Grundy Application declined. What next?

[CaliWagon83]

I insured my 78 Trans Am with them.. same place, same conditions..



Checked them out, You have to click.

I agree that my vehicle(s) will be used mainly in exhibitions, club activities, parades and other functions of public interest and will not be used primarily for the transportation of passengers or goods.

Doesn't apply to me.

-Gonz

Sounds similar to the Grundy terms. Supposedly they offer a more “recreational use” type policy, but that was never offered to me. Seems like poor marketing/training if the company offers a more suitable product, but it’s not offered in response to the customer’s inquiry.

 

[Gonzo1970]

The more I look, the more I am seeing that everyone is requiring garages, limited drivability, etc.

I guess I will stick with my mainstream insurance. Maybe get an appraisal on it and file it with them.

I am not worried about the cost, I am worried about the coverage.

-Gonz

 

[TURNA]

MAINLY not SOLELY

HUGE difference

 

[TURNA]

If you are worried about the coverage then have your car appraised.

Once you have the appraisal the insurance will set a rate and coveraged based off of it

 

[Dadio]

I'ved used American Collectors for several years. They seem to be reasonable. I've never made a claim with them so I don't know how that would go. I use collector plates on my cars and pay $93 / year for a 72 El Camino full coverage and $122 for a 1961 Buick Lesabre full coverage. I've found they want you to have a garage to store it in. I don't have coverage on my 1980 Pontiac Lemans wagon because I'm working on it more than driving it right now.

 

[pontiacgp]

It's good to have adequate insurance for the vehicle but make sure you still have good coverage in case of injury, the $64k my insurance paid for my therapy last accident I had added up pretty quick

 

[Ribbedroof]

"Regular" insurance is written as Actual Cash Value. The trick is determining the ACV. A lot easier for the GN guys, as there are a lot of them out there and on the market, with easily found examples of nice ones to use as examples of value. Lot tougher if you have something like Cali's wagon, a pristine 78 Malibu, or pretty much anything outside the "mainstream" collectibles because there are so few comparable vehicles to refer to.

If you want more than NADA in the event of a total loss, and are using a "regular" insurer, you NEED to get an appraisal from a recognized / reputable appraiser (preferably state-licensed and understands specialty cars), and follow it up with an agreed value policy that will pay the specified value in the event of a total loss.

There are policies that are sometimes referred to as stated value, which means they will pay the ACV UP TO the stated amount.

Also need to read the policy, and review it each renewal period. I have heard of policies that had a feature that depreciated the value each year, possibly leaving you short in the event of a total loss several years down the road.

I get that for lots of people, these specialty insurers are a good resource, especially folks that mainly show them, but dangit, i like to drive mine as much as I can

 

[fleming442]

I have liability only on the Pig, and an agreed through Hagerty on the 67. I'm also of the opinion, that if anything happens, I'm fixing it myself and not making a claim.

 

[roger1]

There are 2 Grundy companies and they are independent of each other.
Grundy Worldwide and Grundy Insurance.
When stating good or bad about Grundy, it's important to say which one.

I have nothing but good to say about Grundy Worldwide so far. They even insured my Bel Air when it was under construction. Only made one small claim (towing) but they paid quickly with no questions asked.

All 4 of the cars listed below are on my Grundy Worldwide policy.

 

[CaliWagon83]

There are 2 Grundy companies and they are independent of each other.
Grundy Worldwide and Grundy Insurance.
When stating good or bad about Grundy, it's important to say which one.

I’m just puzzled that at no point in the process did they suggest “contact our sister company” etc. Just “your vehicle does not meet our eligibility requirements.”