Hagerty Insurance ? Options

[Kansas 914]

JC Taylor is the secret. Excellent service, low rates, declared value. Few limitations other than a locked garage.

Thanks Jeff - I started looking and saw this. It is the first box you must check at JC Taylor - before getting a quote:

I agree that my vehicle(s) will be used mainly in exhibitions, club activities, parades and other functions of public interest and will not be used primarily for the transportation of passengers or goods.


How strict is this?

EDIT: I looked further and it would appear my flared 2143cc 914 would not be original enough?



Am I Eligible?

A few basic requirements must be met.

To qualify for the Antique/Classic Auto Insurance Program, vehicles must be at least 19 years old*, and:
##Factory original; i.e. there should be few changes from the factory original specifications.
##In good or restored condition.
##Be kept in a fully enclosed, locked garage.
##Be used primarily as hobby vehicles: used in exhibitions, club activities, parades, or other functions of public interest. An occasional nice day drive to keep the vehicle in running order is perfectly acceptable. ##We do NOT impose a mileage limit on our Antique/Classic Auto Insurance Policy. However, we do use a very reasonable underwriting limit.
##Club affiliation is not required.

[JeffBowlsby]

The word "primarily" is the key. They are not strict on exclusive use just for shows, club events. They have no mileage limitation. If its agarage queen that's their intent, does not need to be factory stock.

They offer an Antique/classic policy and a hot rod policy. Perhaps yours is more of the hot rod?

[Big Len]

jEFF - IIRC, I went to them first before Hagerty. They required about 10-12 days of paperwork exchange/verification before insuring the car. I couldn't wait that long because I was picking the car up in two.

[bandjoey]

jEFF - IIRC, I went to them first before Hagerty. They required about 10-12 days of paperwork exchange/verification before insuring the car. I couldn't wait that long because I was picking the car up in two.

I called H. Got the quote. Gave them my card for payment. Emailed 2 pictures of the car. Had my binder and insurance cards in 1 hour about.

I don't work there so it's just my story. but it was hassle free to get the coverage. Cheap with agreed amount. So I'm happy. Drive anywhere I want yo go. I drive to work about 2x a month just for fun. (Don't tell em). The fact that I have no accidents, 3 other cars insured, old guy driver all effects rates.

[JeffBowlsby]

jEFF - IIRC, I went to them first before Hagerty. They required about 10-12 days of paperwork exchange/verification before insuring the car. I couldn't wait that long because I was picking the car up in two.

That may be your perception but that's not my real world experience. I have been with JC Taylor since about 2004.

I have a 928 (:gasp!:) that I had on State Farm for a year ($600 annual premium for depreciating coverage), that I wanted to switch because I don't plan to drive it much near term. I called them, faxed them the info and emailed one photo. A couple days later I had a temp card, even before they sent the bill a couple weeks later. ~90 George Washingtons a year for 9K stated value coverage.

A couple years ago I had a small claim on another P-car I have with them. No hassle, no issues, great service.

[Ferg]

Hagerty for me all the way.

I've had them from the start of the hobby, but I admit have never filed a claim.

The big reason I like them is the Company as a whole. They put a ton of resources back into the collector car hobby. They are high on the list of great places to work for, I have heard first hand it's true. They are always at events, and many of the staff are true car people, participating at many of the events throughout the year.

They care about the hobby in general and they show it.

[Amphicar770]

I've been with Hagerty for many years and give them top marks. I have had to file a claim with them (not on a Posrche) and the service was top notch, no cutting corners, they were totally committed to having the repairs done properly.

Hagerty is a bit weird and inconsistent sometimes around the rules for coverage. I have a Peugeot MI-16 which they told me was not eligible for coverage. I pointed out that they provided coverage for many years on this exact same vehicle to the person I bought it from (who I also referred to them). All of a sudden it then became that my son is under 21 and his car is more than 10 years old (even though it is low mileage and perfect). I pointed out that he is already excluded from coverage on any of the 4 other vehicles I already have insured with them. The rep just started tap dancing and I got nowhere.

Another up and comer, with very good feedback, is the program from Barrett Jackson thru TDC. They have the most reasonable rules around regular usage that I have come across.
http://tdcriskmanagement.com/?page_id=1610
They were willing to cover my XJR and the Peugeot but then would not cover my Amphicar for use in the water as Hagerty does.

Cost is important but make sure whoever you use has a reputation for being there should you ever need to place a claim.

[partwerks]

Unless they are checking the odometer, or spying on me, how do they know how much I am driving it?? (IMG:style_emoticons/default/hissyfit.gif)

[72 IXXIV]

If you get into an accident coming from work, or picking up a gallon of milk, etc. They could deny your claim.

At least that's what they told me.

Anyone have any stories of actually bumping up against that rule?

[bandjoey]

I was on the way home from my mechanic whom gave me a bottle of milk for my hungry cat when all of a sudden the tree jumped out and hit me (IMG:style_emoticons/default/piratenanner.gif)

[somd914]

I insure the teener and 84 Carrera with Hagerty. I am not restricted to just car events, etc. so running errands, going to dinner, etc are fine. Rates appear to be in line with all the others I received quotes from.

The big issue for me is that Hagerty is the only one I've found who will insure our sons (20 and 22). The others I've looked at including JC Taylor require all operators (not just the policy holder or declared drivers) must have X number of years of driving experience (typically 7-10) or be over the age of X (typically 25).

Hagerty will not insure our Lotus Elise however - for exotic cars they require all dailys to be less than 5 years old, but I have found others with similar restrictions. Our dailys are older than 5 years.

[Big Len]

jEFF - IIRC, I went to them first before Hagerty. They required about 10-12 days of paperwork exchange/verification before insuring the car. I couldn't wait that long because I was picking the car up in two.

That may be your perception but that's not my real world experience. I have been with JC Taylor since about 2004.

I have a 928 (:gasp!:) that I had on State Farm for a year ($600 annual premium for depreciating coverage), that I wanted to switch because I don't plan to drive it much near term. I called them, faxed them the info and emailed one photo. A couple days later I had a temp card, even before they sent the bill a couple weeks later. ~90 George Washingtons a year for 9K stated value coverage.

A couple years ago I had a small claim on another P-car I have with them. No hassle, no issues, great service.

Here's the problem with Taylor and it's not my perception.

They will not insure a newly bought car until you get it home. If you're driving or transporting from let's say another state, you have to go through your DD insurance until the car is back.

From there, you must fill out the application pages and MAIL (cannot do this online) it to them along with a pic of the car. Once delivered to them by snail mail, it will take a couple of days for them to process. How do I know this? I just called them to see if my memory was correct.

Hagerty will insure the car same day with the application being taken over the phone or online. They will insure the car while it is being transported or driven until it arrives home.

This is not an insurmountable problem, but it is more of a hassle. Like I said, I called Taylor first because of the good things I've heard about them, but the inconvenience and a similar quote led me to Hagerty.

[gfg3]

OK, I just got an email back from Hagerty about their quote for my soon-to-be-delivered '75. I told them that my car will definitely not be a DD, but I might want to use the car occasionally to get a haircut, go to the gym, go shopping, visit friends, and similar errands, or also just go for a nice drive.

Their response was that this usage is not something that they consider collector usage, and that means it's not something that will qualify with them.

I like Hagerty and what it stands for, and maybe they have different rules for different parts of the country and/or cars, but based on this I guess I'll look somewhere else even if I have to pay a little more.

George

[stugray]

WOW!

The misinformation on this thread is strong.
I will go back and look over all of my paperwork with Haggerty, but when I got my coverage it was made very clear that:

My 71 914 is a Vintage Race Car that is street legal.
It will be driven on the street ~200 miles per year.
It will be towed to the race track and garaged 100% of the time it is not at the event or being "daily driven".
I have teenagers with driver's licenses, but I have more than enough OTHER vehicles for everyone, and no-one else drives the 914.

They insured the car 110% (they cover spare parts if transported with the vehicle) for loss during transport or in storage and 100% liability.
It is even insured if a fire breaks out in my garage during the "resto".

It is NOT insured WHILE RACING or DURING THE EVENT if I am participating.
It IS insured during transport to/from the event.

I stated the vehicle value at $20,000 and it costs me ~$350 /year.

Now with all that said, I will go review my documentation to make sure I am not remembering incorrectly.

[john77]

OK, I just got an email back from Hagerty about their quote for my soon-to-be-delivered '75. I told them that my car will definitely not be a DD, but I might want to use the car occasionally to get a haircut, go to the gym, go shopping, visit friends, and similar errands, or also just go for a nice drive.

Their response was that this usage is not something that they consider collector usage, and that means it's not something that will qualify with them.

I like Hagerty and what it stands for, and maybe they have different rules for different parts of the country and/or cars, but based on this I guess I'll look somewhere else even if I have to pay a little more.

George

I've been following this thread with interest. Great to finally get a definitive answer from the horses mouth. This was exactly my experience with Hagerty and a number of other insurers.

I have a DD, but they would only cover the 914 for shows/pre-defined occasional use, which bothered me as I wanted the freedom to drive it without worrying if I was definitely covered.

A guy I was working with who had a beautiful old mustang recommended ANPAC to me and I now have my 914 and 2002 insured through them. On the stipulation that I have a 'main car' (02 Subaru), I can drive my other cars whenever and wherever I want [not including track use, obviously], even to work every single day if I want to. The only downside is that my Subaru's battery is now dead from lack of use (IMG:style_emoticons/default/smile.gif).

It seems that the one truth coming out of this thread is 'double check for yourself.' I don't really care what coverage someone else is getting, or thinks they're getting, I care what I am definitely getting, and it only takes a phone call to verify that.

[Big Len]

John - Agreed and that's the key here as buying any insurance; medical, life, whatever. Make sure it fits your lifestyle and your budget. But don't forget the details and shopping around and asking around makes you a better informed customer.

[somd914]

It's been a while since I actually read all the policy documents. From Hagerty's Classic Automobile Policy document (14 pages long) which is not marked as an exclusive Maryland document unlike like several others that comprise our policy:

"Classic vehicle" means a motor vehicle of unique or rare design and of limited production that is an object of curiosity and:

1. Is maintained primarily for use in car club activities, exhibitions, parades, other functions of public interest or for a private collection; and

2. Is used only infrequently for other purposes.

I see no mention of mileage limitations mentioned in any of the documents.

Given the large amount of documents (typical of all insurance), the varying policies dependent on car types and locations, I doubt seriously that the sales reps can positively describe the policy to potential customers. You are likely better off asking for policy documents to review before jumping in.

[stugray]

"Classic vehicle" means a motor vehicle of unique or rare design and of limited production that is an object of curiosity and:

Perhaps they give some leeway based on the State's definition of "Classic Car".

My car is designated as a classic car by the CO and has plates that say so.
Maybe they defer to the State's definition?

Or maybe when I stated I would drive my car "less than 200 miles per year on the street" that fell under some limitation that is not explicitly stated anywhere?

[GeorgeRud]

As insurance is regulated on a state to state basis, checking the actual policy that is in effect in your individual state would be prudent. I've heard good things about Hagerty, and obviously they're under pressure to keep good press as they do serve a very niche market. After storms took down show tents a few years ago at the Scottsdale auctions, all the classic car insurers did what they could to make their customers whole.

You have to be fair and not insure a car you use all the time as a classic and follow your policy's terms - it's a contract.

[Amphicar770]

As I said earlier, for flexible use policy check out the classic insurance program from Barrett Jackson thru TDC. They have the most reasonable rules around regular usage that I have come across and I looked very closely at all the names in above posts.

http://tdcriskmanagement.com/?page_id=1610