| The one thing that everyone must have is car insurance. For those in the classic car hobby, they often find that their regular car insurance carrier doesn't have coverage available for classic and specialty automobiles. In this segment of Eastwood Garage, Dennis is joined by Jim Grundy of Grundy Worldwide Insurance. This company has been in business for 56 years and specializes in insurance for street rods and antique and classic cars.
Their conversation begins with Jim telling Dennis that the classic car hobby is booming and has literally doubled in the last two years. Consequently, the need for collector car insurance has also increased! Jim also mentions that collector car insurance from Grundy Worldwide Insurance is more affordable than most people might think. Just to get an idea of how affordable it is, Dennis turns to his own 1963 Falcon convertible that has been totally restored. Dennis states that he has approximately $20,000 in the restoration and wants to know what a car at that value would cost to insure. Jim's response is that on an “Agreed Value Policy,” the rate would be an unbelievably low $130 per year!
If these rates are not impressive enough, check out this feature. Jim tells Dennis that when insuring a classic car with Grundy, there is no mileage restriction on the street rod, classic, or antique car! Owners can drive their cars as far as they want and as often as they like. The only restriction is that the car can't be used for general everyday transportation. One more thing… Dennis asks Jim what the term, “Agreed Value Policy,” actually means. Jim then tells Dennis that this feature is 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. If an accident or theft occurs, the customer receives the “agreed upon” value—no questions asked! Jim also notes that this process has worked so well that Grundy Worldwide has the highest claim settlement satisfaction rate in the industry, and they have had no rate increase for 30 years! It is no wonder 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. Later, Jim also tells Dennis that Grundy Worldwide has another unique feature, insuring cars for folks while they are in the process of restoring them, whether it is in their own garage or in someone else's shop. Furthermore, customers increase the value of their coverage as they proceed with the restoration! 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 any classic car owner cannot afford to be without. After all, when it comes to the safety of your classic car, as Jim says, “Peace of mind is the key.” 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 .
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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