| The one thing that everyone must have is car insurance, and for those in the classic car hobby often is the case that one's regular car insurance carrier doesn't have coverage available for classic and specialty automobiles. In today's segment of Eastwood Garage, Sam and Dennis are joined by Jim Grundy of Grundy Worldwide Insurance, a company that specializes in insurance for street rods, and antique and classic cars.
Jim began the episode by telling Sam and Dennis that the classic car hobby has literally doubled in the last two years, and consequently, the need for collector car insurance has also increased! At that point, Sam pointed out a beautiful custom street rod to Jim. Sam estimated that the owner must have approximately $75,000 invested in the car! Sam then popped the question, “So, what would it cost to insure a car like this one that has a value of $75,000?” Jim responded with an answer that seemed unbelievable! Jim told Sam that on an “Agreed Value Policy” of $75,000, a full coverage, zero-deductible policy would run approximately $400 per year! That's less than most people pay for their passenger cars! Next, Dennis pointed out a sweet Pontiac GTO worth approximately $20,000. Believe it or not, Jim told Dennis that full coverage on this GTO would only be $160 per year! And if these rates are not impressive enough, then check out this feature: there is no mileage restriction on your street rod, classic, or antique! You can drive your car as far as you want and as often as you want! Now, one more thing, Dennis asked Jim what the term “Agreed Value Policy” actually meant. Jim stated that this was the beauty of the policy itself— a car's value is determined and agreed upon by the company and the owner when the policy is written, so if an accident or theft occurs, then the customer receives the “agreed upon” value—no questions asked! Jim said that this process has worked so well that Grundy Worldwide has the highest claim settlement satisfaction rate in the industry. And, that type of reputation has gotten Grundy Worldwide the recognition as the official insurance representative for such collector car authorities as Kruse International, Good Guys, and Blackhawk. Jim also mentioned that Grundy Worldwide has another unique process for folks who want their cars insured while they are restoring them. Customers can actually insure their cars while they are under construction and increase the value of their coverage as they proceed! When you think about it, this has to be one of the biggest values in the collector car industry, and it's a product that you can not afford to be without. So, if you would like more information on Grundy Worldwide Insurance for your classic car or street rod, you can give them a call at 1-800-338-4005, or you can visit them on the web at www.grundy.com .
Also, if you have any other questions concerning these or other products, go to www.myclassiccar.com . And by the way, don't forget when you are looking for unique automotive tools and supplies for your automobile restoration, you should give the folks at Eastwood a visit at www.eastwood.com .
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