I'm Dennis Hendrickson, a licensed insurance agent. If you own a Ferrari, Lamborghini, Rolls-Royce, Porsche, a vintage Jaguar or any other car worth six figures or more, I compare agreed-value collector programs for one car or a whole collection. Send the cars and photos, and I come back with options.
Three questions decide whether a car fits a collector program and what the policy should say. The answers differ from insurer to insurer.
A regular auto policy generally pays what the car is worth at the time of the loss, which for a rare car can be hard to agree on after the fact. Collector programs commonly write an agreed value up front, so the number is settled before there is a claim.
Collector programs usually expect the car to be garaged and driven for pleasure, shows and club events, not as a daily driver. Storage, security and how many miles you put on it all go into the underwriting.
Most collector programs expect an everyday vehicle to be in the household, so the collector car is not the only one you drive. If it is your only car, tell me. That changes which kind of policy fits.
Whether a particular car counts as a collector vehicle depends on the insurer, its age, how it is used and where it is kept. I sort that out first, car by car.
Ferrari, Lamborghini, McLaren, Aston Martin, Bentley, Rolls-Royce, Porsche and similar. A newer exotic that is driven every day is usually a different kind of policy than a garaged weekend car, and I say which is which.
Jaguar E-Types, early Porsches, Mercedes-Benz 300SL, Corvettes, Cobras, pre-war Rolls-Royce and other collectible cars, restored or original.
Several cars under one program, so the collection is looked at as a whole: where the cars live, who drives them and how the values are documented.
You do not need everything on day one. This is what insurers tend to ask for.
It is a value you and the insurer settle on when the policy is written, and it is what a covered total loss pays, instead of an after-the-fact market value. Each insurer has its own rules on how the value is documented.
It covers the car, but usually for market value at the time of the loss, and it may not reflect restoration or rarity. Read the valuation wording on your declarations page, or send it to me and I will go through it with you.
Often, for higher-value cars, though requirements vary by insurer. I confirm what a specific insurer wants before you spend money on one.
Collector programs generally are not built for daily use. A high-value car that is your regular transportation usually goes on a high-net-worth or premium auto policy instead, and I will tell you which one fits.
Owners in any state can start a quote. Licensing and insurer availability depend on the state where the car is kept, so I check both first and tell you plainly if I cannot place it.
No. I only help owners insure the cars they have.
It depends on the car, its value, where it is kept, who drives it and the insurer. I do not quote a figure until I have the details, and I will not guess one here.
Start a quote and upload photos, or call, text or email with the car and where it is kept. Reply however you prefer and I will use it.
(941) 957-2796