Grundy - what gives?!

Grundy turned me down as well. Hagerty picked me up. Still don't understand why Grundy said no to a 1983 308??

 

Hmmm. Must be a new policy. I insured my 1988 328 last august with no problems. They did say that my '06 Ducati was too new to insure with them even though I already have a policy when I called last month.

Dave

 

I think Grundy is great. Over the years they have insured my 84' 308gtsi, 88' 328 GTS, BMW Z3 coupe, 03' MV Agusta SPR and my current 05' Copperhead edition Viper. I'm surpirsed they would turn some people down with the F_cars mentioned in here...

 

Recent quotes I got from State Farm on a 78 308 GTB, and an 86 Mondial Coupe, were both under $90 a month. Might be worth a call to them.

 

Mine is full coverage with USAA and I pay 26.66 a month. My driving record and history are perfect though. I have been with them a long time. You have to be a veteran or family to a verteran to use USAA.

 

Interesting. I have USAA as well and they would not provide anything except liability and uninsured motorist on my 1986 328. The very nice rep told me that they had a policy against new coverages on vehicles more than 15 years old because of the greater chance of expensive repairs versus the car's value. They recommended American Collector's Insurance for full coverage which is what I wound up going with.

Do you qualify yourself, or is your parent a veteran? I am the child of a veteran and go through USAA CIC which was set up for dependents. I can get insurance coverage, but don't get the voting rights of being a full-fledged member. Maybe that is the difference.

 

In short, you got turned down because the insurance companies want to collect money and never have to pay it out. Simple as that.

 

I also think Grundy is great.
Under $400 a year for 34K agreed value, zero deductible.
I had a claim, handled better than any claim I've ever had, 1st class.
My only other vehicle is a 98 Toyota Tacoma (insured elsewhere).

 

That is what they told me also. Nothing newer than 74 if it was the only car. However I know of another member here who has a '80 308 GTSi that is his only car on the policy and he has it insured with Grundy

 

I tried Grundy two years ago when I bought the car and they told me that was their policy: they would not insure a car less than 25 years old unless it was part of a larger collection that did have at least one car that old. So I went with Hagerty.

 

I just had the same experience as others: the Grundy rep said that they were not writing policies on F-cars unless they were part of a collection (even if there were only one additional car!). I have a quote from Hagerty of about $1,850 for 100/300 and a 500 deductible, which is higher than I've seen elsewhere but at least Hagerty wants my business.

Ironically, I went through my agent because I ensure almost everything with Chubb (who uses Grundy for their collector car products). Oops! My very embarassed agent is now trying to find an appropriate policy elsewhere. I will post if she comes up with anything clever. Otherwise, Hagerty it is.

Ron

 

You guys just need more Ferraris! LOL!

I am working with Grundy on my "collection", but they are pretty strict, even excluding usage for "errands" if on a collector car policy.

I guess now we'll 'tour' and 'rally' into town for a Sonic burger........

 

State Farm carried the coverage on my two Ferraris for a long time, agreed value......the horror started when another motorist smashed into my Ferrari, insured by them, as well......

All of a sudden Superglue and JB Weld were accepted repair methodology......it was an eye opener!

 

Grundy insures my 1995 F355 spider....they were less than Hagerty despite more liability coverage and no deductible. I only have one Ferrari (DAMN!) and they only insisted on having a garage , not to used as a commuter and ownership of a daily driver. Maybe it is a state of residency issue?