LJ67barracuda340
Well-Known Member
I was told the coverage stops and starts when the vehicle enters and leaves the property of the racing event. Hagerty
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.
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 ?
I like the way you think!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
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.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.
That's a very good point.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.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.
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.
How has the actual claims side been the various companies?
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.
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 coveredhave 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
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 10i 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..