America has long had a love affair with classic vehicles. From the Chevy Corvette and Ford Mustang to the Aston Martin and Jaguar E-type, these vehicles have inspired collectors for decades. By 2023, the global classic car market is estimated to grow to more than $35 billion according to Statista.com. This edition of Insurance Speak features a conversation with Rick Drewry, senior specialist for collector vehicles and motorsports at American Modern.
When it comes to adjusting claims involving collector cars, they can't be treated in the same manner as modern vehicles. "Owners have a passion for these cars, and you need to share that passion," he counsels. "Adjusters have to know the different types of repairs needed and that the loss is personal."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
