American Collectors in the news

A.M. Best, the nation’s premiere insurance rating agency and a publisher of numerous insurance publications, recently interviewed Jill Bookman, CEO of American Collectors. The article noted: “Technology and customer service are key components to national specialty provider American Collectors Insurance’s success.”





Did You See American Collectors in National Underwriter?

Prominent insurance trade magazine National Underwriter recently highlighted insurance for collectibles and collector vehicles after interviewing Laura Bergan, vice president of marketing for American Collectors.

Insuring The Irreplaceable: Collectible Insurers Offer More Than Mere Coverage for Most Treasured Possessions (June 16, 2008)

The article notes that American Collectors works with agents and consumers to protect numerous types of collectibles and collections. The article states:

“A lot of agents use this as an add-on to homeowners’ coverage,” Ms. Bergan said, warning that collectibles may not be covered as contents to their full value.

Further:

American Collector offers a basic policy for $75 a year covering up to $10,000 in value. There’s a $100 deductible per occurrence, and the policy covers against accidental breakage, flooding, earthquake and other natural disasters.

Collector Car Insurers Ride Generational Trends, Driving Growth In Niche Market (June 16, 2008)

This article highlights agents’ role in insuring collector cars, noting:

Ms. Bergan said that a car does not even have to be old to be considered a classic. American Collectors, she said, will consider insuring cars as recent as a brand new Ferrari, if it is clear that the car is not used as a daily driver vehicle and that it will appreciate in value over time rather than depreciate—a key factor in distinguishing a collector car.

Highlighted in the article is the American Collectors Towing and Labor for Collectors (TLC) plan:

The plan has three different tiers, she noted, including basic coverage such as towing and locksmith reimbursement. The highest level of plan, she explained, has features such as car show expense reimbursement.

Ms. Bergan said this level of the plan will cover the registration fee for a big car show if a customer who was planning on attending the show sees their car break down or gets into an accident on the way there. The plan will also cover the first night of a planned hotel stay if that fee is nonrefundable.

Read the article here: