| Specialty insurance from a classic car insurance | | | | collectors with more than one vehicle. Grundy's |
| company offers a number of benefits for those who | | | | antique auto insurance policies have a number of |
| own and drive collector cars. Companies that | | | | built-in coverage perks, which include towing and labor |
| specialize in antique car insurance can offer better | | | | expenses, car show medical reimbursement, |
| coverage with lower premiums than a standard auto | | | | automatic 30-day coverage for new acquisitions, and |
| insurance company, but the better coverage and | | | | coverage for the loss of spare parts. They even |
| lower premiums come with some restrictions. There | | | | have "Trip Interruption" coverage for costs incurred |
| are a lot of points to consider when choosing a | | | | from a breakdown on the way to a show (such as |
| classic auto insurance provider, so it is important that | | | | transportation, lodging, and meal expenses). One |
| you do your homework in order to find the antique | | | | feature that Grundy provides that many others do |
| auto insurance provider that is the best fit for you. | | | | not is their "Inflation Guard", which automatically |
| Grundy Worldwide is one insurance company that | | | | increases the amount your vehicle is insured for by |
| specializes in collector car insurance. They have been | | | | 4% each year. |
| in business since 1947 in Horsham, PA just north of | | | | Like any other vintage car insurance provider, Grundy |
| Philadelphia. Since their beginning, Grundy Classic Car | | | | has some restrictions. Your car must be stored inside |
| Insurance has covered over 1.5 million collector | | | | a locked garage when not in use; you must have a |
| vehicles, and they are one of the fastest growing | | | | daily driver vehicle for each licensed driver in your |
| classic auto insurance companies. The owner is a car | | | | household in addition to the classic vehicle; and the |
| collector and restorer himself, having won awards at | | | | car must be in excellent condition. The vehicle should |
| several of the major collector car events in the US. | | | | only be used for collector activities, but one feature |
| His involvement in the hobby helps him to understand | | | | that sets Grundy apart from many other classic |
| the wants and needs of other car collectors. | | | | antique auto insurance providers is that they do not |
| Grundy Classic Car Insurance is the originator of the | | | | have a mileage limitation. Many antique classic car |
| Agreed Value policy, in which the insurance company | | | | insurance companies have limits ranging from 1,000 |
| and the car owner set an agreed value on the | | | | miles up to 6,000 miles per year, but with Grundy |
| vehicle before the policy is initiated. If there is a total | | | | Nationwide you can drive the car to as many distant |
| loss, the car owner receives the full value of the car, | | | | car shows as you like without worrying about |
| instead of what the insurance company decides the | | | | exceeding a yearly mileage limit. |
| car was worth after the fact. Grundy will insure any | | | | Grundy also offers specialized insurance for |
| year vehicle, even late model cars as long as they | | | | restoration shops. It provides Agreed Value coverage |
| are used for show, hobby and pleasure purposes | | | | for the Garagekeepers portion of the policy, instead |
| only. Many other collector auto insurance companies | | | | of the Actual Cash Value coverage that other |
| will only write policies for vehicles of a certain age or | | | | insurance providers offer. Since they don't offer this |
| older. | | | | policy to mainstream collision repair shops, the |
| Grundy only uses underwriters with an A.M. Best | | | | premiums are lower than they would be for the |
| rating of A+ or higher, which means the companies | | | | often inadequate protection a specialty shop gets |
| are very stable financially. They offer liability up to | | | | from a standard insurance provider. |
| one million dollars, and have a single liability charge for | | | | |