Filed Under:Markets, E&S/Specialty

Classic-Car Owners Face Sandy Heartbreak

Collector-auto claims mount in what is being called the hobby’s ‘single most devastating loss’

Superstorm Sandy has claimed its share of property and sentimental personal belongings—and in some cases, the damage left in the storm’s wake has been enough to make grown men cry.

“Guys come in and they’re in tears,” says Kevin J. Mackay, owner of Corvette Repair Inc. in Valley Stream, N.Y. on Long Island. “They didn’t expect a storm surge to wipe out their work, their investment, their prized family heirloom.”

BIG ISSUE: OBJECTIVE VS. SUBJECTIVE VALUE

The claims process, says Hagerty, involves assessing two sets of values: objective and subjective. 

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