Anyone here use Hagerty or Grundy collector car insurnace? I've heard good things about both. Grundy also now insures daily drivers too.
Absolutely, as long as you have another car to daily drive and keep the Mustang in the garage. You can use the Mustang only for shows or pleasure driving, no errands or general use and defintely no driving it to work, can probably go to dinner but that's about it. A weekend out of town probably ok too. Discuss with them and read your policy carefully as these types of policies have restrictions that vary with different insurers.I have a Mustang Bullitt thats almost 20 years old with only 7800 miles on it. Will Hagerty insure it as a classic car for it's appraised value?
Absolutely, as long as you have another car to daily drive and keep the Mustang in the garage. You can use the Mustang only for shows or pleasure driving, no errands or general use and defintely no driving it to work, can probably go to dinner but that's about it. A weekend out of town probably ok too. Discuss with them and read your policy carefully as these types of policies have restrictions that vary with different insurers.
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Most collector car insurance policyholders maintain a special/collector vehicle policy to legally and financially protect the vehicle for limited use on public roadways. These are stand-alone policies, not policies in addition to regular policies for the purpose of reaching a specified replacement value. An agreed value accounts for the vehicle's replacement based on the collectibility and market value, not simply what the adjuster determines from general sources such as KBB. A homeowner's insurance policy will cover the house and household possessions within, but not necessarily vehicles within the structure (policy terms vary among the insurance companies). Anyone assuming their homeowner policy will cover their vehicle should carefully read the full contract for exclusion and coverage limitations. While the vehicle may be covered in the event the house (and contents) are a combined loss, it likely won't be covered if the vehicle is stolen from the garage. With a collector car policy, the vehicle may be operated on a limited basis (with conditions) at a reduced premium with mutually understanding of the replacement value from the day the policy takes effect. In addition, collector car insurers may offer services specific to the collector vehicle, such as vehicle valuation, parts location, and specialized repair service location assistance during the claims process.
It does make sense when the vehicle is a collector vehicle and its use already in line with collector car insurance terms of agreement. I doubt anyone with such a policy is limiting their Challenger's use or purchasing additional vehicles simply to meet the terms of agreement; they likely operate the vehicle infrequently and have a separate vehicle for routine use such as I. For my situation, a collector vehicle policy is ideal (and cheaper). The vehicle is simply a pleasure and collector (not investment) vehicle operated 1-4 times per month with the intent of keeping it within my family during the remainder my lifetime. The agreed value is merely a plus and ensures the vehicle and money invested in modifications are adequately protected from loss and depreciation if a claim is warranted.I guess point was for an expensive collectors car I get it, something that's rare and worth 100k, it sort of makes sense for those that choose to see that vehicle as an investment and really not something to drive. But for the average late model car worth 20-40k, really? I'm going to limit my driving to in essence put collectors insurance on a 35k car, that's nuts. sorry.
Though we prefer that collector vehicles are stored in an enclosed, secure structure when not in use — such as a private garage, pole barn or storage unit — we will consider other storage types, including*:
Car hauling trailers