[KGTO]

I had a quote a few years ago from Hagerty, didn't switch and finally decided I should. I requested 135k (67 GTO, number matching, frame off restomod). Sent in some pics, answered some questions. The agent went to finalize, Hag says they need more pictures and more info.

Sent them more, they wanted more. Agent says it's likely the amount requested. I said, drop it to 100k then (after countless requests, questions, etc.) Asks for receipts, purchases, etc. I sent him a picture of two binders of receipts, and told him I had a third too.

Then agent says they want a modified form filled out. I'm pretty pissed at this point. Fill out the form and submit. They come back and approve it at 85k.

I call Hagerty and they say, sorry that's what underwriting approved. I ask if having it appraised would help. Nope.

I see they went public 3 years ago, maybe they tightened? I have friends with them who are happy, a few with $100k+ cars who didn't go with any of this BS, but they have been with them for years.

Do I bit the bullet and accept the 85k, or keep shopping? Grundy doesn't seem like a good choice, I see others have had good luck with American Collectors, but overall everyone likes Hagerty the best.

Just looking for feedback

Thanks

[73ta]

I use State Farm. Agreed Value. Had to have it appraised. Covered for $117,000. Cost about $560 a year. Had a claim in with it, went very smooth.

[KGTO]

Interesting. Thank you....one of my friends has his C10 with State Farm, but they write it under Hagerty.

[Mr Twister]

We recently had a good discussion about Open Road Insurance. Maybe research them.

[Trulyvintage]

You mentioned “ agent “ …
Are you dealing directly with
Hagerty Insurance ?
If not, call them directly …
@ https://www.hagerty.com/lp/classic-c...SAAEgJSpvD_BwE

Jim

[KGTO]

Yes, I was working through local agent. After I received the 85k cap, I called Hagerty directly. Got nowhere.

[vertigto]

I have Grundy agreed value at $100K. Why don't you think they are a good choice??

[sdbob]

I had insured my car for a certain amount. They sent me a letter saying to increase the value to 100k minimum last winter.

[KGTO]

Originally Posted by vertigto

I have Grundy agreed value at $100K. Why don't you think they are a good choice??

I'm told they are picky about the use of the car. If it isn't in a parade, or show. Hagerty, apparently, has more flexibility in the use of the car.

[KGTO]

Originally Posted by Mr Twister

We recently had a good discussion about Open Road Insurance. Maybe research them.

Not available in ID/MT yet...

[bdk1976]

Originally Posted by KGTO

I see they went public 3 years ago, maybe they tightened?

This is why I discount any Hagerty reviews or anecdotes over a couple of years old when insurance threads come up. Hagerty 'treating you right' 10 years ago means nothing now - this situation usually means running the brand into the ground in the name of short term profits.

[72projectbird]

I have all my old stuff thru them, and I've never had an issue getting the value I want. I just upped the insurance on the 70TA to 100k over the phone, and they didn't even blink. They were actually asking if I wanted to go higher lol

I'm guessing it's the restomod aspect that's throwing them off. Sometimes insurance companies get all screwy when they have to value a modified car. It's got to the point where I just tell them everything is stock, as any stated modifications is like speaking Chinese to them.

[hojs69]

I switched from Hagerty last year to American Collectors. Agreed price is now higher and annual rate much cheaper. No claims on either.

[KGTO]

Originally Posted by 72projectbird

I have all my old stuff thru them, and I've never had an issue getting the value I want. I just upped the insurance on the 70TA to 100k over the phone, and they didn't even blink. They were actually asking if I wanted to go higher lol

I'm guessing it's the restomod aspect that's throwing them off. Sometimes insurance companies get all screwy when they have to value a modified car. It's got to the point where I just tell them everything is stock, as any stated modifications is like speaking Chinese to them.

👆This makes sense, I think that may be it. One of my friends has a beautiful 68 Camaro that is very much pro touring LS swap. He told me he never went into full detail, they didn't ask much. His is 100k . So maybe I screwed the pooch.

[67Lemons]

I switched from Hagerty to NCM, no claims with either but upped my coverage with NCM and saved $300

https://ncminsurance.com/

[tooski]

Originally Posted by 73ta

I use State Farm. Agreed Value. Had to have it appraised. Covered for $117,000. Cost about $560 a year. Had a claim in with it, went very smooth.

My AZ house and daily driver is with State Farm. I have a Chevy II with Hagerty. I wanted to cover my Chevy II with State Farm so I could suspend road coverage for the six months I am not there, like I do with the daily driver. State Farm would not do it because it's a classic/collector. They referred me to Hagerty who does not do seasonal suspension. At any rate Hagerty wanted very little info, no pictures. Agreed value of$25,000 cost me $600/year. BIG difference from the $117k for less.

[Redpiston]

I had Hagerty and switched to Grundy 7 years ago. I found Hagerty had more restrictions on driving. Also I just upped my agreed value when I renewed this year.

[vertigto]

Originally Posted by KGTO

I'm told they are picky about the use of the car. If it isn't in a parade, or show. Hagerty, apparently, has more flexibility in the use of the car.

Not true.

https://www.grundy.com/classic-cars/


How Can I Use My Car?

Grundy wants you to enjoy your car, not keep track of mileage like some programs with limitations. Therefore, we give you unlimited miles for pleasure driving and in collector car-oriented activities. It is even OK if occasionally you drive your collector car to work to show it off to friends. However, your collector car must not be used as a daily driver. We require you and all licensed drivers in your household to have a modern car for everyday use.

When you have your car at home, it must be kept in an enclosed, secure garage when not in use. If you are away from home on extended outings your car is fully protected if you must park it outside, for example in a hotel parking lot. Grundy coverage includes Trip Interruption that reimburses you for hotel and repair costs in the event of a breakdown, and we also reimburse you for towing and labor charges up to $250. You can count on Grundy as you cruise.

[KGTO]

Originally Posted by vertigto

Not true.

https://www.grundy.com/classic-cars/


How Can I Use My Car?

Grundy wants you to enjoy your car, not keep track of mileage like some programs with limitations. Therefore, we give you unlimited miles for pleasure driving and in collector car-oriented activities. It is even OK if occasionally you drive your collector car to work to show it off to friends. However, your collector car must not be used as a daily driver. We require you and all licensed drivers in your household to have a modern car for everyday use.

When you have your car at home, it must be kept in an enclosed, secure garage when not in use. If you are away from home on extended outings your car is fully protected if you must park it outside, for example in a hotel parking lot. Grundy coverage includes Trip Interruption that reimburses you for hotel and repair costs in the event of a breakdown, and we also reimburse you for towing and labor charges up to $250. You can count on Grundy as you cruise.

Thanks, do you deal with them direct or go through a local agent?

[Verdoro 68]

I used Hagerty's own online estimator tool for my Comp T/A and they initially denied coverage at that amount. I went through a local rep and he got it figured out. No issue with the GTO since I had appraisal documentation.