Classic Auto Insurance Is Steering the Future of Car Collections
Now Providing Confidential Succession Planning with CARnection Advisors
INDIANAPOLIS, September 16, 2022: Classic Auto Insurance, a Midwest-based insurance agency for collector car owners, has added CARnection Advisors to its expanding portfolio of business.
CARnection Advisors was founded by collector car industry veteran, Jim Kruse, to help steer classic car owners toward a succession plan that’s as unique as their collection. Acquiring a vintage car is easy—but what happens to that timeless car when the owner passes away? Kruse and Classic Auto Insurance aim to help families with an important part of their estate that frequently gets overlooked.
“After 30 years supporting car collectors around the world, and a lifetime of collecting and restoring cars, I frequently hear a cry for help in succession planning. Sadly, this often comes at the most difficult time, after the death of a spouse or loved one,” Kruse said.
CARnection Advisors works with car collectors and their legal advisors or financial planners to create a road map for each car. This includes any historic documentation, which is then digitally stored in the owner’s Virtual Garage app. The app may also include videos from the owners showing special features of their cars.
“There is no one-size-fits-all for most collectors,” Kruse said. “Public sales are only a fraction of the total overall movement of cars. The opportunity to help those outside of the public market is massive.”
“We are excited about adding a new dimension to our business model here at Classic Auto Insurance,” said Drew Yagodnik, Classic Auto’s Senior Vice President. “The industry and car knowledge that Jim and CARnection Advisors bring to our current client base is immense. Jim will also take a senior role with Classic Auto Insurance. The collector car insurance industry has seen dramatic changes over the last few years, and we are determined to build on what we do well as we continue to invest for the future.”
Classic Automobile Insurance, based in Indianapolis, Indiana, is celebrating 30 years of providing insurance for collector car owners across the United States.
About Classic Auto Insurance
Classic Auto Insurance has been an enthusiastic member of the collector and classic car community since 1993. From the nostalgic to the new, they insure a variety of collectible autos and trucks in 47 states. The company’s policies are underwritten by American Modern Insurance Group, a nationally recognized, A+ rated provider of first-choice specialty insurance—enabling Classic Auto Insurance to offer one of the most inclusive classic auto and collector car insurance policies in the industry.
Over 15,000 policyholders depend on Classic Auto for full coverage insurance on collectible autos. Learn more at www.classicins.com and www.carnectionadvisors.com.