Hagerty vehicle under construction insurance

[Grumpy old man]

As the truck keeps getting closer to being finished and the new parts pile continues to climb , It's time to insure it , My concerns are fire and theft so I called Hagerty and placed Comprehensive and Vehicle under construction insurance along with Cherished salvage coverage and $2500.00 on tools . No sense paying for collision when I'm not driving it yet . An Agreed value policy at $35,000.00 will let me sleep better and and I can upgrade with collision and a higher agreed value when it's done .


Vehicle Description Body Type VIN Guaranteed Value Type
1 1967 CHEVROLET C10 1/2 TON 2DR FLEETSIDE
SHORT BED $ 35,000 Truck/Jeep/SUV -
Modified

Garaging: Private Garage/Barn/Pole Building Vehicle Symbol: N/A
Coverage is provided where a premium is shown for the coverage or "INCL" is displayed. NA: Coverage does not apply
Policy Coverages Vehicle 1
Coverage for Damage to your Auto(s)
Other Than Collision $419.00 ($0
Ded.)
Vehicle Under Construction Endorsement $ 20.00
Spare Parts - $2,500 Total Limit ------------------- $6 ($0 ded) -------------------

Policy Discounts/Credits, Surcharges, Other
Miles Driven Annually 0-500 Applied
Item Limit
of Insurance Optional Coverages Deductible Premium
Cherished Salvage ® INCL
Collector Vehicle Automotive Tools (Un-Scheduled) $2,500

https://www.hagerty.com/insurance/cl...lvage-coverage

https://www.hagerty.com/insurance/cl...r-construction

[72SB]

Good idea....you might want to get a quote from Grundy to compare cost and coverage when your renewal comes up. I found them to cover more and cost less. Have only had minor claims with them over the last few years and service was excellent.

Not saying anything bad about Haggerty, just when I shopped, Grundy offered more for less.

For my 3 hobby cars @ $50, $40 & $40k its under $600 a year, $0 deductible, no milage restriction, towing, lodging if vehicle stolen or wrecked when not home, medical, collision, glass and personal property, etc.

Did the whole thing online, never talked with anyone. Did have to send in 2 pics of each vehicle, must be garaged, can't be your DD. Got quote which stated it would take a few weeks for underwriting approval so not to cancel any existing insurance until it was. That took about a week. Have had them for 8 years now. YMMV

[Rust_never_sleeps]

TIL there's a thing called "Cherished salvage" coverage.
In case I'm not alone: https://www.hagerty.com/insurance/cl...vage-coverage?

....also, thanks for this breakdown, Grumpy

[zicc1835]

good info here subsc

[Willie Makeit]

I 2nd the suggestion on a Grundy quote. They beat Haggerty by almost half with one of my trucks.

[Accelo]

I use these guys
ncminsurance.com
My insurance bill dropped by over on third over Haggerty.
Plus is a real person answers the phone.

[MySons68C20]

i insured the 68 for 40k with State Farm after Hagerty went from $600.00 a year to $800.00
It is worth a look and the agent has been painless to work with.
I think it pays to shop a bit depending on where you live.
The agent did not need pics or anything.
Hope this helps.

[72c20customcamper]

Rates vary by zip code I have 9 vehicle insured with Hagerty and my total comprehensive for all 9 is $448

[72SB]

Rates also vary on home much "agreed value" in the event of theft or damage.

[72c20customcamper]

Originally Posted by 72SB

Rates also vary on home much "agreed value" in the event of theft or damage.

My least valued car my 68 anniversary is 10k my Chevelle is 55k . Total about 200k combined. Glad they aren’t all stored together