Berkley One Classics Announces Redesigned Product and Rate Reductions in New York

Business Wire

MORRISTOWN, N.J.--(BUSINESS WIRE)-- Berkley One (a Berkley Company), an insurance provider for modern, sophisticated individuals and families, announces that Berkley One Classics, a provider of insurance solutions for collector vehicles since 1974, has introduced updated policy features and pricing for the New York market. Berkley One has introduced a redesigned product that lowers base rates for comprehensive and collision coverage. These updates result in meaningful savings for both current policyholders and new customers.

Deductibles and multi-car discounts remain unchanged, but the updated Collector Vehicle Endorsement now removes the vermin exclusion and adds Disaster Relocation coverage up to $500 per vehicle, with a $5,000 policy cap. Two new optional endorsements are also available: Salvage Value, offering up to $50,000 for retaining vehicle salvage after a total loss, and One Value, bundling coverage for collector essentials like car covers, trailering, tools, personal effects, and valuable papers. These updates reinforce Berkley One Classics’ commitment to flexible, collector-focused protection.

“New York is a cornerstone market for us, and this launch reflects our dedication to evolving with our clients,” says Kathleen Tierney, President of Berkley One. “We’re proud to offer coverage that’s as distinctive and well-crafted as the vehicles it protects.” Today, insurance for collector vehicles is provided by Berkley One Classics in Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming.

About Berkley One: Berkley One is a member of Berkley, one of the nation’s premier commercial property casualty insurance providers, whose insurance company members are rated A+ (Superior) by A. M. Best Company. Founded in 1967, W. R. Berkley Corporation conducts business worldwide through more than 55 businesses and reported $14.2 billion of gross premiums written in 2024.

Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.