Philadelphia Insurance filed a new Specialty Vehicle Insurance Program in California, replacing its existing Collector Vehicle program with a broader product designed to mirror a competitor’s offering and expand the types of vehicles it can insure. The filing was submitted on June 18, 2026, with a requested effective date of December 1, 2026, for both new and renewal business.
The new program goes beyond traditional collector cars and will cover a wider range of specialty vehicles, including modified vehicles, special interest vehicles, vintage farm equipment, vintage military vehicles, motorcycles, replicas, kit cars, and trailers. Special interest vehicles are defined as newer vehicles—typically manufactured within the past 14 years—that are appreciating in value and maintained primarily for exhibitions, parades, or private collections.
The filing carries an overall indicated rate change of 79.7%, though Philadelphia is proposing a lower overall rate impact of 60.6%, adding an estimated $6.4 million in premium across a book of 17,740 policyholders that currently generates about $10.6 million in written premium. Individual policy changes could range from a 52% decrease to a 532.5% increase.
The policy includes several built-in coverages and optional endorsements, such as:
- Pet coverage with a $750 aggregate limit.
- Trip interruption coverage with a $600 aggregate limit.
- Disaster relocation expense reimbursement of $250.
- Personal effects coverage of $150.
- Travel loss coverage of up to $50 per day and $150 per occurrence.
- Full glass coverage with no deductible.
- Auto show medical reimbursement coverage of up to $5,000 per person and $10,000 per occurrence.
Vehicles insured under the program are intended for “occasional pleasure use,” including exhibitions, club activities, parades, and leisure drives. The policy excludes use as a primary vehicle, commuting to work or school, business use, ride-sharing, and racing activities.
Philadelphia said the filing introduces a more modern specialty vehicle product while retaining agreed value coverage and appreciation protection features for collectible vehicles.
The carrier is part of Tokio Marine Holdings and is submitting proprietary forms, rates, and rules as part of the new program.