dgoldenz

I didn’t bother to ask since I don’t have 3 cars and probably never will. Their website doesn’t make it sound like there’s driving restrictions like some of the others but the policy details are key. They may have restrictions on cars valued over a certain amount.

dgoldenz

Hagerty specifically told me they don’t allow more than 2500 miles per year for exotics and usage is restricted to collector car activities. What does your policy details state about usage for daily activities?

achenator

Although we do have another car for every driver in my home too. there are more cars than drivers and it can be proven it's not anyone's PRIMARY vehicle.

dgoldenz

That is the same type of language I have seen in all of the policies I've looked at. Ask them what happens if someone hits your car in a grocery store parking lot.

achenator

So which is it? one point you say the most important is what's in writing and then next you say it's what they tell you is more important. I would think that ANY of this type of policy would have similar language. My policy doesn't say "NOT EVER" it says "PRIMARY". If you're so worried about it call the gecko. Do you have more cars than drivers in your household? To me, and from talking-to them, that's what they consider most important

dgoldenz

I live by myself, no other drivers here, one daily driver plus the FF (which may become one). What's in writing in your policy alludes to the fact that they can deny a claim if the car has an accident in any place that is not "point A to point A" driving. I have my insurance with the gecko right now, couldn't find any policies even close to the price they have. GEICO $150/mo for FF with max coverage limits and $1k deductible, every other company was at least double the price, some were 3-4x the price. GEICO has no usage or mileage restrictions, but they pay actual cash value in the event of a totaled car. I'm looking for an agreed value policy without any of these limitations as it is simply not worth the risk of a denied claim for a car I plan to drive a lot (unlimited mileage warranty ftw). Haven't been able to find one yet.

GrantG

I have Classic instead of Exotic policy , if that matters

achenator

I didn't ask the specific grocery store question and maybe I will. They did express to me when I bought the policy that the having more cars was most important. That way you wouldn't be forced to take it out in inclement weather etc and generally put it at higher risk. Further in my policy it even states that it's covered "in transit to or from, in attendance at, or located at the lodging of the named insured during over night exhibitions, shows club activities, leisure pleasure drives, parades" . We all accept different levels of risk and i'll take mine with all the PRIMARY language. The even wanted proof of what my other vehicles were that they were modern so that I wasn't just insuring a ****box and going to drive their insured car most of the time.

ClassJ

The general rule is you need one daily driver on a normal insurance policy for each driver in the household. That pretty standard for every limited use policy I have seen.

dgoldenz

I have another DD. I’m not looking for limited use, I’m looking for agreed value with no usage restrictions. Apparently this doesn’t exist?

MWA1977

As I mentioned in another thread. I have One car (a 19’ RS) insured with Grundy, just one car. Never was an issue, nor was I told I needed three cars to insure with them. Haggerty and Chubb were my alternates. Only reason I didn’t choose them was because I got the coverage I needed from Grundy for $1000-$1500 cheaper. If I were to insure 2 or more exotics/collectors, Haggerty was the clear winner as the price was significantly cheaper based on my intended uses of the vehicles. The 3 insurers above had “agreed value quotes” that ranged from $3-4800 a year. I am 43 and live in the highest per capita county of MVC in the state of Texas. I have 3 other ”daily’s” that are insured with a run of the mill carrier.

I don’t think you are going to find an “agreed value policy” that has ZERO restrictions. Talk about a high risk low reward for the insurance carrier. They are in it to make money. They would likely charge an astronomical price for something like that. Plus, give the increased risk of daily use, no restrictions, increased mileage, wear and tear on your vehicle, I would think your “agreed value” would have to be re-evaluated quarterly or semi-annually.

“Perceived risk” requires a price......

shapiroeric

correct I do. I guess I just glossed it over when they wrote the policy. I had 2 cars with them and 2 others with BH. They wanted to restrict to 2500 miles and I got 4,000.

^^^MWA. He's not saying you need to insure 3 cars with Grundy, you don't. You just need to have 2 other vehicles

991carreradriver

I have a traditional insurance policy for the GT3, which has agreed value with a $1,500 deductible and a rider that covers it for HPDE use on a race track.

Jrtaylor9

Certain Hagerty policies; I have a different policy than the one you are referencing. But they do have different policies. I never got what I wanted when I called Hagerty direct. But my broker introduced me to a policy there that does not have the restrictions you mention.

dgoldenz

The person I spoke with at Hagerty said they generally aren't too keen on exotics because of the high repair costs for damaged parts. What car(s) do you have with them and which policy did you end up with? I wasn't able to get anywhere with them.

​​​​​​​What company were you able to find that with? That's what I am looking for.