Re: Insurance upgrade offer.

["David Teitelbaum <jtrealty@xxxx>" <jtrealty@xxxx>]

Insurance is a real tough thing to compare between different states. 
Every state has different rules that the insurance companies must 
operate under and it changes the limits, coverage and premiums. I DO 
have Hagerty in New Jersey. It is a limited mileage, collector's 
policy. I can only drive 2,500 miles a year (they aren't too strict 
about that as long as you don't say rack up 6,000 miles in 2 years 
say). If I wanted more than $20,000 I would have to have the car 
profesionally appraised and supply them with photos. The premium would 
also be A LOT HIGHER!!! Right now it costs me about $325 a year. I 
never had a claim with them. They seem very nice on the phone and they 
seem to care about the customers and are interested in collector cars, 
they seem to specialize in them. They advertise in many of the car 
publications and I see them at many shows. I hope I never have to find 
out how cooperative they are at settling claims. Here in New Jersey we 
are among the highest cost car insurance states in the country. We 
also seem to every year lose a couple of insurance companies so the 
costs go up higher every year with less and less competition. On a 
daily driver it is not unheard of to pay $2,000 for a bare bones 
policy even with a good record. It is important that in the policy 
there is a "Declared" or "Agreed Upon" value so if the car is stolen 
or totaled that is what you receive less any deductible. I have AAA 
for my wife and 2 daughters and it is cheap for the piece of mind, 
they don't have to call me if they forgot to turn the lights off or 
have a flat or run out of gas! AAA also gives you enough maps to cover 
the membership and they can save you money on hotels and travel 
through their arangements.
David Teitelbaum
vin 10757


--- In dmcnews@xxxxxxxxxxxxxxx, "mlick27 <mlick27@xxxx>" 
<mlick27@xxxx> wrote:
> It's been a while since the dreaded Insurance thread has come up. 
> Yesterday I stopped by my Allstate agent to see about making some 
> changes to my policy when he mentioned that they just started a new 
> partnership program with Hagerty Insurance. In the end, my agent 
> switched me, gave me better coverage, and saved me about 40% per 
year!
> 
> They're roadside assistance program is only $15/year and included 
> flatbed towing (first $50 covered for up to 3 times per year), 
> battery jumps or new battery delivery, flat tire service, lockout 
> service, and fuel delivery when you run out of gas. That's a lot of 
> peace of mind for $15! Info on it at 
> http://www.hagerty.com/NewsManager/templates/faq_template.asp?
> articleid=61&zoneid=21
> 
> To me, going with Hagerty looks like such a great deal. Does anyone 
> have any experience with them, positive or negative, when either 
> filing a claim or needing assistance?
> 
> Insurance reminder to the lurking newbies, when insuring a D, be 
sure 
> you state and give proof of a declared value for the car. That's 
> what they'll pay if it's totaled or stolen.
> 
> -- Marty