Dear "frogeye",
Mr. Haggerty's response to you, as related in your message, was a non-answer.
I refer you back to my original response and explanation to you on this subject
and the "mechanics" of how various policies, in this case Excess Liability aka
Umbrella, interact with one another.
Unlike your company, State Farm, there are other companies that would refuse
Excess Liability insurance to an insured that did not insure all underlying
exposures through them.
It is widely known and accepted in the insurance industry that State Farm is a
respected insurer, and I am not a State Farm agent.
Jay Fishbein
Ind. Ins. Agent, CT
AN-5
HAN-6
Innocenti-S
Lotus 7
etc. etc.
frogeye wrote:
> Gary, et al;
>
> I just happened to meet McKeeal Haggerty this weekend in Santa Fe at the
> 1st annual Roadrunner 1000. The long and short of the surcharge question in
> his words was "their (the other companies) way of getting even". Apparently
> the only recourse is to find a new company or if your agent does not know
> about it, don't tell him. Dave@Taos Garage Annex.
> PS. My BN1 got the Hard Luck Award at said event. Something went bang big
> time in the bellhousing, can't wait to see what that was.......
> ----- Original Message -----
> From: <Editorgary@aol.com>
> To: <frogeye@gateway.net>; <owner-healeys@autox.team.net>;
> <healeys@autox.team.net>
> Sent: Wednesday, September 15, 1999 4:10 PM
> Subject: Re: insurance question revisited
>
> >
> > In a message dated 9/15/99 2:42:10 PM, frogeye@gateway.net wrote:
> >
> > <<Sorry, but I'm afraid that I'm still confused (even more so now ) about
> this
> > " classic car " insurance in conjunction with one's " regular policy ".
> Now
> > this may differ from state to state ...but, my State Farm agent swears
> that
> > if I buy classic coverage from say Haggerty that my umbrella policy
> premium
> > will incur at the minimum a %0% surcharge ! Question is , is this the case
> > in all states and cases or is it my agent or is the Haggerty agent just
> not
> > telling the whole story.??
> > Dave@ Taos Garage Annex Albuq. NM>>
> >
> > I was told by my State Farm agent that there was no problem running a
> > Haggerty policy on my two classic cars so long as the liability coverage
> was
> > comparable to my State Farm auto policy. He did ask for a copy of the
> > Haggerty declarations page. There was no surcharge -- I don't think they
> can
> > do that, at least not here in California -- but insurance regulations do
> vary
> > from state to state.
> >
> > Maybe your agent is just confused. If you wanted a more credible source,
> you
> > could try contacting State Farm headquarters -- ask for the office of the
> > Vice President of Underwriting.
> >
> > Let us know what you find out.
> >
> > Cheers
> > Gary Anderson
> >
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