NJM Expands Partnership to Offer Enhanced Collector Car Insurance

March 7, 2017

NJM Expands Partnership to Offer Enhanced Collector Car Insurance

WEST TRENTON, NJ — NJM Insurance Company (NJM), one of New Jersey's largest property casualty insurers, today 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 Mc Manimon, 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.

About NJM Insurance Company

For more than a century, NJM has operated in a mutual fashion for the exclusive benefit of its policyholders. NJM is the Garden State's leading workers' compensation carrier and among the leaders in personal and commercial auto and homeowners insurance. Since 1918, the Company has returned nearly $6 billion in dividends to policyholders, helping to reduce insurance costs for generations of NJM-insured drivers, homeowners and businesses. In addition to its legacy of dividends, the Company is known for its nationally recognized customer service. Headquartered in West Trenton, NJ, with offices in Parsippany and Hammonton, NJM employs nearly 2,500 New Jersey-based workers.

About American Modern Insurance Company

American Modern is an insurance leader that delivers specialty products and services for owners of boats, personal watercraft, classic cars, motorcycles, and ATVs. American Modern is licensed in all 50 states through six property casualty companies, which are part of an insurance group that enjoys an A+(Superior) rating by the A.M. Best Company, a leading independent insurance analyst.