355 355 Insurance check

I just recalled this and I'm sure there are many members here that could confirm or deny this... but I recall one of my buddies saying that as an agent they are internally rated by whatever umbrella (company) they represent and if they have a history of good ratings and writing good policies they are offered more products and option. Obviously if the history is not so great with a long chain of claims and payouts they wont have as many options from the mother ship so in some ways the individual agent may shy away from certain areas, people or things in order to keep their internal number/rating up.

 

thats perfect!

 

I will add my .02

As someone who deals with all of these companies on the claim side, it is not about what you pay or save in premiums, it is about what they pay out during a loss. Unfortunately a lot of the companies mentioned above, have very poor claims handling and payout records. Most of ya’ll, fortunately have not filed claims or suffered losses and had to deal with the process of some of the largest companies. It is starting to get exponentially worse and most of those companies have had record profits.

I buy my insurance in the anticipation that I will have a claim. That the $1000 I saved annually will really bite me in the a$$ if and when I have a claim. Family of 4, 15 cars, 2 collectibles. I pay a lot and I pay it knowing a payout will be 100% in my favor. American Collectors Stated Value - always pays and then some. Germania for home and cars. I recommended Chubb, Pure, Nationwide Private Client and the Hartford if you qualify - age, value of primary residence are biggest factors.

All the other guys have become basic $hi? and screw even the longest clients without additional legal involvement (cost) and/or Public adjusters. I see it on Honda’s, to Ferraris to everything in between.

I wish everyone the best, but I would read up on claims experiences, contact a state public adjuster and ask who is the best to work with and when it comes to Hagerty, Grundy American Collectors, et al, I would see who has the least complaints. I do know Grundy Pays and pays well. Harder to get, but better to have.

Just my .02 from the land of claims hell.


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Good to know Grundy pays well .

 

With regard to payouts I think that is dependent on state laws. In know from experience that in CT the state is very active in assuring that payouts are consistent because they don't want insurance companies tying up the courts when company A pays their client XX for the lost and then has to collect from the company who covered the person at fault and thinks the claim is only worth YY.

 

carnut, where can i lookup the reviews your looking at to determine if my company is crap? is usaa on the list?

 

Grundy had my black 355 at $1100/year. That's before I put it as non-operational and took it off insurance as it was due to for an engine out and I needed time to plan what route I wanted to take with the car (headers, valve guides, etc...). I'm thinking I had it around $75k at the time. This was years ago.

I should be calling Grundy's soon for the my red 355.

 

Now the million dollar question is, what’s the agreed value ? $250k ?? $355k?? @johnk...

 

Well, they - Ins - are not easy


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$60k.

Actually, from people I have talked to, you tell the agent what you want the agreed value to be and if it's acceptable he will tell you the rate. They will probably ask for pictures documenting the condition of the car.

 

Does anyone know anything regarding windshield insurance? I think it's like $10/month or something for a standard car. Anyone ever try to replace their delaminating windshields under a windshield policy? Could come in handy as I am sure it will cost a couple grand to get it done professionally.

 

Generally limited to impact damage only.


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As in rock chips? Should be easy. Just drive faster .

 

Just checked my old policy. Had the 355 at agreed value of $100k in 2015.

 

Just got off the phone with Grundy. 1995 F355 Berlinetta (The guy asked what variation). $100k "agreed" value. $639/year. Windshield rock chip protection built into the policy . Rates have come down quite a bit. I know I was paying $1100/year in 2015 for pretty much the same policy and identical car.

I also asked if there were any rate advantages if car registers with historic plates. He said no difference.

Readers should keep in mind Grundy does have driving restrictions.

 

I'm gonna call and check tomorrow for $150k agreed value and see what they say.

 

The company that holds all my primary car policies agreed value was simply based on purchase price. If I wanted to insure for more they would require appraisal.

 

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Nice! Should I wait until after they sponsor for an Fchat discount ?