| In this segment of Eastwood Garage, Jim Grundy of Grundy Worldwide Collector Car Insurance joins us. This company that has been in business for 58 years specializes in insurance for street rods, antiques and classic cars. Jim joins Dennis to share some exciting news about product enhancements for buyers of classic car insurance from Grundy’s.
As Jim and Dennis begin to talk, Dennis mentions that the foundation of the collector car insurance industry is the “agreed value” policy, a concept that Grundy Worldwide Collector Car Insurance has created and embraced! If you aren’t familiar with this policy, it works like this. The 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! Here is the amazing thing: collector car insurance from Grundy Worldwide Collector Car Insurance is more affordable than most people might think. Just to get an idea of how affordable it is, a car with approximately $20,000 in value might easily be insured for as low as $165 per year. Full coverage for a car with an agreed upon value of $40,000 is approximately $250.00 per year! Getting insurance from Grundy’s is so simple! As Jim said during a prior visit, “Just send pictures of your car. If we agree on the value, and if you lose your car, then that “agreed value” is the amount you will receive!” There is no depreciation as we previously mentioned, and there are no questions asked. As always, 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, but the only mileage restriction is that the car can’t be used for general everyday transportation. In other words, it can’t be your daily driver.
Now about those new product enhancements! First of all, Jim tells Dennis that last year the company added towing and trip interruption insurance all at no charge. This year it is even more convenient and better to be a Grundy customer as they now have credit card acceptance over the phone and online for new policies and for renewal payments! But wait! That’s not all! Grundy has also added a new feature called “Inflation Guard.” This means your coverage now increases 5% per year and with no cost increase. In fact, Jim noted that there hasn’t been a price rate increase at Grundy’s in 25 years! Part of the reason this is possible is that Grundy has the highest settlement ratings in the business! In other words, this is a win-win situation for everyone!
When you think about it, an insurance policy from Grundy has to be one of the biggest values in the collector car industry. It’s a product that no classic car owner can 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 Collector Car 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. Plus, 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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