Insurance Question
Thread Starter
Instructor
Joined: Jul 2005
Posts: 124
Likes: 0
Insurance Question
Hi
I'm looking for insurance for my new '78 vette.
I called Grundy, and they said that they cannot insure just one car, that I would have to insure two. Has anyone else here been told that? Sounds weird to me.
I called Hagerty too, and they sound like the best with respect to the least usage restrictions. But also the most expensive (by over $100)
Thanks
PJ
I'm looking for insurance for my new '78 vette.
I called Grundy, and they said that they cannot insure just one car, that I would have to insure two. Has anyone else here been told that? Sounds weird to me.
I called Hagerty too, and they sound like the best with respect to the least usage restrictions. But also the most expensive (by over $100)
Thanks
PJ
Race Director
Joined: Sep 2002
Posts: 10,362
Likes: 5
From: San Diego - Deep Within The State of CONFUSION!
Hi
I'm looking for insurance for my new '78 vette.
I called Grundy, and they said that they cannot insure just one car, that I would have to insure two. Has anyone else here been told that? Sounds weird to me.
I called Hagerty too, and they sound like the best with respect to the least usage restrictions. But also the most expensive (by over $100)
Thanks
PJ
I'm looking for insurance for my new '78 vette.
I called Grundy, and they said that they cannot insure just one car, that I would have to insure two. Has anyone else here been told that? Sounds weird to me.
I called Hagerty too, and they sound like the best with respect to the least usage restrictions. But also the most expensive (by over $100)
Thanks
PJ
I just had the windshield replaced two months ago; it was very painless...and didn't cost me a penny.
Drifting
Joined: Jul 2005
Posts: 1,891
Likes: 2
From: Baltimore MD
I use State Farm - Agreed Value policy Agreed Value $31,000.00. NO RESTRICTIONS, Spare Parts autmatically insured. May seem expensive to some, $180.00 every six months = heck of a lot cheaper then what I was paying under normal insurance. 
Le Mans Master
Joined: Aug 2003
Posts: 7,720
Likes: 12
From: Chattanooga TN
I have Condon and Skelley (division of MetLife). They have mileage restrictions of 4000 mi/yr but do allow you to drive it to work and leave it unattended. Pretty sure all true Collector policies will force you to have a DD and the 'Vette for just limited use only.
Burning Brakes
Joined: Aug 2006
Posts: 1,155
Likes: 0
From: San Diego California
You may want to get a bid from AAA. I've had 3 vettes insured by them with no hassels and a fair price. I think they have a "collector" car policy as well as a regular auto policy.
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,116
From: Crossville TN
Are you sure you got the requirements right? I have only my Corvette covered by Hagerty...however, they require you to have at least one more car which you use as your regular transportation. I had my regular car insurance agent underwrite the Hagerty policy to satisfy those requirements. (I still just pay my reg. ins. carrier for the home buggy and pay Hagerty for the vette.)
Burning Brakes
Joined: Sep 2004
Posts: 1,117
Likes: 0
From: San Jose CA
I have never heard they had collector car insurance and I'm thinking to switch to other insurance company for collector coverage.
Are you sure they have it ?
Last edited by GroundPounder; Aug 31, 2007 at 04:56 AM.
Thread Starter
Instructor
Joined: Jul 2005
Posts: 124
Likes: 0
Are you sure you got the requirements right? I have only my Corvette covered by Hagerty...however, they require you to have at least one more car which you use as your regular transportation. I had my regular car insurance agent underwrite the Hagerty policy to satisfy those requirements. (I still just pay my reg. ins. carrier for the home buggy and pay Hagerty for the vette.)
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Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,116
From: Crossville TN
Your problem is your regular insurance agent. They just don't know the "ropes" in how to write it. You really need collector car or "hobby" car insurance on your vette...unless your regular insurance allows "agreed value" coverage on total loss. This means that you state what the value of your vette is and send in specific photos of your car; the insurance company reviews the photos (asks for more detail if they want to) and, hopefully, agrees with that value and writes the insurance policy. Many such policies require that most of your driving be related to the collector car purpose...car shows, car cruises, etc...and that you not drive more than so many miles per year. I keep a little log book of all my C3 miles just so I can prove how I've used the car.
Safety Car
Joined: Jan 2001
Posts: 4,660
Likes: 3
From: South Central Louisiana
St. Jude Contributor
Thats whats messed up. I too was told the same thing about the two car policy, when I called on the phone because no one had responded to my online quote request. Then, several days later I get a response by email mentioning nothing about the two car policy. I got my policy with Heacock Classic, they responded, gave a great quote and I had a policy in no time. They have a full page add in Corvette Fever this month. 