[Hotrodladycrusr]

I switched from Hagerty to Grundy many, many years ago and could not be happier. I've put over 114,000 miles on my car in the last 8 summers. I also have a daily driver. Grundy knows I put an unusally high amount of miles on my car because I drive to alot of out of state car events. They still insure me as they do not have a mileage restriction.

Know your policy, no matter who you've got it with AND know the difference between Stated value (which is a daily driver policy) and an Agreed Value policy (which your classic car need to have to be fully covered with no hassles)

Becky at Grundy is a member on the HAMB and a place where the top of insurance comes up at least once a month. Becky posted the following on the HAMB so I thought I'd cut and paste it here. I do not work for Grundy just a satisfied customer.


Hey all!!! Good to see our name popping up in today's conversation!! I am going to post an article I just wrote this month re: shopping insurance. One thing I do want to point out is that ALL of our policies include UNLIMITED MILEAGE - we do NOT have mileage restrictions. And, as Denise mentioned, our policies are Agreed Value. And yes, your car is covered for the amount we agree is the value of the vehicle. Period. Please see below:

What to Look for when You Shop for Collector Car Insurance
Tips from Grundy Worldwide

By: Becky McLaughlin

Collector car owners can be found across this country; in fact, they are all over this world. Since members of the Grundy family and their friends started restoring and preserving old cars many years ago, outside of Philadelphia, the hobby has boomed in popularity and participation; and, it constantly evolves and grows. Today, there are “car guys” of all kinds: from the antique car owners who cherish the history and preservation of their cars to the muscle car and hot rod owners who divulge in nostalgia… and, from the low-riders of Southern California and the tattooed crowd that partakes in the “Kustom Kulture” scene… to the luxury car owners who attend Concours events. As diverse as these folks may be, they all have one thing in common: they love old cars.

While possessing such love and passion for old cars, it seems natural that car guys would seek out special insurance to protect their most valued possessions. During the search for insurance for a specialty vehicle, there are a few things we at Grundy Worldwide would advise car collectors to consider. We have compiled the following list to help you shop for collector vehicle insurance. We, of course, urge you to insure with us!

• Agreed Value Insurance
• What’s Covered
• Superior Claims Service
• Company Reputation
• Customer Service
• Usage, Storage and Mileage Restrictions
• Price

Agreed Value Insurance
When insuring your collector vehicle, it is critical that you seek out “Agreed Value” coverage. Over 60 years ago, James Grundy, Sr. invented the idea of Agreed Value insurance, and it has worked ever since. With Agreed Value insurance, you, the customer, and we, the insurance company, agree on the value of your collector car. In case of a total loss, you will receive that amount—it’s that simple.

A handful of other companies have picked up on the Agreed Value idea; yet, there are still many companies offering policies that sound similar to Agreed Value, but they are actually very different. Beware! We would not suggest insuring a collector car with a Stated Value or Actual Cash Value policy.

While the names of the policies may sound similar, there is a huge difference between our Agreed Value policy and a Stated Value policy. Some people (including insurance agents) mistake Stated Value for Agreed Value— that’s a big mistake. Stated Amount forms say that the insurance company will pay the lesser of: a) The Stated Amount, b) the cost to repair the vehicle that doesn’t exceed the Stated Amount or c) the “Actual Cash Value.” And, with that third statement, a claims adjuster is allowed to settle your claim for LESS than the Stated Amount.

Actual Cash Value refers to the cost to replace the vehicle with new property of like kind and quality, less depreciation— the “fair market value.” If you look up the “fair market value” for your collector car, you will understand why you do not want to insure your car with such a policy; you will receive close to nothing. If you buy a Stated Value or Actual Cash Value policy and experience a total loss or have your car stolen, you will learn the hard way that your car is not properly covered. Why take that risk?

Grundy Worldwide understands that collector vehicles do not depreciate in value, over time; we know that the values of these cars typically increase. Our Agreed Value policies account for the true values of collector vehicles.

What’s Covered
At Grundy Worldwide, we are confident that we will offer you the most coverage for your collector vehicle. Our policies include coverage for liability, comprehensive and collision, and loads of “bells and whistles” features that few others can offer you.

Liability coverage is the foundation of any auto insurance policy; and, you want to make sure that you have enough coverage. This coverage protects you from accident-related lawsuits and the burdens of repair and replacement costs. If you are at fault in an accident, your liability coverage will pay for the bodily injury and property damage expenses caused to others; property damage coverage pays for the repair or replacement of property (that is not yours) that you damage. Our policies include Medical Payments, P.I.P., No Fault and Uninsured Motorist Coverage, as required. Coverage and limits vary by state.

Our policies also cover physical damage to your vehicle— “comp and collision.” And, in most states, Grundy’s insurance also includes some essential add-ons that make our coverage tailored to the car collector like no other insurance policy. This extra coverage includes: towing and labor expenses up to $250 each occurrence; auto show medical reimbursement, $5,000 each person, up to $10,000; spare parts coverage, up to $500; trip interruption coverage, up to $600 reimbursement for transportation expenses, lodging and/or meals in the event of a collision or mechanical or electrical breakdown; and, inflation guard, with an annual increase of 4 percent each year.