Philadelphia Insurance and Grundy Restore Collector Car Partnership

Bala Cynwyd, PA (PRWEB) April 19, 2012

Philadelphia Insurance Companies (PHLY), a leading property casualty and professional liability insurance company for niche markets, is pleased to announce the renewal of its collector vehicle insurance partnership with Grundy Insurance.

PHLY and Grundy are restoring the partnership that first began in 2006. Under the new agreement, Grundy will provide underwriting, customer service, policy/endorsement processing and marketing while PHLY will handle billing and claims. Grundy Worldwide offers specialized Automobile Liability and Physical Damage insurance for over 1,000 models of antique and collector cars in all 50 states.

“It was important to continue our relationship with PHLY in order to provide our customers with the best possible service and coverage,” said Jim Grundy, President of Grundy Insurance. “For over 50 years, we have provided coverage to those who are passionate about collector vehicles. Working with PHLY allows us to expand our expertise and industry leading services to all customers.”

“Grundy’s mastery in this market makes them a superb partner and we are excited to continue working with them,” commented Jamie Maguire, Chairman and CEO of Philadelphia Insurance Companies. “PHLY excels at providing outstanding specialized insurance services and this relationship with Grundy allows us to remain a dominant force in the collector vehicle insurance market.”

Grundy’s collector vehicle expertise combined with PHLY’s financial strength (A.M. Best A++ Superior rating) and exceptional service will help keep classic car enthusiasts behind the wheel. Grundy makes insurance simple by combining legendary Agreed Value service, no mileage limitations, and the lowest rates in the industry with a shorter application and faster online quotes. To learn more about Grundy's custom-tailored Agreed Value policies and superior service, call 800-338-4005 or log onto http://www.grundyworldwide.com.

Established in 1947, Grundy Worldwide insures more than 1.5 million classic vehicles. The program was acquired by PHLY from the Grundy Agency in 2006.

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated A++ (Superior) by A.M. Best Company and
A+ for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50 and National Underwriter’s Top 100 (for in-depth financial information, please visit our website at http://www.phly.com). The organization has 46 offices strategically located across the United States to provide superior service.

Philadelphia Insurance Companies is the marketing name for the property casualty insurance operations of Philadelphia Consolidated Holding Corp., a Member of the Tokio Marine Group. In the United States, all products are written by insurance company subsidiaries of Philadelphia Consolidated Holding Corp. Coverage may not be available in all jurisdictions and is subject to actual policy language. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. Non-insurance products and services may be provided by independent third parties.

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