Just what is "Agreed Value"?

Agreed-value coverage is a vital concept for a collector. But an estimated 50 percent of car hobbyists still have their vehicles insured under standard coverage. That’s bad news for the owner (and possibly bad news for the insurance professional’s E&O policy) when there’s a claim. Agreed-value coverage is almost always a better fit for a collector’s needs than is standard auto coverage.
Here’s how agreed-value coverage works: The insurance provider and the collector jointly agree at time of policy issue on the value of the collector vehicle, based on recent sales, auto pricing manuals, and other data. Then, at claim time, agreed-value coverage pays the car’s insured value, minus the deductible, in the event of a total loss. Nothing is more disappointing to a collector than hearing they’ll be reimbursed at book value.

Read about agreed-value coverage: www.americancollectors.com/Collector_Vehicles/Policy_Features/28/

We're approved in Alaska!

And we got a mention in the Insurance Journal!

Auto Industry Blues

We're car enthusiasts to our very core. Not just due to our business (we insure classic cars, trucks and motorcycles) but also because we completely appreciate the time, effort and passion that goes into creating a really great vehicle - collector or fresh off the assembly line. What is happening to the icons of the business is truly heartbreaking. It leads us to wonder what affect it will have on the car collecting hobby? How will it affect the hunt for classic GM parts? So many things to consider. Our thoughts go out to those dealerships that were told to close yesterday.

Let's all hope for brighter days ahead, soon!

The REAL Cougar!

Unlike the new reality show which premiered on TV Land last week, we associate the term Cougar with the luxury car that was introduced in 1967 and made its mark on the American street scene. The first Mercury Cougar was an upscale version of the Ford Mustang and featured a three-inch longer wheelbase and more mature styling. Later versions of the Cougar were based on the Thunderbird and the last was a version of the Contour/Mondeo.
The Cougar was significant to Mercury's image for many years. “At the sign of the cat” was an advertisement used to identify Mercury dealers and most Cougar ads in the early 1970’s showed models holding big cats on leashes.

In 2002, Ford announced a restructuring plan and the Cougar was cancelled, along with the Ford Escort, Mercury Villager and Lincoln Continental. While no longer in production, you can still spot the elusive cat car at shows and cruises throughout the summer season. Meow!