What is an Agreed Value, and why do I care?
Most auto policies are Actual Cash Value. The insurance company decides what your collector car is worth at the time of the loss. If you do not agree with them, chances are you'll need a lawyer to help you argue the point. Many collector policies sell Stated Value as if it was the same as "Agreed Value". It is not! Stated Value policies pay The Stated Value or The Actual Cash Value ... whichever is less. All that Stated Value does is help decide how much premium you pay. Only an Agreed Value is without hidden gotchas. If your car is stolen or totaled, you will receive the Agreed Value. Period.
Learn the advantages of protecting your car with a “collector car” insurance policy compared to a standard automobile insurance policy, and understanding the difference between Actual Cash Value, Stated Value and Agreed Value, are just a few examples of what you will find.
How old does my collectible or exotic car have to be before its eligible?
Many are eligible right off the showroom floor, brand new. Others need a little time in the market to either be recognized as collectible, or for their numbers on the road to decrease to the point where they become sought-after.
Do you require an appraisal?
No. Save the money you would have spent on an appraisal. Its our job to know the market, and collectible car insurance is our only job. We have the experience in-house to know what your car is worth in almost all cases. When we don't we'll talk to you and listen to what you can tell us about your fine auto. That should be enough for the two of us to come to an Agreed Value.
Can I finance my premium?
Annual premiums under $500 can be put on our 4-Pay plan.
Why are your premiums so low?
You drive the car less, you take great care of it and you deserve to get a break on what you pay as a result. We aren't automatically treating you like a high risk just because you have a high performance car.
Is my car covered when it is in a restoration shop?
Yes. You will need to submit the garage location to us just like you would any garage location. We can then review it and approve your shop as an approved garage location for your vehicle.
Do you insure modified cars?
Yes. The car hobby is in our blood too. We understand you can be the artist and the stocker is your blank canvas. We'll want to see what you've done (give us a parts list and a description) in advance and made sure you've done it smart. Once we look things over we'll insure you for a fair agreed value for the added parts. We do have our limits though. If just for example we see a full cage, parachute, slicks and a blower ... well, we reserve the right to chicken out.
How many pictures do I send with my application?
Five. One showing each side of the vehicle and one showing your garage, standing back a ways so we can see the whole structure.
Can I email everything to you?
Absolutely! Emailing your materials makes it faster and easier for everyone. The only requirement we have is your photos must be at least 1024x768 in size (or one megapixel, whichever is easier for you). You can also email us your pictures full size right out of your camera. There's no need to resize them, and if that creates a big email don't worry... we have big mailboxes. Send application information to