Classic Boat Insurance
Grundy Insurance Launches Classic Boat Program – with No Surveys Required!
After conducting research and having discussions with various underwriters at top-rated insurance carriers, Jim Grundy, the president and CEO of Grundy Insurance, was able to formulate a specially-tailored Agreed Value insurance policy for collector boats. We’re proud to introduce this custom insurance policy: Grundy Insurance for Classic Boats.
Created by a life-long sailor and insurance expert for fellow classic boat enthusiasts, this is the paramount insurance policy for classic watercrafts.
While the Grundy family is recognized as being collector car enthusiasts and the first to write Agreed Value insurance on antique vehicles, Jim Grundy Jr. is equally as dedicated to the classic boat hobby as he is to collector vehicles.
Throughout the years, he has built a collection including: a 60 ft. 1934 L. Francis Herreshoff Ketch named “Arrluuk”; a 1968 Columbia 50, known today as a plastic classic, called “Grundoon”; and, a Riva that was once owned by Brigitte Bardot. Jim’s most-coveted classic watercraft is his 1926 Dodge named “Horace,” which was the racer/tender to the Dodge family steam yacht “Lady Delphine.” With a history that includes competing in at least three Gold Cup contests as D37, winning the 1926 Potomac River Championship race and finishing second in the 1926 President’s Cup, “Horace” is one of the ultimate classics.
As a boat-lover and an expert in the insurance industry, Jim Grundy knows that proper insurance for collector boats of this caliber is a necessity. But, after buying the “Horace” at an auction, Jim says that he encountered a problem when shopping for insurance for his new vessel. Due to the age and rarity of the boat and its 650-horsepower Wright Typhoon V-12 engine, Mr. Grundy could not find insurance underwriters that would give him Agreed Value coverage or replacement cost on the engine. Presented with this predicament, Jim Grundy, as both an insurance expert and life-long sailor, began to research classic boat insurance and formulated a special policy for classic boat enthusiasts, like himself, that includes all the coverage a boat-lover could want, without requiring a marine survey to issue the policy: Classic Boat Coverage Highlights.