Re: alternatives to Hagerty Classic Insurance? - Hang in there.

[MMosko@domain.elided]

Dear Deane: You must have gotten a newbie behind the desk at Hagerty. What a 
lousy attitude that guy has! I want to make a suggestion since I've been a 
Hagerty customer (with pleasant stories) for the last five years). Go back to 
this guy and ask him why, Hagerty issued a "agreed  value" policy with 
effective date 06/07/02 for one year through CNA Personal Insurance to Marc 
Mosko of Hollywood, Florida covering his '74 GTV for $15,000 and his '65 
Giulia Veloce Spider for $50,000 (fifty thousand)? Policy number 191502516, 
premiums for one year are: Liability ($500,000) - $41, Uninsured motorist 
($100,000) - $12, medical payments ($5000), personal injury protection 
($10,000 per person) - $4 and '74 GTV premium for collision and theft 
($15,000) is $90 and '65 Spider Veloce ($50,000) is $300. 

Marc Mosko                                                                    
                                                          President, South 
Florida Alfa Romeo Owners Club
Hollywood, Florida
'65 Giulia Spider Veloce
'74 GTV 2000 T.S.
'91 164 S






In a message dated 1/21/2003 9:29:44 AM Eastern Standard Time, 
owner-alfa-digest@domain.elided writes:

> Subject: alternatives to Hagerty Classic Insurance?
> 

> Hi Group:
> 
> I had a rather disheartening conversation yesterday with an underwriter at 
> Hagerty Classic Insurance, of course, regarding my 2 Alfa Spider's.  I'm in 
> 
> my second year of coverage for my '74 Spider and wanted to add the '87 
> (purchased by me in November) to the policy.  Before I bought the '87 I 
> called Hagerty and asked about coverage and was initially turned down, on 
> the basis of its being newer than an '83, which is their cutoff.  My point 
> then was that just about any year Spider is a Spider, and they're almost 
> identical cars, except for the obvious intake/exhaust/bumper/trim 
> differences.  The agent agreed, and asked me to send pictures of the two 
> cars side by side, to support my argument for the underwriter, who would 
> then allow the exception.  Long story short, they won't take the '87 
> Spider, and made some additional disparaging comments about Spider's in 
> general.  In their opinion, Spider's are, and will continue to be, 
> depreciating assets, because of the large numbers of them sold here in the 
> US (WHAT?).  Now, even my '74 is on their chopping block, and unless my 
> daily driver is less than 3 years old, they don't want to cover either of 
> my Spider's.  The underwriter said that cars more than 3 years old are 
> deemed unreliable as daily drivers (WHAT?), so I might be tempted to use 
> one of the Spider's as a backup car to drive to work (I'm a retired, 44 
> year old pre-med student).  My daily driver is a mint '94 Volvo 850 Turbo 
> with less than 100K; so I'm supposed to replace a $35K -$40K car every 3 
> years now?  Don't Volvo's last forever?  That's what the dealer told my 
> wife ;>)
> 
> Anyway, it seems there are other companies out there that will be more than 
> 
> happy to insure both my '74 and '87 as pleasure cars, with premiums ranging 
> 
> from $156 - 209/year for the pair.  Has anyone used any of these 
> companies:  Great American Classic Collector's, American Collector's, 
> Leland West, Grundy, or Parish Heacock?   Please share your experiences 
> with the Digest, and I'll need coverage in the next few weeks, so I'll be 
> watching, too.
> 
> Regards,
> 
> Dean
> Lutz, FL
> '74 &'87 Spiders (losing value as I write this)
> '94 Volvo 850 Turbo (6+ years past being reliable daily transportation)

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