WAUKESHA, Wis., Jan. 23 /PRNewswire-FirstCall/ — Markel American Insurance Company today announced the introduction of their Collector Vehicle Insurance program. This program joins their other Specialty Personal Lines, such as motorcycle and various boat products, providing essential coverage to enthusiasts.
The program provides comprehensive coverage for a variety of collector vehicles including antique autos and motorcycles, street rods and replicas. It also boasts a very competitive policy form with no mileage limitations.
“In a market that traditionally places strict limitations on the use of an insured collector vehicle, Markel American has developed a product designed to meet the needs of the classic vehicle enthusiast,” said Timberlee Grove, President and COO of Markel American Insurance Company.
A Markel Collector Vehicle policy provides liability, Agreed Value physical damage coverage, medical payments and uninsured motorist coverage as well as any other state-mandated coverage. Also included is coverage for accessories, trailers and spare parts. The product will be distributed through retail and wholesale agents who focus on Collector Vehicle insurance. Currently the program is available in MA, RI, NH, ME, VT, IN, IL, MI, OH, KY, TX, WI, MN, TN, IA, MO, AR, OK, LA, CA with planned expansion to make the coverage available nationwide.
More information can be found at www.markelamerican.com.
A subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, and Specialty Property. For more information on our products, please visit www.markelinsuresfun.com.
The Richmond, VA-based Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the company strives to provide quality products and excellent customer service. For more information, please visit www.markelcorp.com.
First Call Analyst:
FCMN Contact: kbehringer@markelcorp.com
Source: Markel American Insurance Company
