I've had Grundy worldwide for over 20 Years but have never had to file a claim. I pay around $250 a year
classic car insurance coverage
- Thread starter fastNYsix
- Start date
- Status
By law, insurers are required to pay ACV in the event of a total loss. (Actual Cash Value). How they arrive at that value is part NADA, part comps, part black magic. It will be up to you to provide proof of value above their valuation.
Avoid stated value, you want agreed value.
FWIW, I collected $1600 on my wagon hail claim on a "regular" insurance policy, and it's far from pristine. I mention this to show that not every estimator assumes these are $500 cars.
Avoid stated value, you want agreed value.
FWIW, I collected $1600 on my wagon hail claim on a "regular" insurance policy, and it's far from pristine. I mention this to show that not every estimator assumes these are $500 cars.
Check with Grudy's website. I think they do Agreed Value Daily Driver insurance as well now.
I have mine under the no daily driver policy. It's $188 a year for agreed $23,500 total loss. Even if the daily is three or four times that, it's a good deal for agreed value.
Agreed value is the key as previously stated.
Hutch
I have mine under the no daily driver policy. It's $188 a year for agreed $23,500 total loss. Even if the daily is three or four times that, it's a good deal for agreed value.
Agreed value is the key as previously stated.
Hutch
I think you're talking about this:
Motor Vehicle Program (MVP) - Grundy Insurance
Insurance for Collector & Classic cars, daily drivers, exotics and more all under one policy. Fill out our simple form to receive your Free quote today!
www.grundy.com
And don't trust an adjuster who's missing more than a finger on each hand.
Thanks, Do they ask for mileage occasionally? I don't commute mine, but drive it almost daily in the summer. Then parked for 5 months.
Grundy's does not. They expect you to drive it occasionally without regard to mileage. They don't check. Can occasionally drive it to work to show off your car, they state.
They've never asked me about mileage ever except at the onset of coverage for the pre-evaluation. They wanted pictures from all sides of the car initially. The only requirement that you have another car as a daily driver and when not in use, keep your collector car in a secured garage. They'll even insure your replacement parts if you live someplace they offer that coverage.
Cool thanks. So do you have all your cars with them or just the classics? I see they offer home owners, motorcycles, etc.. The good thing about state farm is the withdrawal from use. For those of us that can't drive year round, We can withdrawal the vehicle from use for winter and still keep plates on it. They give you a reduced rate while it's in storage. And still have comp on it.
Last edited:
- Status
