Classic Car

NJM Expands Partnership to Offer Enhanced Collector Car Insurance

West Trenton-based NJM Insurance Company (NJM), one of New Jersey’s largest property casualty insurers, announced an expanded partnership with American Modern Insurance Group, a national leader in specialty insurance, to offer enhanced collector car insurance.

American Modern offers one of the most inclusive collector car insurance policies in the industry. In addition to agreed value loss settlement, which protects against depreciation, the American Modern policy includes: flexible mileage plans; broad usage allowance; new purchase, spare parts and trip interruption coverages; towing up to $75 per occurrence; and deductible options from $0 to $10,000.

“We are pleased to offer this expanded coverage as an added service to existing policyholders and as an outstanding option for prospective policyholders seeking this type of insurance,” said Tracy McManimon, vice president, NJM Personal Lines. “We know that for most collectors, owning a specialty car is more than just a hobby – it’s a passion. This new option gives collectors the peace of mind they expect, enabling them to focus on enjoying their cars rather than worrying about them.”

NJM also partners with American Modern to offer its policyholders access to other specialty coverages such as watercraft, motorcycle and ATV coverage. Customers interested in more information on collector car insurance or other specialty coverage can call 1-800-743-2817.

Related Articles: