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GEICO re-launches collector car insurance for classic car enthusiasts

July 19, 2012
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Business Wire, Inc.

WASHINGTON--(BUSINESS WIRE)-- GEICO has re-launched its collector car insurance product that specializes in coverage for classic and vintage cars. The insurance product was brought back by popular demand after policyholders expressed a desire to have the coverage available to them again.

“GEICO’s collector car insurance is a valuable product for our customers who are passionate about their vehicles,” said John Zinno, GEICO vice president. “The collector car product ensures all GEICO policyholders are covered regardless of their make and model and gives our customers another option to keep all of their business under the GEICO umbrella.”

According to Daniel Carini, GEICO sales manager, “Collector car insurance coverage is different from a regular auto policy because customers can choose agreed-value coverage. The policyholder and the insurer agree on the value of the car and that amount is paid out in the event of a total loss. So, there is no question about the value of the vehicle when it is time to settle your claim.”

Other features include coverage for lost or stolen parts, towing services, any transportation or lodging expenses if a policyholder’s vehicle becomes disabled more than 15 miles from home, and coverage in case a pet is injured in an accident involving the collector vehicle.

For more information on GEICO’s collector car insurance product, please visit www.geico.com.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States. GEICO handles auto insurance coverage for 11 million private passenger auto policies and insures more than 17.5 million vehicles.

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In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for life, boats, homes and apartments is available through the GEICO Insurance Agency. Personal umbrella protection is also available.

Coverage for commercial auto insurance is underwritten by Government Employees Insurance Company. In some cases coverage is provided through the GEICO Insurance Agency, Inc., either under an arrangement with National Indemnity Company (NICO), a Berkshire Hathaway affiliate, or with non-affiliated insurance companies.

GEICO Communications
301-986-3271

Source: GEICO

Copyright:Copyright Business Wire 2012
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