Program, was a lifelong car enthusiast and a fan who has been in the collector vehicle insurance industry for over 17 years; For the past 11 years, he has worked at Grundy Worldwide, where we have been insuring the car collector for longer than any other insurance agent. Our knowledge of the industry; our representatives understand you, cars and your insurance needs.
Restrictions on the use, storage and mileage
Make sure you ask about limitations on use, storage and mileage. Most collector car insurance companies, including Grundy Worldwide, will request that your vehicle is kept in a closed garage full and locked and used for "pleasure and use a hobby."
The use of pleasure while driving is your vehicle in the free time, like going to a nice dinner with your spouse, or taking a cruise ship in the country. And, the use of hobbies include performances, parades and variety events. We ask you not to use Your collector vehicle as your primary means of transportation, but Grundy want you to enjoy your vehicle.
Some companies have annual mileage restrictions; However we offer Unlimited Mileage on all our insurance policies. You could be driving your car as far and as often as you want, as long as it is not used for everyday transport. We urge motorists to continue on our path and remain active in the hobby.
Price
We can't forget to mention the insurance rates. We will not advise you to buy insurance at a price only; If you shop like that, you might find a cheaper policy didn't offer adequate coverage.
In Grundy, we offer peace of mind with a policy that covers the right coverage at a price that's easy on your wallet. Our prices are very low, because we specialize in insuring the collecting vehicle, which we understand to be used to a limited extent.
These cars are not used for daily transportation, but rather for fun and hobby, Club events, parades and performances of the cars. They chained and well-maintained. Grundy Worldwide understand that car collectors pay more attention to their special vehicles.
Our customers are a safe driver, and we believe they deserve the best possible price. As a result, we have found that our policy premiums are often up to 70% lower than that offered by the insurance company standard.
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