Guys, I have been an Insurance Agent owning my own agency for over 36 years. I will say that it is not best to go with a very large, national company, any of them, for your Antique & Classic (A&C) auto insurance, the one that also writes Kia's on a daily basis and tries to convince you they know the A&C market too. They, guaranteed, do NOT have the proper contract to properly protect you A&C auto. While their agent may say they do, you will never know until you have a claim and the adjuster starts talking of depreciation and actual cash values (ACV). My agency is in the top 10 nationally of a very large A&C carrier. We also represent other carriers in the A&C business but the big one, the one you think of most often, the one that has their own valuation tools online, is absolutely the very best in this coverage arena. They really are that good. And, while not the least expensive, they do have the absolute best coverage available anywhere and do know their market to the extreme. They also reinvest into the hobby which is important in my view. To put it another way, it's who I have my own personal A&C policy with and I can choose ANY company for such. That is the "insiders" look into A&C insurance carriers.
Dan, I have no doubts of your story. Some people tend to "exaggerate" their problems and that was what I was alluding to, not your reporting of what the gentleman had to say. You are correct, everyone really needs to review their coverages with their agent. Doing so AFTER a claim is not the time to review your coverages.
Ben, I urge you to seek out proper A&C coverage rather than your current coverage. I have read that companies policies. You need to contact one of the specialty carriers promptly.
I am more than glad to answer questions on this subject and I am not soliciting to write anyone's A&C coverages. In fact, I probably couldn't as I am only licensed in the State of Ohio.