American Collectors Insurance question.

American Collectors sounds good from the other posts, but I use Grundy. I
have several cars/projects covered through them with a total stated value
of I think $46,000 & it costs me $457 per year for full coverage. They
must be stored inside, & not used for work transportation or errands. But
the mileage is unlimited. Works for me.
HTH,
~ Paul
aka "Tha Driver"

Giggle Cream - it makes dessert *funny*!

Grundy won't insure a Corvette newer than 1974 UNLESS you have several older
ones already insured with THEM.

And they are much higher than American Collector, but slightly less than
Haggerty (only slightly, like$5 on $100 less.)

But they do have no mileage limits defined by miles. Still, if you begin
racking up the miles, and can't show it is show or car club related, they
begin to wonder. Like if you do 10,000 miles but you only went to one show
75 miles away, and you are not in a car club that does weekend tours or
such, then they begin to think of that extra 9,925 miles as "errands" and
not in the Grundy way of thinking.

Their communications with you is poor, at least in the initial stages when
you are trying to get insurance.


"ThaDriver" > wrote in message
lkaboutautos.com...
> American Collectors sounds good from the other posts, but I use Grundy. I
> have several cars/projects covered through them with a total stated value
> of I think $46,000 & it costs me $457 per year for full coverage. They
> must be stored inside, & not used for work transportation or errands. But
> the mileage is unlimited. Works for me.
> HTH,
> ~ Paul
> aka "Tha Driver"
>
> Giggle Cream - it makes dessert *funny*!
>
>

Grundy won't insure a Corvette newer than 1974 UNLESS you have several older
ones already insured with THEM.

And they are much higher than American Collector, but slightly less than
Haggerty (only slightly, like$5 on $100 less.)

But they do have no mileage limits defined by miles. Still, if you begin
racking up the miles, and can't show it is show or car club related, they
begin to wonder. Like if you do 10,000 miles but you only went to one show
75 miles away, and you are not in a car club that does weekend tours or
such, then they begin to think of that extra 9,925 miles as "errands" and
not in the Grundy way of thinking.

Their communications with you is poor, at least in the initial stages when
you are trying to get insurance.


"ThaDriver" > wrote in message
lkaboutautos.com...
> American Collectors sounds good from the other posts, but I use Grundy. I
> have several cars/projects covered through them with a total stated value
> of I think $46,000 & it costs me $457 per year for full coverage. They
> must be stored inside, & not used for work transportation or errands. But
> the mileage is unlimited. Works for me.
> HTH,
> ~ Paul
> aka "Tha Driver"
>
> Giggle Cream - it makes dessert *funny*!
>
>

I passed up Haggerty years ago simply because of their answer to a
simple question I had asked....

I asked simply "am I covered IF I drove a car 75 miles one way to just
to say hello to my parents... sit on the porch a few hours and drive
home...

They answered NO I would not be covered... ???? To me this is driving
the car for pleasure to them it was NOT....

I just this week sent them a check for my renewal (5 Corvettes & a
Chevelle) and they give you ONE space to list your odometer reading...
To be honest I have left this space BLANK for the last 10 years
....and still had no problem with a claim about 5-6 years ago.... I
would feel a little better if they gave me 6 spaces... but they only
give you one...

2500 miles per year per car is not a problem... I onoly wish I could
max them all out... lol

Bob Griffiths




On Wed, 27 Oct 2004 14:42:13 GMT, "Tom in Missouri" >
wrote:

>Grundy won't insure a Corvette newer than 1974 UNLESS you have several older
>ones already insured with THEM.
>
>And they are much higher than American Collector, but slightly less than
>Haggerty (only slightly, like$5 on $100 less.)
>
>But they do have no mileage limits defined by miles. Still, if you begin
>racking up the miles, and can't show it is show or car club related, they
>begin to wonder. Like if you do 10,000 miles but you only went to one show
>75 miles away, and you are not in a car club that does weekend tours or
>such, then they begin to think of that extra 9,925 miles as "errands" and
>not in the Grundy way of thinking.
>
>Their communications with you is poor, at least in the initial stages when
>you are trying to get insurance.

I passed up Haggerty years ago simply because of their answer to a
simple question I had asked....

I asked simply "am I covered IF I drove a car 75 miles one way to just
to say hello to my parents... sit on the porch a few hours and drive
home...

They answered NO I would not be covered... ???? To me this is driving
the car for pleasure to them it was NOT....

I just this week sent them a check for my renewal (5 Corvettes & a
Chevelle) and they give you ONE space to list your odometer reading...
To be honest I have left this space BLANK for the last 10 years
....and still had no problem with a claim about 5-6 years ago.... I
would feel a little better if they gave me 6 spaces... but they only
give you one...

2500 miles per year per car is not a problem... I onoly wish I could
max them all out... lol

Bob Griffiths




On Wed, 27 Oct 2004 14:42:13 GMT, "Tom in Missouri" >
wrote:

>Grundy won't insure a Corvette newer than 1974 UNLESS you have several older
>ones already insured with THEM.
>
>And they are much higher than American Collector, but slightly less than
>Haggerty (only slightly, like$5 on $100 less.)
>
>But they do have no mileage limits defined by miles. Still, if you begin
>racking up the miles, and can't show it is show or car club related, they
>begin to wonder. Like if you do 10,000 miles but you only went to one show
>75 miles away, and you are not in a car club that does weekend tours or
>such, then they begin to think of that extra 9,925 miles as "errands" and
>not in the Grundy way of thinking.
>
>Their communications with you is poor, at least in the initial stages when
>you are trying to get insurance.

>Grundy won't insure a Corvette newer than 1974 UNLESS you have several
older
ones already insured with THEM.

>And they are much higher than American Collector, but slightly less than
Haggerty (only slightly, like$5 on $100 less.)

>But they do have no mileage limits defined by miles. Still, if you
begin
racking up the miles, and can't show it is show or car club related, they
begin to wonder. Like if you do 10,000 miles but you only went to one
show
75 miles away, and you are not in a car club that does weekend tours or
such, then they begin to think of that extra 9,925 miles as "errands" and
not in the Grundy way of thinking.

>Their communications with you is poor, at least in the initial stages
when
you are trying to get insurance.
***********
I didn't have that problem. I called & they were great & answered all my
questions. They even sent me my cards via email. I have several cars so I
don't rack up that many miles on any one car. (but I do drive them for
pleasure as far as I like ;-) Hummm... they didn't even ask for odmeter
readings...
~ Paul
aka "Tha Driver"

Giggle Cream - it makes dessert *funny*!

>Grundy won't insure a Corvette newer than 1974 UNLESS you have several
older
ones already insured with THEM.

>And they are much higher than American Collector, but slightly less than
Haggerty (only slightly, like$5 on $100 less.)

>But they do have no mileage limits defined by miles. Still, if you
begin
racking up the miles, and can't show it is show or car club related, they
begin to wonder. Like if you do 10,000 miles but you only went to one
show
75 miles away, and you are not in a car club that does weekend tours or
such, then they begin to think of that extra 9,925 miles as "errands" and
not in the Grundy way of thinking.

>Their communications with you is poor, at least in the initial stages
when
you are trying to get insurance.
***********
I didn't have that problem. I called & they were great & answered all my
questions. They even sent me my cards via email. I have several cars so I
don't rack up that many miles on any one car. (but I do drive them for
pleasure as far as I like ;-) Hummm... they didn't even ask for odmeter
readings...
~ Paul
aka "Tha Driver"

Giggle Cream - it makes dessert *funny*!

In article >,
RicSeyler > wrote:

> There is another phrase you have to be very aware of besides Stated
> and Replacement.

What are the pros and cons of stated vs. replacement. (Am. Collectors
uses stated values as I understand it - I state it, they agree and
insure it for that amount.)
Here's waving to ya - \||||

Owen
___

'67BB & '72BB
___

"To know the world intimately is the beginning of caring."
-- Ann Hayman Zwinger

In article >,
RicSeyler > wrote:

> There is another phrase you have to be very aware of besides Stated
> and Replacement.

What are the pros and cons of stated vs. replacement. (Am. Collectors
uses stated values as I understand it - I state it, they agree and
insure it for that amount.)
Here's waving to ya - \||||

Owen
___

'67BB & '72BB
___

"To know the world intimately is the beginning of caring."
-- Ann Hayman Zwinger

There a
Replacement value
Agreed Value
Stated Value

what they mean is this:

Replacement value - they will give you whatever price is the replacement
cost. However, they seek replacements by checking the local market and
taking an average with some companies and the lowest price with outs. So if
you total your mint 35,000 mile restored 1970 LT1 convertible, and they find
someone advertising a 1970 convertible for $8000, guess what you get.

Agreed Value - They agree to a value and base the charges to you on this
amount. When the car is totaled, they then pay a figure that often is less
than what your car is worth. I'm not clear if this is due to them doing
magic with replacement cost, market value, and agreed value and averaging to
get a number, which I think is what some do, or if it is due to the price
does not change with the market. For example, if you insured your NOM 1964
convertible for $25,000 3 years ago ( a very good price for you), it is now
about $5000 or more below what you need to replace your car, but you agreed
to $25,000.

Stated Value - You say your car is worth $30,000, you pay rates based on
$30,000, and if totaled, you get $30,000. Cut and dried.



"Barking Rats" > wrote in message
news
> In article >,
> RicSeyler > wrote:
>
> > There is another phrase you have to be very aware of besides Stated
> > and Replacement.
>
> What are the pros and cons of stated vs. replacement. (Am. Collectors
> uses stated values as I understand it - I state it, they agree and
> insure it for that amount.)
> Here's waving to ya - \||||
>
> Owen
> ___
>
> '67BB & '72BB
> ___
>
> "To know the world intimately is the beginning of caring."
> -- Ann Hayman Zwinger