Re: Attention customers of HAGERTY and GRUNDY

[scott-c-arnold@xxxx]

I have yet to pick up my first DeLorean, so I have no idea what 
Hagerty and Grundy are all about. However, for those who are 
scratching their heads on insurance, here is how I believe it works. 
Feel free to debate if you think I am wrong. 

If memory serves me correctly, if your car is hit in the parking lot, 
the person that hit it is of course liable, and their Liability 
coverage should pay for it (or you can probably sue them if they don't 
have insurance, but no promises there). However, if it was a hit and 
run, then it may be impossible, without good witnesses, to find the 
liable person. In this case, the damage can still be covered by 
Collision coverage, just as if you had hit someone else. Of course, 
this requires that you HAVE Collision coverage, which is usually the 
most expensive. Now, if your car is stolen, you need yet a different 
coverage, Comprehensive. Comp is good because it is usually cheap and 
covers non-collision events like theft and various acts of nature.

I am familiar with Shelter Insurance in the mid-west, and I don't know 
if they insure DeLoreans or not. However, I do know that they at 
least have rating data on DeLoreans, which is a good bet that they 
might insure them.

Just my two cents...

--- In dmcnews@xxxx, "Marc A. Levy" <malevy@xxxx> wrote:
> After the discussion earlier this week about insurance, I called 
both
> HAGERTY and GRUNDY and asked the question:
> 
> 
> "If my car is hit in the parking lot at work or stolen from work, 
will
> you pay the claim?"
> 
> The answer was a definite "NO".
> 
> 
> If you are insured by either company, know your risk!