What kinds of collector vehicles are eligible for coverage through American Hobbyist Insurance?
American Hobbyist’s broad market can accept any model, make or year provided the risk meets our underwriting criteria. The list of acceptable vehicles includes antique & classic cars and trucks, muscle cars, custom cars & trucks, street rods, kits/replicas, antique fire trucks & tractors, amphicars, and even some military vehicles (Jeeps must be 100% military).
What type of physical damage coverage does
American Hobbyist provide?
We are able to provide comprehensive and collision on an Agreed Value basis in all states where our program is available, except for Texas. This means that in the event of a total loss, the insured would be paid the full-insured value of the collector vehicle, less any deductible. This type of coverage is much more desirable to collectors than Stated Value or Actual Cash Value coverage, which generally depreciates vehicle values.
How many years driving experience is required in order to
qualify for coverage?
We require ten years’ licensed driving experience in order to operate any vehicle insured through our market.
How are the vehicles’ values assessed?
American Hobbyist generally does not require an appraisal or inspection. We reserve the right to request an appraisal or bill of sale for a very high value and/or extremely rare vehicle. Most collectors know what their vehicles are worth, but in case they do not, we recommend consulting a pricing guide for collector vehicles, which are commonly available at newsstands and book stores.
How many photos are required for a new business submission?
We ask for one recent, clear, color photo for each original vehicle. Digital photos are acceptable. If vehicle has been customized we ask for four recent, clear, color photos; 2 exterior, 1 interior and 1 engine shot.
What is the maximum amount of liability coverage that an insured can apply for?
We will offer up to a maximum of the amount of coverage the applicant carries on his/her family auto policy. We are unable to offer applicants any more liability coverage then they carry on their personal auto policy.
Will American Hobbyist consider insuring vehicles that are
undergoing restoration?
Yes, we will consider providing comprehensive coverage for vehicles that are in various stages of restoration, as long as all of the parts are in the owner's care, custody and control. As the restoration progresses, the insured may request an increase in vehicle value. As it nears completion, the insured may request liability, collision and other state coverages so the vehicle can be registered & operated.
How many accidents/violations does American Hobbyist allow?
The applicant should have a good driving record. One at-fault accident per person, up to 2 per household, is allowed within the last 3 years. DUI’s or reckless driving violations within the last 10 years are unacceptable.
How do I set up my agency’s online account?
If you already have a relationship with American Hobbyist, no additional information is needed and you may logon under "Active Agents" using your current 7-digit producer code (found on your commission statement).
If you are working with American Hobbyist for the first time, you must register as a "New Producer." You will automatically be assigned a temporary ID number, with which you will be able to obtain online quotes. A permanent ID number is necessary to submit risks. To obtain a permanent ID, print and complete this form . Send the form to American Hobbyist along with a copy of your agency's license and E&O dec page. American Hobbyist will email a permanent ID number to you. To login, click here.
I submitted an application electronically…now what happens?
If the risk you submitted is acceptable, the system will automatically make it effective for the next business day and a 20-day binder will be e-mailed to you. If the risk requires underwriting approval, it will be submitted to our underwriting department and you will be advised within 24-hours if the risk has been accepted or declined.
