Hendrickson Insurance
Hendrickson Insurance
Hendrickson Insurance in Sarasota writes collector car insurance for classic, antique, exotic and luxury automobiles as one piece of the high net worth insurance in Florida program: agreed value on each car, the liability limits set to the umbrella’s attachment point, uninsured motorist carried because Florida does not make the other driver carry bodily injury coverage, and the garage, the hurricane plan and the mileage written into the policy the way the carrier actually rates them. The private-client carriers write collections inside the household program; specialty collector programs write the cars that need their own paper. One schedule, every car, one agent.
Collector car insurance in Florida is an agreed value auto policy: the owner and the carrier set the car’s value in writing when the policy is issued, and that is the number paid on a total loss, less nothing for depreciation and with no argument at the claim. It is written for classic, antique, exotic and limited-production cars that are not daily drivers, with mileage and use terms, a locked garage, and usually a requirement that the household has a separate daily-driver policy. Florida adds three rules: every registered vehicle must carry personal injury protection continuously, uninsured motorist coverage is included unless rejected in writing on an approved form, and the state requires only $10,000 of property damage liability of other drivers and no bodily injury liability, so the driver who hits a collector car often carries nothing. Hendrickson Insurance in Sarasota places the collection at agreed value, sets the liability to the umbrella, and keeps the cars on the same schedule as the house, the boat and the collections.
| Valuation | What it pays at a total loss | Where it belongs |
|---|---|---|
| Agreed value | The figure on the schedule, set with the carrier at issue, no depreciation, no negotiation | Every collector, classic, antique and exotic car |
| Stated value | The lesser of the stated figure or actual cash value, decided at the claim | Marketing language on some standard policies; read it twice |
| Actual cash value | Replacement cost minus depreciation, as an adjuster computes it after the loss | Daily drivers |
Collector programs and the private-client carriers write agreed value. The value is supported by an appraisal, auction comparables or the purchase documents, and it is reviewed at renewal because a market that moved up leaves the schedule behind. Modifications, restorations in progress and period-correct parts are scheduled separately or they are not covered at the agreed figure. The schedule is the policy; the rest is terms.
Registration. Florida registers a private-use vehicle 30 or more years past its model year as an antique, and a car from model year 1945 or earlier as ancient, with a permanent plate that never renews for as long as the vehicle exists (s. 320.086). Historical vehicles, former military vehicles and antique firefighting apparatus registered under subsection (3) may be used only in exhibitions, parades or public display. The plate is a registration fact; the insurance policy sets its own mileage and use terms, and they are not the same thing.
PIP does not go away. Every vehicle required to be registered in Florida must keep personal injury protection security in force continuously for the registration period (s. 627.733(1)(a)). A collector policy written for Florida carries it; an out-of-state collector policy on a Florida-registered car is a problem at the first traffic stop and a worse one at a claim.
The other driver. Florida requires only $10,000 of property damage liability of most owners and no bodily injury liability at all (s. 324.022(1)). The pickup that rear-ends a 1967 car at a light on Tamiami Trail may carry $10,000 for the car and nothing for the driver. That is why the collection carries its own uninsured motorist coverage, which Florida law includes with every bodily injury policy unless the named insured rejects it in writing on an approved form (s. 627.727(1)), and why the household’s umbrella is set above all of it.
A collector car on the Gulf Coast is a comprehensive risk first: surge, flood, wind-driven water and a falling roof. The National Flood Insurance Program does not cover cars (FloodSmart), so every one of those losses lands on the auto policy’s comprehensive coverage at the agreed value. Carriers therefore underwrite where the car sleeps: a locked, private garage, its elevation and flood zone, whether the door is impact rated, and what the named storm plan is for a collection that cannot be driven out of a storm on a trailer in an afternoon. A plan that moves the cars to a rated garage inland, written on the application, is a credit on a barrier island and sometimes the difference between a quote and a decline.
Mileage and use terms are the other half. Most collector policies set an annual mileage band and limit use to pleasure driving, club events and shows, and require that the household has a separately insured daily driver. A collector car used for commuting is a standard auto risk at a standard rate, and a loss during that use can be excluded. Agreed value is cheap because the use is narrow; say what the use actually is.
A car bought at $180,000 and worth $260,000 three years later is paid at $180,000 on an agreed value policy that was never updated. Review the schedule every renewal against auction results.
A project car in the shop, parts bought and labor paid, is usually off the schedule or on it at the pre-restoration figure. Schedule the car and the work in progress.
The approved rejection form signed years ago leaves the collector recovering from an at-fault driver who, in Florida, may carry no bodily injury coverage at all. Carry it on the collection and on the daily drivers.
The umbrella application listed the daily drivers. The two collector cars were never added, and the umbrella does not sit over a car it has not rated.
A standard auto policy prices the car as a daily driver and pays actual cash value at the loss: the worst of both. Agreed value on a collector form is usually cheaper and pays more.
The deductible on a car that is garaged and driven a few hundred miles a year can be set where the household would actually claim, not at a default.
Three cars on three policies with three renewal dates and no one checking the umbrella. The private-client carriers write the collection with the house, which is where the account credit and the single schedule come from.
Paying for a 5,000-mile band on a car that sees 800 miles a year. The odometer at renewal is the evidence.
Dennis reads every application himself and responds the same business day in most cases, always within 48 hours.
Dennis Hendrickson is the owner of Hendrickson Insurance in Sarasota, Florida, licensed general lines agent, FL License E095547, and the only person who touches your file. Sources used on this page: Florida Statute 320.086 (ancient, antique and historical vehicles); Florida Statute 627.733 (personal injury protection security); Florida Statute 627.727 (uninsured motorist coverage); Florida Statute 324.022 (financial responsibility); FloodSmart, what is covered. Last reviewed October 22, 2026.
Call or text 941-957-2796, or send the declarations pages. Dennis answers the same business day in most cases.
Dennis Hendrickson changed a New Jersey state tennis rule at 17 and played four years of Division I tennis at UNC Charlotte. Today he writes both the commercial and the personal insurance for Gulf Coast owners himself, and he works a renewal or a claim the way he played: nothing conceded, no point given away.
When you apply, he answers. Every application goes straight to Dennis. He reads it himself and responds the same business day in most cases, always within 48 hours.
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