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."
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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]
