Classic Car Insurance Company Now Covers Restorers and Builders
9/27/2007 4:32:40 PM
As the originator of collector car insurance, Grundy Worldwide is proud to have served the hobbyist for over 60 years.
"Now, to fill a huge void in the insurance industry, we are excited to offer coverage that protects the restorers and builders who work on these vehicles," says Jim Grundy, president of Grundy Worldwide.
Grundy Worldwide has been contacted, for years, by restorers and builders who are fearful that they may be held liable by the insurers of the owners of the cars on which they are working. To address these concerns, Grundy has now formed an all-risk, direct primary coverage program that protects not only the interest of the car owners, but the interest of restorers and builders, too.
Grundy carries the prominent elements of their Collector Vehicle Insurance policies over to their Restorer and Builder Program-Agreed Value and Low Rates.
Instead of implementing a standard garage form, Grundy's new program offers policies that allow scheduling of vehicles under construction for Agreed Value, and that value can change on a monthly basis, as the vehicle is completed.
"Coverage can be provided by both customer- and shop-owned vehicles," says Grundy. "And, the rates are similar to the low rates of our antique auto program-in some cases, they can be less."
Coverage includes:
. Garagekeeper's Liability
. Cars Being Restored
. Vehicles Under Construction
. Tools and Equipment
. Commercial Auto
. Agreed Value
. Building and Contents
Grundy Worldwide offers the lowest rates and most coverage options available on collector vehicle policies because we understand the car owner's appreciation for their vehicles. And knowing that those who work on collector cars treat the vehicles with the same respect and care as their owners, Grundy Worldwide gladly offers the best coverage and lowest rates on our Restorer and Builder Insurance policies as well.
"This is a breakthrough program, providing all the essentials, plus more" says Grundy. "There isn't anything like it. The losses that can occur in restoration shops and builder shops can be tremendous, and these policies will protect the businesses and their customers' collector cars."
For more information, please visit www.grundy.com/restorer or call 866-338-4006.

