Haggerty Insurance turned me down

[Fatherflash]

I also use AAA and they gave me no problems. They took photos of the truck, engine, and the truck parked in the garage. Had a temp policy with temp cards right there and the full policy with new cards the following week. Also, it was half the price of Hagerty.

[davepl]

Hagerty doesn't have horsepower limits, so this thread is a bit deceptive.

They just won't allow you to insure a heavily modified vehicle in their cheaper "unmodified" category. Insure the vehicle as "street rod/modified', which is what it is, and everyone will be happy. But you won't and shouldn't get the same rates as my exhaust-manifold wearing, choke-having, heat-stove equipped truck.

[James the III]

Originally Posted by davepl

Hagerty doesn't have horsepower limits, so this thread is a bit deceptive.

They just won't allow you to insure a heavily modified vehicle in their cheaper "unmodified" category. Insure the vehicle as "street rod/modified', which is what it is, and everyone will be happy. But you won't and shouldn't get the same rates as my exhaust-manifold wearing, choke-having, heat-stove equipped truck.

red lights go off when you try to ack for an agreed value much higher than the norm..
and then say it's in the engine..
It isn't a stretch that a person that puts that much money into an engine for power will tend to use it..

[special-K]

Oh I dunno. This guy put a lot of money into his '57 to use as a grocery getter

[Z10]

Originally Posted by Tom Vogel

Yes, that was a specific question from the rep, and I try and be honest. Actually, Grundy is half the price. It just seems I read somewhere that Grundy doesnt pay claims well, and that worries me.

I had a claim with Grundy a few years ago. The claim was paid within 10 days. I've been with them for over 15 years and currently have 3 vehicles insure with them.

[Z10]

Originally Posted by Rickysnickers

I have AAA for my '57. There haven't been any issues with getting or renewing it.

Is AAA writing "Agreed Value" policies? You'd better check.

[mixermike]

I have been with Grundy about 15 years. I currently insure 4 trucks with them, all modified one way or another. Had my first claim last year when a tree fell on my shop. No hassle no guestions. 2 trucks were damaged, money in my hand in less than 2 weeks... = happy customer

[Ram-Man]

JC Taylor has been good for me.

[James the III]

Originally Posted by special-K

Oh I dunno. This guy put a lot of money into his '57 to use as a grocery getter

maybe,, or at a cruise spot.. that most areas is a store parking lot..

Here they use the bass pro shops area in patriot place (home of the pats)
every other Thursday. the other Thursdays are at an old dog track..

[az1970k5]

Try Grundy. They are alot cheaper than Haggerty. There is no need to brag to them how much hp you have, they don't ask anyways. Plus you are insuring on an agreed value. The more you think your truck is worth, the higher the premium. All they asked me for was a couple pictures.

[James the III]

Originally Posted by az1970k5

Try Grundy. They are alot cheaper than Haggerty. There is no need to brag to them how much hp you have, they don't ask anyways. Plus you are insuring on an agreed value. The more you think your truck is worth, the higher the premium. All they asked me for was a couple pictures.

But when you want to insure it for 18k and it's a 7500.00 truck other than the engine..
big red flags..
Grundy also ask if the vehicle has the stock engine size it came with.. and power rating... At least it has for mine.. and it's been covered with them since 2003

[Fatherflash]

Originally Posted by Z10

Is AAA writing "Agreed Value" policies? You'd better check.

My policy is an agreed value type with AAA. They asked what I have into the truck and fully insured the truck for that value. Only limitation being it cannot be driven more than 5,000 miles per year. This is to meet the AAA classic vehicle requirement for this area.

[Coley]

Insurance companies are not dumb....
I think what is probably happening is that they have been 'hit' enough times in either payouts or by people wanting full value payout on collector based stuff that they now know how to figure you out.
When you look behind a lot of this you will find a lot of guys who try to get away with the absolute cheapest insurance they can possibly get away with....until something is stolen or wrecked, then they want it all paid for in spades.
As stated if you want to get full value for your truck or loss...then find a company who understands your trucks full, true value paint, trim to motor, etc and then, fully disclose and agree on a replacement cost.....then be prepared to pay for that expensive, premium insurance.
Simple.....

Coley

[weq92f]

FWIW, I just picked up a Hagerty policy for my '67. I did this by phone. Within 5 minutes I had a policy and within the next 10 I had the email with the temporary verification as well.

This was a named value policy ( the `value` I put on it is what I have in it: >20k ) and something like 100k/200k for property and injury, uninsured motorist, 1500 work of spare garage parts, unlimited usage of towing ( 60miles/per paid ) and roadside assistance.

The only questions asked, aside from the usual year/make/model:

Is it stock?
Is it your daily driver?
What is your daily driver?
Will you participate in race or timed events?
How many miles a year will you drive?
How many licensed drivers in the house?
Who will be drivers?
Any tickets or accidents over last 3 years?

They required the drivers license numbers of all the licensed drivers in the house. Also, with my DL# and info, they were able to pull up via some source that there were indeed only two licensed drivers in my house. With that info came the DL# of my wife without my giving it to them.

Because I divulged garage-kept, my own residence, only drive on nice days to shows, meets and drive-ins and what not before he had a chance to ask questions, the list was probably shorter than it would have been.

I told the guy it wasn't really stock, that it had been modernized as far as engine, trasmission and some comfort stuff in the cab. I did not mention specifics like HP, CID or cost. Also told him that it's got upgraded brakes and suspension for ride/handling/safety, again no specifics. Definitely let him know that the truck isn't close to stock original.

No issue at all and the price, well... I have no frame of reference other than the coverage I was paying for it through Allstate. The Hagerty premium is only slightly more than what Allstate was charging me. I'm very pleased with that. I could have said no to the 1500 spare parts coverage, towing and such for 60 bucks/year. That said, the 60 bucks is a pretty good percentage of the overall premium, if that tells you anything!

-klb

[bosco]

Originally Posted by Rickysnickers

I have AAA for my '57. There haven't been any issues with getting or renewing it.

I had no idea AAA covered classic cars/trucks. We have our cars, and home with AAA and didn't even think about asking. Do they offer agreed value? Would really like to have one company.

[NC_John]

Originally Posted by James the III

But when you want to insure it for 18k and it's a 7500.00 truck other than the engine..
big red flags..

Crap. That's where I am at right now. This latest project will probably nearly double what I have in this truck. Should be an interesting phone call with Hagertys.

I thought the mileage limits they impose would be a problem but in the three-four years I've had it, I doubt I've hit 500 miles any given year. It's a running joke with my wife that every time I complete a major upgrade/project (usually taking months), I'll drive it two weeks and then immediate tear it apart again for the next upgrade. I'm wearing out my jackstands faster than my tires.

[96blazr]

Originally Posted by Tom Vogel

They said the truck makes too much horsepwer. What else is good?

I'm calling BS on this one.

[70shortfleet]

I have insurance with State Farm on my 72 GMC for $25,000

[69moneypit]

Originally Posted by 70shortfleet

i have insurance with state farm on my 72 gmc for $25,000

x2

[70cst]

Originally Posted by Jcfcamaro

Is Hagerty insuring c10/k10 trucks now? 8 years ago I went with them on my camaro and asked about my 72 c10. They told me they quit insuring trucks because they were being used too much to haul things like going to lowes ect.

I also have insured the Circuit Rider with Haggerty Insurance before the frame off and now ...

My truck was hit by a Tornado 12/23/15 - it will be finished in about 2 weeks with a total repaint and body work - so far no issues.

HP was never asked ...

[my56chevytruck]

Originally Posted by Tom Vogel

Yes, that was a specific question from the rep, and I try and be honest. Actually, Grundy is half the price. It just seems I read somewhere that Grundy doesnt pay claims well, and that worries me.

Tom,
I have Grundy and have only one claim and they paid within 3 days complete. And if asked about HP, say, don't know, mines a cruiser.

[special-K]

From my experience the company asks the value, you tell them, and they price your policy accordingly. No questions on how I came up with that value. Show a few pictures, give your value, pay for insurance. Claim higher value/pay higher premium. One reason I have Haggerty is because they have no mileage limitations.

My Harley has been insured for $30k for almost 25 years. I never showed pictures, just stated the value based on what I saw bikes of same caliber going for...back then! They have no idea if it's been a dedicated show bike all these years or been rode hard and put away wet. I now I'd be lucky to get $10k for it in today's market, but the policy still states value at $30k. I figure if it came down to a claim, that is when they tell me what the bike is worth...today. They may not pay out the amount on the policy, but it's cheap and the high value policy should allow for repairs no matter the cost.

[Keith Seymore]

Originally Posted by NC_John

I'm wearing out my jackstands faster than my tires.

LOL. That's quite an accomplishment...

K

[Tom Vogel]

Well' looks like I am going with Grundy. They dont have a problem with my vehicle.

[Tom Vogel]

Originally Posted by 96blazr

I'm calling BS on this one.

You would be wrong.