During the NCM Bash we were able to chat with our friends at Corvette Blogger, and the conversation turned to our programs for newer Corvettes and other modern-day collectible vehicles that we can insure as well. The good news is that any collectible vehicle can be protected with a policy from NCM Insurance, and the policies are virtually identical regardless of whether you are insuring a 1953 Corvette or a 2023 Corvette Z06.
Here are five reasons for turning to the NCM Insurance Agency to protect your Corvette(s) or other collectible vehicles:
1. Agreed Value Policy
There are different types of policies that insurance companies offer, and you want to make sure yours is an Agreed Value Policy. With an Agreed Value Policy through the NCM Insurance Agency, you know exactly what the replacement value is in case of total loss. When you bring a new vehicle to the NCM Insurance Agency, they lock in the purchase price for the first six months, so you don’t have to worry about depreciation or needing gap insurance. And in the case of swiftly rising values like what happened with the 2019 Corvette ZR1s, you can adjust your value with them at any time.
2. Mileage Options that Rollover
The NCM Insurance Agency has three mileage tiers which allow you to pick the one that works best for you and your driving habits. Those tiers are 1,000, 3,000, and 6,000 miles. One great feature that we learned is that any unused miles roll over year to year, so you are free to take those extended trips in your car and not have to worry about exceeding your mileage caps. Want to drive your Corvette to work occasionally? There is also a Work Endorsement that allows you to do so up to twice per week. One misconception is that your driving is extremely curtailed, and that’s just not the case. Pleasure driving is also allowed, but it’s not a substitute for your daily driver as your principal means of transportation, or for commuting to work (without the Work Endorsement).
3. Save on Liability with Multiple Vehicles
Many enthusiasts own more than just one Corvette, so if you have a classic Corvette, and a newer C8 Corvette (or other modern day collectible), or any combination in between, you can save bigly! The liability coverage is only required (and paid) for one vehicle, but every car on your policy is covered underneath. That means you only pay comprehensive and collision premium on those additional vehicles.
4. Expert Claims Service
It’s a fact of life that automotive accidents happen every day. When your Corvette is protected by the NCM Insurance Agency and you report an accident, a dedicated claims adjuster will be assigned to you and will help guide you through the entire process to make your Corvette right again. This means allowing you to pick your local shop that you know and trust, and in some cases, they will even pay you to work on your own vehicles.
5. Backed by American Modern
Your policy with the NCM Insurance Agency is backed by their carrier American Modern, which specializes in collector car insurance and has been around since the early 1960s. They are rated A+ by A.M. Best and have incredible resources at their disposal when it comes to dealing with a claim. The customer service aspects of their website make it easy to make a payment or manage your account.