Hagerty or other collector car insurance?

[bobc]

Randy,

What the heck business is your owner in? Geez, that's quite a collection!

Bob

[Stickerman]

The service is fantastic. See if any other insurance company would do this:

My Dad's car broke down here in Maryland. He borrows a 69 Datsun 2000 and drives it home to North Carolina. 3 days later a pizza guy hits it hard enough to put it on the sidewalk, he has no insurance.

Hagerty says take it to whatever shop you want, they would even cover the tow to MD if needed. It was taken to a shop close to Dad's that does restorations. He gave an estimate and Hagerty mailed a check. $8K of damage.

No problems here.

[Carl Beck]

Thanks for the responses. Carl, can't beat that service!!

I just want make sure this car is covered. Not that I am running into things, but I did have a windshield claim on the car.....

Any other advice is greatly appreciated.

Thanks again,

Bob

Hi Bob:

As all things - moderation. Don't over insure..

I see insurance as a way of laying off risk that I can not afford to realize by myself. Small claims like things under $5K won't change my lifestyle, nor keep me broke for a lifetime. The risks associated with Personal Liability represent very large risk however. Since I do drive all my cars on occasion, I insure mostly against personal liability actions when it comes to Classic Car insurance. {lets face it, we all still drive relatively inexpensive Classics and even a $20K loss wouldn't be the end of the world - but a $300,000.00 or more judgment for personal liability would be a really killer...}

The real value here is the fact that since you drive the car so little, and most people are usually very careful when driving their Classic's.. the exposure for the insurance company is also greatly reduced.. and in turn the premiums are very low by comparison to normal automobile insurance.

You don't want to set an Agreed Value much above the actual replacement costs of your car, because then you are paying higher premiums than needed. However you do want to assure that your Z would be properly repaired, rather than totalled out for less than it's value.

To me, the real discriminator among any of the Classic Car Insurance speciality companies is their Customer Service. So far, in the last 15 years I have not had one person write that they were not happy campers with the Hagerty. Like I said, they are very real Car People...

FWIW,

Carl B.

[TomoHawk]

The biggest problem I see with the classic car insurance is that they require you to keep your car in a garage. Since mine is filled with cars, my Z stays in the driveway, and if it rains, I put the cover on.