Classic Car Insurance Hagerty vs Grundy

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How do the other companies handle racing?
I was up front and told the Hagerty rep on the phone that I intended to drag race and possible Autocross the car. I was told that Hagerty will insure the car but the coverage is not in effect while the car is being prepped for racing or participating in on track events. I will get a better definition on how Hagerty defines 'prep for a race'
Grundy and American National both declined to write any coverage on a vehicle involved in racing.

I called Hagerty again, the person that I spoke with said she did not know what the other Hagerty rep meant by saying the car was not covered while being prepped for racing.
She confirmed that the car is not covered while on the track, but while it is being driven or trailered to the track or while the car is in the Paddock area the insurance coverage is in effect.
And post 26 is a bit different from what the Hagerty agent just told me, that may be a difference between Hagerty insurance in Canada and Hagerty insurance in IN in the USA. The bottom line is, get it in writing.
 
I have Hagerty. I stopped using Grundy after they couldn’t figure out how to remove a Mustang off of my policy even though I sent them a notification when I sold it. This was two years after I sold the car plus i didn’t list it in any of my renewals. Long story short they had to issue me a new policy and then the state came after me claiming I was driving my cars without insurance. FYI, it took me a year from start to finish to get the Mustang removed from Grundy’s system and that was 3 years from when they were officially notified that I no longer owned that car. And Grundy is owned by Philadelphia Insurance.
 
Some variatons in policy coverage for events most likely depend on the nature of the event.
Most sanctioning groups consider autocross as an individual timed competition, not racing.
Racing is when there is more than one vehicle competing to be the first at the finishing line.
Most road racing (and oval) involves qualifying sessions to determine the starting order. As those are not races to the finishing line that could have been what is meant by 'preparation for racing.'

There are are a number of other types of competition that don't quite fit neatly. There's non-timed track events with a variety of names, 'high speed autocross', hilllimbs, closed road rally under a variety of names, etc. Whether Hagerty and other insurers have different types of policies for different types of events I don't know. My guess is yes, at least broadly speaking. The risks vary with the type of event and sanctioning oversight, while the repair costs will relate to the vehicle values and repair costs.
 
How do the other companies handle racing? Probably the same. We should ask our racing buddies here to see if their cars are covered somehow. @pittsburghracer ?



sorry I had to find the info in my photos. I have zero insurance on or off the track, never have. I looked into two different companies one at The World Of Wheels car show and one set up at Norwalk drag strip. Neither one got back to me with pricing and I only tried back once or twice and quit trying. Here are a couple contacts I’ve saved and some even have on track insurance. Some coverage for others stop in the staging lanes when pulling onto the track.
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So, if you're on a road trip to a car show and stay at a hotel on the way you should be covered. Correct? If that's right then you could stay anywhere with in, let's say, a 100 miles of a car show or event. I'm just throwing this out there because where I'm at there is a car show or event every day of the week for about 6 months out of the year. Steve
I like the way you think!
 
That is true, but if I have a loss I would not want to give an insurance company any reason to deny the claim. All insurance companies are nothing but a bunch of lawyers who deal with statistics and probability. None of them pay if they can wiesel out.
Agreed, I saw a special on tv about insurance. A woman who had several non cancerous lumps later died from breast cancer. The ins co said that the bumps were a precursor to cancer. One company had a large team who tried six ways to. Sunday how not to pay her husbands claim. I worked in insurance for a while and when I saw all the bullshit I left.
 
Quoting prices is great, however nobody ever mentions what level of coverage they have for liability, including bodily injury. If you ever cause an accident, someone gets injured, you damage other's property, etc... you better have a minimum of $500K coverage. A million would probably be better. People are law suit crazy these days. I'm paying about $400 for $500K liability, $43,000 with no-deductible value on the car, thru American Collectors.
 
Quoting prices is great, however nobody ever mentions what level of coverage they have for liability, including bodily injury. If you ever cause an accident, someone gets injured, you damage other's property, etc... you better have a minimum of $500K coverage. A million would probably be better. People are law suit crazy these days. I'm paying about $400 for $500K liability, $43,000 with no-deductible value on the car, thru American Collectors.
That's a very good point.
 
give american modern a look. I dropped Hagerty for a number of reasons, and even with Increased coverage due to value I still pay $226 less per year for all Insured. Seven classic cars,(695) two classic bikes(103).$798.00 a year. hagerty was 1,024 and they still suck in my opinion.
 
Quoting prices is great, however nobody ever mentions what level of coverage they have for liability, including bodily injury. If you ever cause an accident, someone gets injured, you damage other's property, etc... you better have a minimum of $500K coverage. A million would probably be better. People are law suit crazy these days. I'm paying about $400 for $500K liability, $43,000 with no-deductible value on the car, thru American Collectors.
Talk with a agent about a personal umbrella policy. A million dollar policy is common. A personal umbrella kicks in after your car liability or homeowners policy is exhausted. Basically your car or homeowners policy is the deductible and then the umbrella kicks in. A lot of coverage for not a lot of money.
 
give american modern a look. I dropped Hagerty for a number of reasons, and even with Increased coverage due to value I still pay $226 less per year for all Insured. Seven classic cars,(695) two classic bikes(103).$798.00 a year. hagerty was 1,024 and they still suck in my opinion.

That's who I'm with "Heacock Classic" underwritten by American Modern.

*$254 bucks a year/ Unlimited Driving

*20K Agreed Value

*Bodily Injury:
$250K per person
$500K per accident

*Property:
$100K per accident

*Uninsured Motorist
$100K per person
$300K per accident
 
I have have Haggerty in all three of my projects as they were the only ones to insure project vehicles. I did it mainly for risks of theft and fire/storm related incidents.
 
How has the actual claims side been the various companies?

Grundy is great. I had a policy on for a week and went for a test ride in my 440 dart, long story short had a engine fire, the next week they came and accessed the damage, even what the chemical fire extinguisher caused to the car. A week later I had a check I am very happy with them.
 
I will be putting insurance on the 68 Barracuda in the next month. I was comparing Hagerty and Grundy and found some interesting differences.

For both quotes I stated a $20,000 agreed value insurance policy.
Haggerty quoted $334.00 per year
Grundy quoted $160.00 per year

Hagerty as a $500 deductable
Grundy has a $0.00 deductable

They both say unlimited driving as long as the car is not the primary driving vehicle.

Hagerty and Grundy both state that the primary storage location must be secure and locked.
And they both allow overnight parking in an unsecure location like a hotel parking lot. The deal breaker is that Grundy's coverage states that the overnight unsecured parking must be directly associated to a car event or car show. The Grundy insurance is not in effect if the car is parked overnight in an unsecure location on a pleasure trip. Hagerty insurance is in effect with overnight parking on a pleasure trip.

For me that takes Grundy out of consideration.

I believe that I will be purchasing the Hagerty insurance with the Hagerty Drivers Club towing insurance. I'll keep the towing insurance until I get some miles on the car.

have you called J.C Taylor, Condon and Skelly or American Collectors and see what their rates and rules are?
 
have you called J.C Taylor, Condon and Skelly or American Collectors and see what their rates and rules are?
I used to sell insurance for JC Taylor, they typically beat the rates of Haggerty and Grundy. The downside is, they have a real strict mileage limit and they will not cover any “high performance driving” either on track or not. They also would only insure basically flawless original or originallly restored classics. They wouldn’t insure any pro touring or modified vehicles with different engines etc. and if you have any rust damage, forget it. Not covered

At least here in Indiana when I sold for them up until 2015
 
I used to sell insurance for JC Taylor, they typically beat the rates of Haggerty and Grundy. The downside is, they have a real strict mileage limit and they will not cover any “high performance driving” either on track or not. They also would only insure basically flawless original or originallly restored classics. They wouldn’t insure any pro touring or modified vehicles with different engines etc. and if you have any rust damage, forget it. Not covered

At least here in Indiana when I sold for them up until 2015

i had numerous cars insured by jc taylor over the years and never had a problem like that.. yes they claim 3000 miles a year but if you make a quick phone call and tell them you are going over there wasn't an issue. most classic car companies won't insure at any racing type of event.. my cas were all far from freshly restored when i used them.. only reason i use american collectors now is that i get good rates through usaa with them and they were a lot faster to get the car insured the day i bougt it..:) been a great company so far.. hell they even insured my 08 mustang for 14,500 for me..
 
i had numerous cars insured by jc taylor over the years and never had a problem like that.. yes they claim 3000 miles a year but if you make a quick phone call and tell them you are going over there wasn't an issue. most classic car companies won't insure at any racing type of event.. my cas were all far from freshly restored when i used them.. only reason i use american collectors now is that i get good rates through usaa with them and they were a lot faster to get the car insured the day i bougt it..:) been a great company so far.. hell they even insured my 08 mustang for 14,500 for me..
Maybe they were just being picky at the time, but I know it was a PITA to get someone on with JC Taylor. Only reason I even bothered with pushing their stuff was the 30 percent commission they paid out at the time. Eventually they dropped it to 10
 
When I put my Barracuda on the road 3 years ago I got quotes from Hagerty, Grundy, State Farm, Modern and some other companies I forget. Modern was the best price, but I had requested a quote thru one of their sister companies so they said they couldn't create a policy since I requested a quote thru a sister company. I never received a quote back from their sister company and told them this but they said it was conflict of business. I told them no problem and took my business elsewhere. At the time I ended up getting Hagerty thru Nationwide for like $160 a yr for $15K coverage. The following year the rate increased to $180ish. This year the rate jumped again to $211 so I contacted State Farm since that's who all my other vehicles are thru. I got a little better coverage for $170 a yr thru State Farm. In the 3 years I've had the car on the road I only drive it to go get ice cream or a nice short cruise around town. Doubt I put 300 miles a yr on the ole girl.
 
When it was time for my to get insurance I called Grundy and was told they don't insure Canadian cars. Ok easy enough. Called Hagerty and was refused when I was honest about possibly drag racing or auto-x the car. Was refused coverage online. I called them and spoke with a guy in Michigan at Hagerty and was told I couldn't be insured at this time due to possible racing. The agent told me on the phone to try again in 6 months and said I'm not racing it.

I gave up with them and called Zehr Insurance in Ontario. After an appraisal it wasn't an issue to insure my 76 Duster with 6.1L Hemi. Was just told that I would not be covered while racing.

Riddler
 
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a friend of mine had a tool box fall on his classic car. Hagerty had him get 3 estimates, he picked the highest one, and they sent him a check............
 
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