IMO pleasure use and collector events could be the same, however pleasure
use would include a much larger scope of usage. Further down in the
paragraph it states that the cars "should be owned in addition to vehicles
used for daily transportation..." IOW, it's not a daily driver.
I probably pay too much for my insurance as I use the same company (Farmers)
that insure my daily drivers. But, the service I get from my agent and the
lack of hassle with claims makes it worthwhile to me. Both my LBC's are
stated value, while my Audi is virtually worthless (to most) so I don't even
carry collision on it.
Just my .02
Gordie Bird
62 MGA
80 MGB
86 Audi 4kq
> Mike,
>
> The following is from the Grundy website... these statements seem to
> conflict... In one they indicate "pleasure use" in the second
> they state
> only collector events... So which is it? Have you had any experience
> with them in an incident that did not involve going to, participating
> in, or coming from an event?
>
> "Grundy Worldwide can insure any collector vehicle you own
> regardless of
> year or model. Collector vehicles must be used for show, hobby, and
> pleasure purposes only. They should be owned in addition to vehicles
> used for daily transportation for all operators in your household."
>
> "Our policy authorizes unlimited hobby use of your collector
> vehicle in
> collector activities, exhibits and parades. While
> participating in these
> events, owners are free to enjoy their collector vehicle without
> monitoring the odometer."
>
> Becky
> '69 B
>
>
> Mike Razor wrote:
> >
> > Grundy insurance company! They are the best I have dealt
> with. I am
> > sure some of you remember me saying so in the past. My TD
> caught fire
> > on the way to a car meet and the Grundy agency had it restored to
> > better than before. I have an agreed value policy and a
> person needs
> > to make sure and have the value high enough to cover the
> car. I also
> > insure my MGC and MGA with Grundy and the cost in very small.
> > I used to use USAA for my old cars and they are another
> fine insurance
> > company, that still insures my daily drivers. But, USAA
> does not come
> > close to what Grundy can do.
> > Mike R
> > ----- Original Message -----
> > From: <eric@erickson.on.net>
> > To: <mgs@autox.team.net>
> > Cc: <eric@erickson.on.net>
> > Sent: Monday, June 05, 2000 11:44 PM
> > Subject: Re: Car accident
> >
> > > Doug Wilson wrote:
> > > >
> > > > Hi List, I had an accident with one of my cars. It was a write
> > off. State
> > > > Farm Insurance first offered me $800. I prepared a
> package of "for
> > sale" ads
> > > > of similar cars and a copy of a recent Hemmings Motor News to
> > prove my car
> > > > was worth more. They settled for $2000. So don't take the first
> > > > offer.....good luck.....76B Ottawa Canada
> > >
> > > My insurance company 'specialises' in calssic cars,
> sponsors classic
> > car events,
> > > etc. and speaks at club meetings (the pity is that the founder of
> > the company
> > > passed away a little while ago and he was the classic car
> lover - we
> > hope he
> > > employed similar people). The thing is that, as a small company,
> > they have to be
> > > underwritten by/aligned with a major insurance company and in this
> > case it is Sun
> > > Alliance (I believe) who may not share their classic enthusiasm.
> > >
> > > Also as a small company they do not have offices everywhere with
> > teams of
> > > assessors so they use 'generic' assessors who probably don't have
> > incredible
> > > classic car sensitivities and whose job it is to try for
> the lowest
> > possible
> > > exposure for the employing company.
> > >
> > > The assessor I dealt with pushed quite hard for the lower
> cost (but
> > unacceptable
> > > to me) option of a steel bonnet/hood over the aluminium
> bonnet. But
> > I have to
> > > admit that I didn't have to fight THAT hard to get my
> way... I just
> > remained
> > > FIRM.
> > >
> > > However, any person without the same confidence or resolve would
> > probably have
> > > been swayed to their way of thinking.
> > >
> > > The cost difference between the two options (includes
> bonnet, paint
> > and some
> > > other minor repairs to the car caused by the bonnet flying up):
> > >
> > > a) Steel Bonnet - $AU 900
> > > b) Aluminium Bonnet - $AU2600
> > >
> > > There is a $200 excess to be paid on this policy.
> > >
> > > Also the policy I have is an agreed-amount policy which values the
> > car at
> > > $AU13,000 with the owner retaining salvage rights to the
> remains of
> > the vehicle.
> > > This is $AU2,000 more than I paid for the car and about
> what I would
> > expect to be
> > > able to sell it for (and yes, I have put about $AU5,000
> into the car
> > over the
> > > past 18 months).
> > >
> > >
> > > There ya go... compare away (BTW the policy costs me below average
> > premiums for
> > > this amount of insurance).
> > >
> > >
> > > Eric
> > > '68MGB MkII
> > >
> > >
>
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