Interesting, I'll be following along. I use State Farm for all my cars but I will probably be looking into some track day insurance for the M3 if I take it on track. I crashed the S2000 I had before on track and just paid out of pocket to fix it. I have definitely not told State Farm that I do track events but I also don't expect them to cover anything that happens there.
Ok I love love love hagertys
ive written on here several times what an incredible experience I had with them. Basically they gave me the full value of my policy ($100,000) when they didn’t have to.
The only issue s sue I have with them is they are pretty inconsistent on there rulings. I’d call back and pitch it to them and I bet they let you stay on.
I'm crossing my fingers for an undertrained rep. That's a doozy of a mistake for a company that basically specializes in those things, but... People are imperfect, the lot of us. Anyhow, totally looking forward to hearing what the result is.
Received another call from Chandler at Hagerty today and all is good in the neighborhood. It was a simple misunderstanding between the agent I spoke to the other day and the underwriters. I'm with icaneat50eggs, Hagerty stepped to the plate and hit a home run. I will be booking my track day policy with them for Hyperfest and I appreciate the way they handled this situation.
On another note, those of you who don't buy track day insurance, DO IT! My quote from Hagerty for up to three days for an agreed value of $14,000 and a 10% deductible is $155. Come on. Can't beat that with a stick for peace of mind.
Thank you Hagerty.
Nice. Glad to hear it was resolved.
pretty awesome customer service to reach out on here as well.
Awesome!
I've been struggling with this as well with a project car that falls through the cracks of agreed-value insurance.
I have an '87 Mercedes 190E Cosworth that's caged, stripped, and log-booked. I'll run it at the occasional vintage racing festival or BMW CCA race weekend (maybe 1-2 times a year). But it's still street registered. I drive it to and from the track. It gets some use on weekend mountain drives, cars & coffee type events, and that kind of thing.
So, I've got about $40k "invested" (LOL) in a project car that I can't get agreed value insurance for. If it gets side-swiped by a truck during a fun rally with the local Mercedes club, I'm getting $1500 (or whatever the KBB value is). Makes me think twice before using it at all.
I tried but failed to get an agreed value policy for my Mini with Hagerty. They did not like my car.
In reply to SHAKESBEARD :
Im in nc also, and had similar experiences with hagerty. I went to grundy. They essentially said "dont daily the damn thing, keep it under lock and key at night, dont loan it, and dont race it."
Hagerty had a 9 page list of limitations, and i mentioned autocross once, which was enough to get me blacklisted.
Withholding information sounds clever until your claim gets denied.
Goes both ways, and it's not a fair fight when one side has a much better idea of what not to say than the other side has of every specific question to ask. Like how this thread got started..
But oh well. Fine print is fine for a reason, salespeople are salespeople, and normal is normal. This industry will always be dirty, and interactions with it will always be adversarial at their core when it comes to who gets money and who loses it. Given that corporations are legally bound to a profit motive, it's always going to be safer to limit your exposure to risk (just like they're doing) than to simply place your trust in an entity that truly only exists to take more money from you than it gives back.
So who do we go to? I've been turned down by Grundy and Hagerty who for obvious reasons want to focus on the collector who hardly ever drives their vehicle and putts around like an old lady when they do. Hagerty was fine with my car when it could clearly be considered a Lotus 7 replica. Now that I've got an exo-framed vehicle that bears no resemblance to anything production...fugetaboutit.
Waking up an old thread as I recently have had classic car insurance woes, but with an interesting twist.
Hagerty declined to write my policy because the car occasionally sees an autocross. After talking with them, and having a very similar conversation to what others here have described, I learned that the specific reason in my case is that in the commonwealth of Virginia they cannot write an exclusion for untimed track events or autocross. I'm doing some more research now, but it makes me wonder if regular insurance has to cover you on track in Virginia. Does anyone have specific knowledge about this?
Also, my car, 1968 GTO, is worth less than the average asking price for any example online. It has me wondering if somehow I might make out fine with regular insurance compared to agreed value in the event of a total loss.
This is raising some interesting Q's. I'd love it if someone from Hagerty could come on here and give us a break down of different States rules. Actually it seems like a good magazine article. The funny thing here in Michigan is Hagerty have done (lead and follow) track days at M1 Concourse for their members, so know it's not their own rules.
Hagerty won't write a track specific policy here in Colorado, says they can't. Wonder if it's like USAA saying they can't insure motorcycles here in Colorado...
Timely revival of this thread for me. I'm looking at autocross coverage for my Miata and restoration coverage for the Morris.
Lockton Affinity is the company that is being recommended around here. Calling now.
In reply to pushrod36 :
Since I'm also in VA I'll throw out my experience. Both my RX7s are insured through Heacock (an American Modern company). I do track days in my 86 and was upfront with them about this. I was told my insurance applied for on-road use only and that anything that happened on track would be on me to cover. That didn't seem to affect their ability to insure my on-road use for the agreed value. Maybe it's because my agreed value isn't really that high for a "classic car." I took their word for it and haven't mentioned it again.
Interesting revival, as my FB feed sees a lot of ads from Hagerty for track day insurance. I am in Colorado. Of course, Facebook being Facebook I'll never see that ad again. But if I do, I'll take a look and see what it says.
Google track day/HPDE insurance. There are multiple companies, like Lockton Affinity, and others that provide this type of coverage at a fairly reasonable price.
Hagerty covered my Exocet as a Lotus 7 replica (which is what it was titled as) for stated value AND wrote a couple of track day polices on it when I was on unfamiliar tracks.
Not directly related to track insurance, but got a marketing email from Hagerty the other day saying they now insure classic travel trailers- BOOM! Awesome, I thought. Called for a quote this morning, good numbers, and I said, lets do it (72 Airstream, restored), and for whatever reason, because I store my trailer in my driveway (in CA), they can't insure it. Not a lot of dudes who own garages large enough to house a trailer, so I thought it was weird. Anyway, the salesman was courteous about it, and no hard feelings, but this is all just to say that yes, there must be some state-specific BS they (and we) have to deal with.
Just a guy in the business who wonders what some of you are doing at autocrosses that you think you need insurance coverage? I'd never even think of mentioning autocross to my own carrier.
To be clear about it, I'm not interested in being covered during an autocross.
The application form asked if I use the car for this; I answered an honest yes. Despite my own insisting that I understood the policy would not cover anything that happens to the car during driving events Hagerty refused to write a policy.
ddavidv said:Just a guy in the business who wonders what some of you are doing at autocrosses that you think you need insurance coverage? I'd never even think of mentioning autocross to my own carrier.
I've seen someone go over a curb at an autox and cause a certain amount of undercar damage. I've also see someone roll a Mk1 Rabbit at not much more than a walking pace at an event that was insured as an autox. We can say that in both cases the course should have been designed to avoid these outcomes but we all know that stuff happens in the real world.
But I suspect this is more to protect against the equivalent of a parking lot accident that might get denied because it took place at an autox. Say, someone backs into your car when heading for the grid. Obviously that's got nothing to do with the autox but you still have a bent car. Hagerty can offer the prices they do because they limit their exposure, and just saying no to competition is one way to do that.
In reply to Keith Tanner :
I agree, I've seen two cars roll at autocross, one was a write off and did get covered by insurance. I also witnessed a car loose it then slide so far off course it hit a running corner worker. No injuries except bruising, but the Police were obviously called. But I don't think that's what we're talking about here. I'd really like to see someone from Hagerty either on here, or in an insurance advice piece in the magazine talk to this. I understand that the OP's situation looks to have been a mistake, but it sounds like people in other States are being told that any motorsport use, even though not covered, is enough to make them ineligible for any road use insurances on that same car. Is that truth, fiction, mistake on the insureds part or mistake on the insurance side? There's obviously enough confusion and or misunderstanding that there is a need for explanation. Sounds like just the sort of thing the magazine readership wants and needs more info on.
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