Hagerty insurance ?

[russcc]

DavidG had a point that we should all understand. Hagery,Taylor or Grundy are simply special insurance agents that focus on vintage vehicles, and they could use the same insurance company. Grundy uses Philadelphia Indemnity for example. Another important point here is; shop around between them every couple years to keep them honest, and see if someone is offering a lower rate or some other benefit. Familiarity breeds contempt. I have been in the Risk Management field at the fringe of the insurance industry for years, and most insurance is waste of money if you can manage your own risk. How do you replace an original '34 roadster if it is lost. You don't, so insurance money you get for it is useless.

[tomkc1]

Originally Posted by russcc

DavidG had a point that we should all understand. Hagery,Taylor or Grundy are simply special insurance agents that focus on vintage vehicles, and they could use the same insurance company. Grundy uses Philadelphia Indemnity for example. Another important point here is; shop around between them every couple years to keep them honest, and see if someone is offering a lower rate or some other benefit. Familiarity breeds contempt. I have been in the Risk Management field at the fringe of the insurance industry for years, and most insurance is waste of money if you can manage your own risk. How do you replace an original '34 roadster if it is lost. You don't, so insurance money you get for it is useless.

It seems like you're suggesting not to insure a '34 roadster with collision. Am I reading that right?
I have Hagerty and at Marcus' suggestion just purchased Cherished Salvage Coverage for an additional $24. I don't expect to ever need either coverages but if I do somehow total my Ford and be able to keep it once the insurance pays off seems like a no brainer to me. It like almost getting paid twice. No?
Tom

[Gene F]

Originally Posted by tomkc1

It seems like you're suggesting not to insure a '34 roadster with collision. Am I reading that right?
I have Hagerty and at Marcus' suggestion just purchased Cherished Salvage Coverage for an additional $24. I don't expect to ever need either coverages but if I do somehow total my Ford and be able to keep it once the insurance pays off seems like a no brainer to me. It like almost getting paid twice. No?
Tom

Where did you buy that coverage? I mean who sold that to you?

[Gene F]

Originally Posted by russcc

DavidG had a point that we should all understand. Hagery,Taylor or Grundy are simply special insurance agents that focus on vintage vehicles, and they could use the same insurance company. Grundy uses Philadelphia Indemnity for example. Another important point here is; shop around between them every couple years to keep them honest, and see if someone is offering a lower rate or some other benefit. Familiarity breeds contempt. I have been in the Risk Management field at the fringe of the insurance industry for years, and most insurance is waste of money if you can manage your own risk. How do you replace an original '34 roadster if it is lost. You don't, so insurance money you get for it is useless.

You make an important point. If my car gets stolen I really want my car back in one piece. I'll never find another one all fixed up the way I want it, with the reliability I require. And the cash is generally not enough to even begin the treasure hunt all over gain.

[VeryTangled]

Originally Posted by Gene F

You make an important point. If my car gets stolen I really want my car back in one piece. I'll never find another one all fixed up the way I want it, with the reliability I require. And the cash is generally not enough to even begin the treasure hunt all over gain.

But this is what's cool about agreed value also.

If I 'want [my] car back in one piece' sometimes that can't happen. In fact if I use this insurance it's not coming back to me the same pretty baby I remember.

So I ask what wad of cash makes me able to put something in my garage with the fix-ups and reliability that makes me feel as close as possible to my 'car back in one piece?'

That's the number I tell the insurance lady. It's not her fault I gulp when she gives the answer.