Classic car insurance is not the same as standard auto

Classic Car Insurance

It is important to check to make sure the comprehensive coverage is adequate on a vintage vehicle. Though it may appear as though classic car insurance is pretty much the same thing as a regular vehicle policy, it is important for the owners of these automobiles to recognize that the typical comprehensive coverage may not be enough if disaster should strike. Specialty coverage can be very affordable and will be worth it in the event of an accident. Many agents are also advising owners to look into policies that are…

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Collector car insurance to be offered once again by GEICO

Collector Car insurance

The insurer has re-launched its classic and vintage auto coverage. GEICO has announced that it has now re-launched its collector car insurance, which is designed specifically for the unique coverage needs required for vintage and classic vehicles. Though the insurer had previously ceased that product, it was brought back by popular demand. Policyholders with GEICO expressed a strong desire to have the collector car insurance returned to the marketplace so that they could insure their special vehicles. According to the vice president of the company, John Zinno, “GEICO’s collector car…

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The latest summer insurance news issues for consumers

Insurance News Amy Grant NAIC

Concerns and coverage needs change during the hotter months. Summer is now underway and all of the favorite activities for the hot weather are starting to be enjoyed. However, before you get your vacation fully underway, it’s important to make sure to check with the latest insurance news and know that you have all the coverage you need. Whether you’re buying a boat, renting a cottage, or installing a pool, consider summer coverage needs. All too many people don’t give insurance news statistics a second though, putting themselves at risk…

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Team from Classic Car Insurance examines reasons for skyrocketing premiums

Classic Car Insurance

Researchers for the rate comparison company looked into the cause of the increasing costs. A team at Classic Car Insurance has investigated the reason behind these increases and has released a report to explain why premiums are about to soar once more after a short dip to provide relief to vintage vehicle owners. This type of coverage is traditionally more costly than standard auto policies. According to the report, because of the type of vehicle that is protected by the policies, classic car insurance coverage is “often more pricey than…

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Chubb Service Helps Protect Collector Cars from Fire and Other Storage Hazards

Collector car owners may find it challenging to safely store their vehicles. They can’t stow them away in a safe like jewelry or rare coins. But their collections are every bit as valuable, and often more so. Now, a new loss prevention service from the Chubb Group of Insurance Companies is helping collector car customers better safeguard their investments. To help identify potential hazards at collector car storage facilities, Chubb’s loss prevention specialists are using infrared thermography to scan walls for thermal anomalies that could indicate overheated electrical wiring, leaking…

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Chubb Offers Medical Benefits to Transgendered Employees

The Chubb Group of Insurance Companies has extended its medical benefits to transgendered employees and dependents. “This is a natural evolution for Chubb, where our inclusive environment demonstrates our commitment to fair and equal treatment for all employees,” said Trevor Gandy, senior vice president and chief diversity officer for Chubb. Chubb’s announcement reinforces a growing trend among employers and insurers who are recognizing sex reassignment as a medically indicated, rather than optional, procedure. Thirty-nine percent of Fortune 500 companies offered transgender-inclusive health benefits this year, up from 1% in 2004,…

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Gooding & Company adds its auto auction information to Chubb’s app for classic cars

The auto auction data from Gooding & Company is being added to the classic car app provided by the Chubb Group of Insurance Companies. Chubb’s mobile app users will now have access to data for upcoming Gooding & Company auctions, for the pricing of the vehicles. This is the result of a recent sponsorship renewal between Chubb and Gooding. App users will also be able to see the results of past auction sales. This Classic Car Guide app will provide mobile device users with the ability to view real-time information…

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