Classic Insurance Craziness

Discussion in 'The BS Topic' started by Adams, Aug 18, 2014.

  1. Adams

    Adams Veteran Member Lifetime Gold Member

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    I just bought a 2015 Z28 to add to my collection. Had to shop insurance and it just about drove me crazy.
    Been with Hagerty with my 4 older classics for 15 years. They will insure the new Z28 but they were pretty expensive so I shopped around.
    My summary -
    Hagerty: expensive, A+ rated underwriter, you talk to knowledgeable people, they answer the phone and respond to email
    Heacock: best prices, C- rated underwriter (buyer beware!), you talk to knowledgeable people, they answer the phone
    Grundy: moderate price, A+ rated underwriter, expect long phone hold-times, when they do answer the people seem clueless about insurance items as well as car specifics
    Leland-West: only Heacock was lower price, A+ rated underwriter, they answer the phone but you will be on-hold, the people just don't seem to know too much outside of their specific cookbook.

    Will stick with Hagerty and pay more but get more including peace of mind. Wish Heacock had a different underwriter.
     
  2. sal70ss

    sal70ss Veteran Member

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    Hagerty here to. Now let's see some pictures of that bad boy Z28!!!
     
  3. ls777z

    ls777z Veteran Member

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    Why wouldn't you go through your regular insurance for coverage ?
     
  4. David79Z28

    David79Z28 Veteran Member Lifetime Gold Member

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    I have Hagerty as well and recently had to file a claim.

    They were great. Very fast response. Their original estimate was too low. Once I provided the body shops estimate, they cut me another check quickly.
     
  5. 69LM1

    69LM1 Veteran Member Lifetime Gold Member

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  6. 73Camaro383

    73Camaro383 Veteran Member Lifetime Gold Member

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    I only insure classics with classic car insurance. Regular cars with my normal insurance.
     
  7. sprink

    sprink Veteran Member

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    I've read- No pics, it didn't happen!!!!
    Show us that bad boy.
     
  8. 74marolt

    74marolt Veteran Member

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    Yep.
     
  9. BonzoHansen

    BonzoHansen Administrator Lifetime Gold Member

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    I'm assuming it is not a daily driver and is being treated as a collectible by the op. Collectors coverage protects the owner for loss, probably for less $$, than normal insurance.

    Agreed vs stated value....
     
  10. 69LM1

    69LM1 Veteran Member Lifetime Gold Member

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    And usually has some milage limits based on the level of driving, I know my Boss 302 did when I had it.

    Track day insurance was not covered ($300/day) and seemed like it was worth it, although I never wrecked the Boss so don't know how well they cover for that event.

    More than likely you wont be driving a new Z as a daily driver anyway, so I would look into the specialty lines of coverage that matches what you want to do with the Z.

    Oh, and.....

    [​IMG]

    :)

    Rich
     

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