| In today’s segment of Eastwood Garage, Dennis is joined by Jim Grundy of Grundy Worldwide Insurance, a company that has been in business for 57 years and specializes in insurance for street rods and antique and classic cars.
Their conversation begins by Jim telling Dennis that the classic car hobby is booming and has literally doubled in the last few years. Consequently this means that the need for collector car insurance has also increased! Collector car insurance from Grundy Worldwide Insurance is more affordable than most people might think. Just to get an idea of how affordable, a car with approximately $20,000 in restoration costs might easily be insured as low as $130 per year! You see, Grundy Worldwide works on the practice of an “Agreed Value Policy,” and that means they work with you to decide on the value of your car. 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. So if an accident or theft occurs, the customer receives the “agreed upon” value—no questions asked! As Jim says, “Just send pictures of your car. If we agree on the value, and if you lose your car, the “agreed value” is the amount you will receive!” There is no depreciation, and as previously mentioned, there are no questions asked. At that point, Dennis asks what happens if your collector car suffers a dent or damage. Jim responds that Grundy makes the process absolutely painless for owners. You take the car to the shop where the restoration was performed, and they will negotiate directly with the shop—you don’t even have to get estimates!
Jim also goes on to tell Dennis that when insuring a classic car with Grundy there is no mileage restriction on your 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. In other words, it can’t be your daily driver. 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. Grundy Worldwide has another unique feature. They insure 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 may 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. Drive your car, enjoy, have fun, and don’t worry.” 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.
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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