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Car Forum / Chevrolet / Chevrolet Corvette / July 2004Grundy Insurance deal
I picked this up on the NCRS board tonight. Something to think about. Since insurance comes up rather often, I thought I'd pass this note on that I received from Grundy: Thank You for contacting GRUNDY WORLDWIDE's web site. Unfortunately, we are unable to insure Corvettes model year 1974 or newer unless the vehicle is part of a collection of collector cars. Best of luck in your search for proper coverage on your vehicle. Respectfully, GRUNDY WORLDWIDE No where on their web site do they state this. The best part, on their application, I listed this: How many collector cars owned? - 2 I wonder what they require as a collection. Tom in Missouri spoke thusly: > I picked this up on the NCRS board tonight. Something to think about. <snip> I never have a problem with Hagerty. I was REAL impressed with their 24 hour roadside service as well. I had to use that part of my coverage when I thought I lost a rear wheel bearing. The guy showed up with a flatbed and was super careful with my car. I pay $235 a year ($15 of it is for the roadside service) and my car is covered for $30K.  SignatureShut up, Dave. -|>|- Diode -|<|- '68 L-79 Coupe '79 Triumph Bonneville I liked the part that Grundy was realistic about driving. They say they don't have limits, because they drive their cars, too. After all, if you have a 2500 mile limit, and drove to Bloomington from New York, or on one of the NCRS road trips, you could use up all your miles in one trip. And if you were driving to something like Nashville last year from California, you couldn't drive home! (yeah, like that would happen.) But if they won't insure you newer than a '74, and the collector/classic/antique begins at 25 years, then those with 1979 and below are out of luck. And if you have to have a huge collection, that does most of us in, also. I mean, if you can have two or 3 cars, and that isn't enough for Grundy, then I guess most of us need to look other places. Hope you are reading this Grundy! > Tom in Missouri spoke thusly: > [quoted text clipped - 14 lines] > '68 L-79 Coupe > '79 Triumph Bonneville >Unfortunately, we >are > unable to insure Corvettes model year 1974 or newer unless the vehicle >is > part of a collection One problem you may have is you must have a newer car insured by some other company in order to get collector insurance. So if you have your 03 Honda Accord insured by State Farm, then you might be able to get collector insurance for the 75 Corvette. Larry Hemi4268 spoke thusly: > One problem you may have is you must have a newer car insured by some other > company in order to get collector insurance. Not so with Hagerty. SignatureShut up, Dave. -|>|- Diode -|<|- '68 L-79 Coupe '79 Triumph Bonneville >Not so with Hagerty. I have Hagerty and you must have a newer insured car in order for them to insure your older classic. Larry Hemi4268 spoke thusly: >>Not so with Hagerty. > > I have Hagerty and you must have a newer insured car in order for them to > insure your older classic. > > Larry Interesting, I also have them and the subject never came up. Maybe it's something that the broker threw in to get more of your business? SignatureShut up, Dave. -|>|- Diode -|<|- '68 L-79 Coupe '79 Triumph Bonneville >Interesting, I also have them and the subject never came up. Maybe it's >something that the broker threw in to get more of your business? My insurance broker had nothing to do with it. On the application you must list your newer car and the insurance for that car. I think it also explans in on the application that this must be filled in before you can submit the application as Hagerty does not insure daily drivers and you can not use Hagerty as your main car insurance. In other words, you must be insured by another insurance company before Hagerty will insure your classic. Larry I don't think this is the deal on the original note. He has been rebuilding a rear suspension so I don't think he is driving it. That means he must have some way around. The catch is that he lists two collector cars yet Grundy says they won't insure one as new as a '79 unless it is part of a collection. I guess two isn't a collection. I haven't seen any of the collector insurance companies not mention you must have a daily driver and regular insurance on the daily. They all mention the collector is not to be used for daily and not to be used as backup transportation. The world of insurance just plain sucks. > >Interesting, I also have them and the subject never came up. Maybe it's > >something that the broker threw in to get more of your business? [quoted text clipped - 9 lines] > > Larry >I don't think this is the deal on the original note. He has been rebuilding >a rear suspension so I don't think he is driving it. That means he must [quoted text clipped - 10 lines] > >The world of insurance just plain sucks. ============================== Hey it is after Midnight and honestly I am kind of tired.... BUT.... If I am not mistaken my Insurance Company (American Collectors) requires that you have.. and use.. another car for daily transportation.... That is has to be insured is not mentioned BUT at least in Maryland every vehicle MUST be insured... I Insure 6 vehicles with Amercan Collectors (5 Vettes and a Chevelle) none of which are driven daily... They do require a car to be at least 25 years old before then will insure it...BUT they did insure my 95 which is a little younger then 25 years old ... As Far as that 2,500 miles per year I know they will wave that FOR Specific Trips... If I remember correctly It did cost me 25 bucks extra to insure my 72 for the National Caravan in 1999 and last year I drove the 95 to Nashvile ..again with an OK from them because it was a "national" event.. who knows ... all I did was pick up the phone in each case (months in advance however) They did NOT hit me with a 25 dollar "special surcharge" for insuring the car for more then the 2,500 mile limit on the 95... BTW I purchased the 95 within days after doing the National Caravan in 1999 driving the 72. The wife insisted that she would NEVER do another trip like that in my very tightly sprung (stiff enough to tell if that dime was heads up or tails up as you drove over it) and rather hot (inside) car she wanted a car that was comfortable and had an A/C She also purchased a HOT tub within days after we got home...since she discovered that hot tubs worked wonders on her sore, aching back after ridding in the 72 all day... I wonder if 6 Cars qualify with Grundy as a TRUE Collection...Ido not think I have a collection...A Fleet maybe but not a collection Bob Griffiths >The world of insurance just plain sucks. ***** No doubt; especially with the unconstitutional mandatory laws. I would point you to my website Screwed By insurance, but it's temporarily down due to lack of hosting funds. I had 4 cars insured through Grundy. A '72 bug, '78 BMW, '83 Nissan ZX, & '89 VW Cabriolet. For liability & comprehensive, with stated values of $25,000, $4,000, $7,500, & $4,000 (repectively), it cost me $245 a year. Unlimited mileage, must be garage kept, must have other car for daily use (but they didn't ask for that insurance). I don't understand why you had problems with your 'Vette. ~ Paul aka "Tha Driver" Giggle Cream - it makes dessert *funny*! >>Interesting, I also have them and the subject never came up. Maybe it's >>something that the broker threw in to get more of your business? [quoted text clipped - 7 lines] > must be insured by another insurance company before Hagerty will insure your > classic. +1 here - same experience with Hagerty when I bought mine 2 years ago. Eric Signature'74 Coupe 350 Automatic Black/Black |
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