Need a Market for Collector Car

Oct 20, 2016

  1. BuckeyeR
    Offline

    BuckeyeR New Member

    Posts:
    8
    Likes Received:
    0
    I have a client who purchased a 1961 VW Kit Car EMPI Sportster and I am looking for a company who will insure the vehicle-it was titled in California and now will be licensed in Ohio.

    I tried Haggerty, Foremost out of JC Taylor and all standard companies who offer collector car insurance, guess because it is a kit car it creates issues.

    Any advice is well appreciated.

    Thank You
     
    BuckeyeR, Oct 20, 2016
    #1
  2. BlockO
    Offline

    BlockO Guru

    Posts:
    1,011
    Likes Received:
    2
    State:
    Ohio
    I've ran into this same problem. I wish I knew of a carrier that insured kit cars (and motorcycles). I've had a lot of requests for kit car coverage that I couldn't help.

    problem is, it's too difficult to determine market value on those vehicles. thus companies won't touch it.

    I'm sure there are carriers out there that do this. But I haven't found them.

    I tried the same companies you did, plus american collectors ins.... nada!

    the only thing I found was Progressive will insure some kit vehicles for liability only. no comp or collision.... however, I have sold a couple of those just because the insured couldn't find coverage elsewhere. :no:
     
    BlockO, Oct 20, 2016
    #2
  3. BuckeyeR
    Offline

    BuckeyeR New Member

    Posts:
    8
    Likes Received:
    0
    Thanks I checked Progressive early on no luck
     
    BuckeyeR, Oct 26, 2016
    #3
  4. MGBAgency
    Offline

    MGBAgency Expert

    Posts:
    93
    Likes Received:
    1
    Do they wanted Agreed Value of Stated amount? What's it worth? If it's low value just run a stated amount policy with a preferred company and make the VIN work?

     
  5. BuckeyeR
    Offline

    BuckeyeR New Member

    Posts:
    8
    Likes Received:
    0
    It is worth about 15k-I finally did get a standard company to write it after insuring another vehicle with them-client has 8 other cars so I just took one and wrote it with the company and then was able to add the kit car.

    Figured I made about $1.09 an hour in commission-but kept client happy which we all know is priceless
     
    BuckeyeR, Oct 27, 2016
    #5
  6. kgbrokerNJ
    Offline

    kgbrokerNJ New Member

    Posts:
    3
    Likes Received:
    0
    American Modern ?
     
  7. BuckeyeR
    Offline

    BuckeyeR New Member

    Posts:
    8
    Likes Received:
    0
    Not American Modern put it with Grange
     
    BuckeyeR, Oct 30, 2016
    #7
  8. agentinsouth
    Offline

    agentinsouth Guru

    Posts:
    649
    Likes Received:
    2
    Hagerty ..............
     
Loading...