Re: Grundy Insurance deal

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Re: Grundy Insurance deal

Tom in Missouri

18 Jun 2004 00:30

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

Hemi4268

17 Jun 2004 22:45

>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

Diode	17 Jun 2004 21:15
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? Signature Shut up, Dave. -\|>\|- Diode -\|<\|- '68 L-79 Coupe '79 Triumph Bonneville

Hemi4268	17 Jun 2004 19:48
>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

Diode	17 Jun 2004 19:31
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. Signature Shut up, Dave. -\|>\|- Diode -\|<\|- '68 L-79 Coupe '79 Triumph Bonneville

Hemi4268	17 Jun 2004 16:36
>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

Tom in Missouri

17 Jun 2004 05:21

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.

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