Classic Car Insurance Companies - experience?
08-09-2018 | 11:08 AM
#1
Thread Starter
Rennlist Member
Joined: Dec 2004
Posts: 3,412
Likes: 470
From: West Chester, PA
Classic Car Insurance Companies - experience?
I'm considering changing insurance companies for my '74 and '97 BMW's, both on a Classic policy. The '97 was struck by a box truck while stationary at a curb in May. Front fender, entire front bumper and many parts behind it needed to be replaced, along with paint for those.
My current insurer promptly accepted my claim and paid ~70% of the insured value of the car for repair costs (would have paid full insured value, but that would have totaled the car!). Unfortunately, the adjuster accepted the trucker's statement that our car had hit his truck! No damage to the truck. The picture evidence I forwarded, along with the professional opinion of the high end shop manager where the car was repaired were totally ignored. They claimed it was a 'he said/he said' incident and there was no witness. So, I paid about 3X my deductible for the repair work.. Not sure I want to be sending my $$ to a company that ignores evidence and professional opinions!
So, I'm investigating other Classic insurers (Hagerty, Heacock, Grundy), and find premiums running from 1X to 2X what I now pay for the two cars. Before deciding where to insure these cars, I'd appreciate feedback from any who have insurance with these or other companies. It would also be helpful if you've also had a claim, and to know how it was handled. Thank you for any counsel, greatly appreciated.
Gary Knox
928 OC charter member
Per request: American Collectors Insurance
My current insurer promptly accepted my claim and paid ~70% of the insured value of the car for repair costs (would have paid full insured value, but that would have totaled the car!). Unfortunately, the adjuster accepted the trucker's statement that our car had hit his truck! No damage to the truck. The picture evidence I forwarded, along with the professional opinion of the high end shop manager where the car was repaired were totally ignored. They claimed it was a 'he said/he said' incident and there was no witness. So, I paid about 3X my deductible for the repair work.. Not sure I want to be sending my $$ to a company that ignores evidence and professional opinions!
So, I'm investigating other Classic insurers (Hagerty, Heacock, Grundy), and find premiums running from 1X to 2X what I now pay for the two cars. Before deciding where to insure these cars, I'd appreciate feedback from any who have insurance with these or other companies. It would also be helpful if you've also had a claim, and to know how it was handled. Thank you for any counsel, greatly appreciated.
Gary Knox
928 OC charter member
Per request: American Collectors Insurance
Last edited by Gary Knox; 08-09-2018 at 03:32 PM.
08-09-2018 | 12:12 PM
#2
Rennlist Member
Joined: Jan 2015
Posts: 3,019
Likes: 198
From: Near Mushroom Capital of the World
Good morning Gary!
Glad to hear you're back in shape and recovering nicely. I miss you on this forum.
What insurance company are you using now?
I have not had any claims yet for National Corvette Museum (fingers crossed!), but I would also like to hear what others' experiences are from claims submissions.
Let me know if you want to get together and I will bring my 928!
-Hoi
Glad to hear you're back in shape and recovering nicely. I miss you on this forum.
What insurance company are you using now?
I have not had any claims yet for National Corvette Museum (fingers crossed!), but I would also like to hear what others' experiences are from claims submissions.
Let me know if you want to get together and I will bring my 928!
-Hoi
