Insurance Question

Discussion in 'Tips 'n' Tricks Topic' started by Robert M Mrozek, Sep 1, 2019.

  1. Robert M Mrozek

    Robert M Mrozek Veteran Member

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    I have 1970 Camaro currently insured with Hagerty for $20K replacement and cost is $481/year with historical plates. I checked Grundy and for similar coverage it is $204/year. So I am looking to switch to Grundy. But when I was filling out the application I noticed a pull down menu that gave options for (a) stock, (b) hot rod, (c) custom/modified, and (d) ??. I tried (c)custom since my car has over bored engine, headers, B&M shifter and many other custom items and the Grundy quote jumped to $380. So for (a) stock it is $204/year. My question to the forum is if you've experienced this, have any advice, do those typical bolt on upgrades still qualify me as stock, other? I looked at forums for advice but cannot find any on this specific topic. Wondering if Hagerty assumed hot rod or custom when they first quoted me and that is why I am paying $481. Thanks in advance.
     
  2. DrPepper

    DrPepper Veteran Member

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    When I set my replacement value w/ Grundy, I included all the upgrades I made to the car. Mine is classified as custom. I didn't fill out an on-line form, I talked w/ an agent. But I just said it was custom and gave him the value I wanted to insure for. They were cool w/ that and I got my coverage for about $210 yearly.
    Hope that helps.
     
  3. grzewnicki

    grzewnicki Veteran Member Lifetime Gold Member

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    You can check with American Modern also.
     
  4. xten

    xten Veteran Member

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    I'm with American Collectors. Called them last month and told them I wanted to up the coverage to 35K. They asked why, I told them paint, interior, M21 Vintage Air and 12 bolt since value was set. Never asked anything, just said OK. Full coverage, tort etc. Still well under $300.
     
  5. Robert M Mrozek

    Robert M Mrozek Veteran Member

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    Thanks for advice. Will call Grundy. I am not surprised that the online quoting process might be a bit conservative. A phone call is better.
     
  6. Robert M Mrozek

    Robert M Mrozek Veteran Member

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    I will check out American Collectors. Thanks for tip!
     
  7. Bandit723

    Bandit723 Veteran Member

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    I use berkley classics insurance don't have any issue with them. 20K of coverage only costs me $205 a year.
     
  8. tom3

    tom3 Veteran Member

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    Do these policies have the required liability coverage?
     
  9. Bandit723

    Bandit723 Veteran Member

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  10. xten

    xten Veteran Member

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    Yes. It even has flatbed reimbursement. And if you prepaid for a show and broke down and didn't make it to the show, that's reimbursed too.
     

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