Condon & Skelly insurance

[Todd Pollock]

Just curious if anyone has any pro's or con's on this company for collector car insurance. They seem to be one of the few places that will insure my 62, due to my daily driver being a 68 Camaro. Most places want a 82 or newer car for daily driver or they will not insure the collector car.

Thanks for any opinions

Todd.

[Dave S.]

Re: Condon & Skelly insurance

I have had 4 cars insured with them for many years. No claims as of yet. I use them for fire and theft year round and add collision for the driver cars in the good weather. A simple FAX will immediately add or subtract the coverage. That way if you live in the north you are not wasting collision coverage dollars in the winter when the car is not driven. Service has been excellent. Lets hope I don't need them.

[Steve Grodin]

Re: Condon & Skelly insurance

I have Hagerty insurance on my '74 and my daily driver is a '77 El Camino.

[Todd Pollock]

Re: Condon & Skelly insurance

I wish I knew how you did that, when I sent my stuff into Hagerty the sent it back declined becuase of my daily driver was 68. Oh well they are about the same price between the two.

[Dave S.]

Re: Condon & Skelly vs. Hagerty

I'm not sure Hagerty offers the option to add and /or drop coverages via fax. When I looked into Hagerty a couple of years ago they did not seem to allow that. As I don't drive all my cars all the time that option helps me a lot. The 2500 mile restriction is not a consideration for me as that exceeds what I will drive given I live in the 6 month Northeast.

[Larry S.]

Re: Condon & Skelly insurance

I have been with condon skelly for years with multible cars,Never had a claim(I hope I never do) and never had a problem with them But i guess the only time you would or could have a probem is when a claim is made,

At the time I went with them they were one of the only ones giving AGREED VALUE.When you get collectors car insurance if the policy does not say AGREED VALUE You are allowing to necociate the settelment after a loss.(never a good time to necociate)

I have stated this AGREED VALUE statement several time on some other forums and all had said yes they have that type of coverage,I encouraged them to re read there policies and they found the wording of the policy gave them that impression,If it does not state agreed value YOU ARE NOT! covered properley.If you have any questions contact me via email and I will exsplain it to you.I know this because a close close freind had a loss sevral year ago and thats when we learned of insurance jargon.

[Larry S.]

Re: Condon & Skelly insurance

Sorry dont know how to edit a post but

Stated value is NOT! the same as agreed value,Stated value is what we say the cars value is today,most likely we are not having a claim today and it will be some time in the future (hopefully never)but after today we are reverting to negociating a claim at the time of the claim the brochures and brokers from the insurance companies are real cleaver in dancing around this jargon. You just have to flat out ask them

If I insure with you today with a stated value of say 50,000.00 and I have a total loss of the vechicle 9 month from now will I be paid $ 50,000.00. they will dance all over with the answer avoiding to answer the question but if they do answer it honestly they will tell you it would depend on fair market value with if you ask them how that is determined you would be suprised to find out how many advertizement the insurance company has for b/b midyears for sale and sold as they say recently under 30 grand.Use caution as I have said if its not agrred value you are not properly insured.If you want me to call your insurer for you I have done it prior with other to prove they are under insured stricly because of insurance jargon and wording

[Kraig Bradtmiller]

Re: Condon & Skelly insurance

Something I learned on this stated/agreed value jargon is that it only addresses a TOTAL LOSS CLAIM. In all other claims cases, depreciation will be taken into consideration in determining the insurance claim payout. In most cases you will probably have an accident claim the doesn't result in a total loss and you will be reimbursed based upon a reduction due to depreciation/wer and tear. Agreed and/or stated value only addresses a total loss. You should be more concerned about how you will be reimbursed on a claim that isn't a total loss.

[Larry S.]

Re: Condon & Skelly insurance

The value comes into play when dealing with a 30 year old plus car and you have what may considered a minor accedent Front end replacement/repair and the estimate exceeds the the under valued car fair market value.Also in a theft or car fire
I visit alot of other forums and have read no less then 5 collectable corvette total loss's in the last 60 days

You are correct that if it minor its not a problem

[Kraig Bradtmiller]

Re: Condon & Skelly insurance

Larry,
You are correct concerning having your Vette insured at it's current value in case of a total loss. That way, you'll be covered in a total loss. My point is that a lot of claims are for partial losses and in those cases, agreed or stated value amounts don't come into play. Where a lot of people get into arguments with an insurance company is when they have a partial loss and somehow believe stated/agreed values will make them whole with their calim. For example, let's say I had my car painted for $7500. Five years later, my car is vandalized (all panels are keyed) and the car needs a complete paint job. The insurance company will take depreciation into settling the claim and stated/agreed value has no bearing on this claim. So you may only be reimbured $4000-5000 to get your care repainted. I believe people have a mistaken belief that agreed/stated value covers all claims! In other words, before taking out a policy for a collector car, ask several hypotheticals for partial/full losses and listen to how tha agent responds. THEN ask the agent to show where in the policy his response supports his answer. You may be surprised what you hear - and what you thought you would be insured for.