2017 Future Collectible Cars C.L. Hollis Insurance

rick@insurehollis.com / Canton Office 781.344.8578 / Wareham Office 508.295.9500

The age of driverless vehicles isn’t here yet, so which new 2017 vehicles are expected to one day join the ranks of fully drivable classic collectibles? According to the valuation experts at our trusted partners Hagerty, here are 3 such examples of production run vehicels by major worldwide automakers that stand out as the likeliest to grow in value and appeal to classic car enthusiasts. More to come….

2017 Chevrolet Camaro ZL1

2017 Chevrolet Camaro ZL1

  1. Chevrolet Camaro ZL1 ($61,140) – The Camaro has seen many generations and performance upgrades, and this is the most important one yet. The 2017 Camaro ZL1 has a stat sheet that would make last year’s Corvette nervous, and comes to the table ready to race. The legend continues to inspire today just as it did 50 years ago, as the Camaro reaches a whole new audience with this instant collector’s item.

    2017 Alfa Romeo Giulia Quadrifoglio

    2017 Alfa Romeo Giulia Quadrifoglio

  2. . Alfa Romeo Giulia Quadrifoglio ($72,000) – Packing 505 horsepower, the Giulia Quadrifoglio can reach 60 mph in 3.8 seconds from a complete standstill via a bi-turbo V6 engine. Beating every other car in its class around the Nurburgring, the Giulia Quadrifoglio takes the crown in its segment.

    Ford F-150 Raptor

    The all-new Ford F-150 Raptor features six terrain modes designed to handle the most demanding terrains. From off-road rock crawling and desert running to on-road sport mode, Raptor is ready for any type of driving.

  3. . Ford Raptor ($49,520) – The original Ford Raptor defined a new production truck segment when it debuted in 2009. The first-generation special edition F-150 made it through the economic collapse, fuel crisis and the Baja 1000 and – due to conservative production decisions – is already becoming a collector favorite. For 2017, the Raptor is back with bigger muscles and a makeover, featuring additional horsepower and weighing 500 pounds less.

C.L. Hollis Insurance has been helping people with their insurance needs for 29 years Contact us today!

Rick Hollis

rick@insurehollis.com / Canton Office 781.344.8578 / Wareham Office 508.295.9500

 

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Not all catastrophes are an act of nature.

hail-wind-lightning-water-damage-room2roof1

When a catastrophic event comes to mind, we automatically think about things like earthquakes, hurricanes or tornadoes. But the truth is, not all catastrophes that can affect your business or home are created by Mother Nature. In today’s litigious environment, some of the most devastating losses your business or family may face are man-made.

If the worst-case scenario happens, will you be ready?

 

SALON FALLOUT

A local hair salon is buzzing with activity. As an older client is walking from the wash chair to the styling chair, one of the stylists pulls at the cord of a hair dryer, causing the client to trip. She takes a bad fall and fractures her hip. In spite of surgery and rehabilitation, the client’s movement never fully recovers, and she is awarded nearly $2 million in damages. The salon owner’s general liability policy only provides $1 million in liability coverage. An umbrella policy could have provided additional liability limits to close the gap.

From our trusted partners the Travelers.

C.L. Hollis has been helping people with their insurance for 29 years. Call for appointment today!

Richard M Hollis

rick@insurehollis.com

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My Dog Would Never Bite?

dogI can’t tell you how many times I have heard someone say “My dog would never bite anyone!” I actually think I have said this myself once or twice.So would your Homeowners or Renters Insurance protect you from Litigation? Maybe, did you know that many breeds of dogs are not eligible for Home Insurance Policies including renters policies. see a partial list that many Insurance Companies follow.

Risks with the “fighting” or “guard” type dog breeds are not eligible for coverage. These dogs include, but are not limited to the following breeds and/or mixes of these breeds:

  • Pit Bulls,
  • Bull Terrier,
  • American Pit Bull Terrier,
  • Rottweilers,
  • German Shepherds,
  • Akitas,
  • Dobermans,
  • Wolf-hybrids,
  • Chows,
  • Bull Mastiffs,
  • American Bully,
  • American Staffordshire Terrier,
  • Presa Canario,
  • Shar-Pei.
Registered/trained service animals are acceptable with appropriate certification documents.

There are options to all of these Dogs contact us for more information. We would like to help you with all your insurance questions.

C.L. Hollis has been helping people like you and yours for almost 30 years

http://www.insurehollis.com

 

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PROTECTING THE CARS PEOPLE LOVE!

92firehawk

Seasons change so do classic car values

There’s never been a better time to review your cars value; many classics are rising in value. It’s easy to make sure your classic is insured to valued.

These increases reflect changes in 2016

  • 1992 Pontiac Firebird SLP Firehawk – Up 70%
  • 1963 Ford Thunderbird – Up 33%
  • 1977 Mercedes-Benz 450SEL – Up 33%
  • 1983 Datsun 280ZX – Up 26%
  • 1969 Porsche 912 – Up 24%
  • 1972 Chevrolet Corvette Convertible – Up 18%

Would you like to know if your classic car is insured to value?

Contact me at rick@insurehollis.com

Rick Hollis

C.L. Hollis Insurance

Canton, MA 781.344.8578 Wareham, MA 508.295.9500

We have been helping families with their insurance issues for 28 years!

 

 

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Celebrate midlife. It’s not crisis time, it’s cruising time

Rick@insurehollis.com. Let us insure your classic!

C.L. Hollis Insurance and our friends at Hagerty® like to celebrate the midlife crisis: It’s just another excuse to buy a car. Here are their top four cars to consider:

Chevrolet Corvette ZR-1

Chevrolet Corvette: The Corvette is arguably the car that put American automotive prowess on the map, and with roles in films like “Corvette Summer” and “Animal House,” it was frequently featured during many mid-lifers’ formative years. And what better way to recapture youth than with two seats and a big V-8? Check out a 1990 ZR-1, the year that Chevy introduced its most potent production C4. Its Lotus-designed 32-valve V-8 LT5 was built by Mercury Marine and spurs it to a 0-60 time of 4.9 seconds. It’s tough to get more performance bang for your buck: The Hagerty Price Guide puts a ZR-1 in No. 3, or good, condition at $23,200.

Shelby GT500

Ford Mustang: The equally ubiquitous Mustang comes in next on the list. If you grew up in the ‘60s or ‘70s, chances are good that you owned one, had a friend who owned one, or simply lusted after one because you saw Bullitt so many times. For brute strength, go with a 2012-14 Shelby GT500, the most powerful stock Mustang yet. The 2014 example is rated at 662hp and 631 ft.-lbs. of torque, and boasts a 0-60 time of 3.7 seconds. Make no mistake: This car is a beast. Mash the gas pedal and the 5.8-liter V-8’s rumble may let you relive some of your more foolhardy memories. Just shy of 6,000 were built, and a quick eBay search yields many low-mileage examples for $40k-$50k.

Porsche 911SC

Porsche 911: A Porsche print campaign summed it up this way: “Honestly now, did you spend your youth dreaming about someday owning a Nissan or a Mitsubishi?” Luckily, you don’t have to spend a fortune to make that dream a reality. While a base ‘60s-era car will set you back anywhere from $66,500 for a 1968 coupe to $242,000 for a 1964, submodels like the 172-hp 1983 Porsche 911 SC can still be had for under $30k, according to the Hagerty Price Guide. And if you can live with only 150 hp, you can find a fuel-crisis neutered 1974-’77 911 for under $20k.

Dodge Viper

Dodge Viper: The Viper is the perfect car for those who crave attention, and that is precisely what you’ll receive. (“Sorry, Officer!”) Not only does its sleek body suggest a jungle cat ready to pounce, but the V-10’s snarl rattles windows and nerves alike. If you’re

looking for a road-going car, we’d recommend a 2001-2002 GTS with anti-lock brakes, the first year for that option (Hagerty Price Guide average value: $32,200). If performance is your No. 1 priority, look for a 460-hp American Club Racing (ACR) coupe featuring smooth air intake tubes (not ribbed), 50 fewer pounds and a stiffer racing suspension. The trick is finding one that has never been wrung out on the track.

C.L. Hollis Insurance has been insuring your classics for over 28 years.

Call or contact us today! Stoughton office 781-344-8578 Wareham office 508-295-9500

rick@insurehollis.com

 

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TOP 10 HOTTEST COLLECTOR CARS OF THE SUMMER

C.L. Hollis together with our trusted partner has been helping collector car and truck enthusiasts insure for over 28 years. http://insurehollis.com/antique-vehicles-insurance/

2000 Plymouth Prowler Photo Credit Teddy Pierper (c) 2015 Auctions America

As the summer driving season begins, Hagerty® announces the ten collector vehicles with the highest levels of demand and momentum. This list includes vehicles with positive value growth and momentum in private sales transactions, quote activity and auction results.

“The major trend continues to be the clear emergence of ‘Modern Classics’ from the 1980s and newer with new interest from younger buyers,” said McKeel Hagerty, CEO of Hagerty. “Our data allows us to measure the popularity of collector vehicles not just by value trends but by leading indicators like quote activity, private sales and other factors.”

1. 1986–1989 Mercedes-Benz 560SL (1987 560SLs start at $46,300) – Many buyers remember the 560SL as an aspirational car that signaled early career success for their original owners, and the average sale price in the private market is up 22% over the last 12 months.

2. 1973–1986 Jeep CJ-7 (1983 Jeep CJ-7 Laredos start at $12,900) – Jeep and off-roading have long been an American fascination and the CJ-7 remains very popular in 4×4 clubs. The special edition packages such as the “Limited” and “Jamboree Edition” are seeing the most interest, but any flavor can deliver open-air summer fun. Quoting activity has been particularly strong, with an increase of 120% over the past 12 months, indicating rising demand among enthusiasts.

3. 1973–1987 Chevrolet C/K Series Pickup (1973 C10s start at $12,200) – Pickups have been one of the fastest growing segments for the past five years. This is the first time this generation of Chevrolet pickup has outpaced the highly-sought-after 1967–1972 models. Ratings for this era of are being driven via the private sector, with a 9.5% increase in the number offered privately, an 11% rise in average sale price, and more than 38% of the cars selling privately doing so for amounts above their insured values.

4. 1986–1992 BMW M3 (1990 M3s start at $76,100) – To many, the E30 M3 is the purest sports car from the 1980s. If this is a car you’ve always wanted you probably shouldn’t wait much longer as values are only going one direction. Up. Values published in Hagerty Price Guide have increased 86% over the last 8 months.

5. 1982–1991 Porsche 944 (1988 Porsche 944s start at $15,600) – Whether younger buyers are priced out of the 911 market or just looking for something different than the norm, the 944 has recently gained a renewed following. Expect to see many nice low-mile examples come to market in the near future, with pristine Turbos selling for surprising amounts. Hagerty Price Guide values have increased 8% in value over the last 8 months.

6. 1997–2002 Plymouth/Chrysler Prowler (2000 Plymouth Prowlers start at $32,000) – Once described as a car better to be photographed next to, there is no denying the standout looks of one of the first modern retro cars. Prowlers have been one of the hottest cars at auction over the last 12 months, with a 9% increase in the number offered, a 6% increase in average sale price, and a strong sell-through rate of 72% over the last 12 months.

1966 Ford Bronco Convertible Photo Credit Copyright 2014

7. 1966–1977 Ford Bronco (1966 Ford Broncos start at $24,800) – Today’s SUV-dominated car culture continues to love the simple utilitarian look of the first generation Bronco. Coupled with excellent reliability and parts availability, the Bronco makes for an excellent first-time collector vehicle. Activity in the private market has been particularly strong for these stylish SUVs.

8. 1994–1999 Ferrari F355 (1997 F355 Spiders start at $68,900) – A true performance car with a fantastic engine sound and great looks. F355 price gains have lagged other Ferrari models over the past five years, which has suddenly made them relative bargains. Hagerty Price Guide values have increased 39% over the last 12 months. The cost of ownership on these cars can be high, though. So make sure to scrutinize service records.

9. 1970–1974 Dodge Challenger (1970 Challengers start at $36,200) – Early ’70s Mopar muscle cars have had the biggest swings in values going back to 2006. After being impacted by the recession they have recovered nicely, and Dodge fans are back to searching out as many “1 of 1” variations as they can find. Challengers have been performing very well at recent auctions, with cars offered up 17% and average sale price up 41% over the last 12 months.

10. 1968–1976 BMW 2002 (1974 2002 tii’s start at $26,800) – This iconic BMW remains very popular, especially on both coasts. Similar to the other German cars mentioned in this list, Hagerty Price Guide values have been especially strong for 2002s, with an 18% gain over the

Contact us today and see how we can help with your classic vehicles

Rick @insurehollis.com

 

 

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Could your nonprofit be overlooking a substantial savings opportunity?

Hollis logo groupCould your nonprofit be overlooking a substantial savings opportunity?

Massachusetts has long been a high-cost state when it comes to employer unemployment insurance. Since the latest recession, the average state unemployment tax (SUTA) cost has stayed at over $460 per employee and a single unemployment claim could potentially cost an employer upwards of $31,000. What do high SUTA and benefit amounts and wage base increases mean to your nonprofit? All these statistics mean less money for your cause.

What many nonprofit organizations don’t know is that they have options when it comes to financing their unemployment obligation to their former employees. The federal government gave nonprofits an alternative to paying the high cost of SUTA: Reimbursement Financing. This option allows nonprofits to pay dollar-for-dollar for only the unemployment claims issued to its former employees and eliminates the pooling costs found in SUTA. However, an employer self-insuring its unemployment through direct reimbursement does subject its organization to risk. Although there is a statutory limit to how much an individual claimant can collect, there is no limit to the amount in which an employer is responsible to reimburse the State. The financial impact felt by a self-insured employer that is subject to reorganization, large layoff or an unexpected loss of funding is immediate. Reimbursable employers are expected to pay back the Massachusetts Labor and Workforce Development for all unemployment claims on a monthly basis.

Nonprofits look to programs like those offered by C.L. Hollis and their trusted partner First Nonprofit Group (FNG) to take advantage of the savings that come with reimbursement financing while minimizing risk and safeguarding their budget. All FNG program members are provided with a fee that is easy to budget and is based exclusively on their own unemployment experience and employment profile. There is no shared risk or shared expenses. FNG reimburses the state directly for any and all unemployment benefits paid to former employees throughout the term. FNG’s performance is insured by their parent company, AmTrust Financial Services, Inc., rated an “A” Excellent by A.M. Best. Other program benefits include professional unemployment claims management, representation at all unemployment hearings, and cyber monitoring.

C.L. Hollis has been helping Non Profits with their Risk Management for 28 years.

Call us today for an appointment.

Richard Hollis

rick@insurehollis.com

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