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I have Sneed for my collector cars, their rates were really good, esp. if you have more than one collector ($60 per YEAR for my Carrera, full coverage, agreed value!).
I got that letter, too. It sounds like they sold the company. From what I can tell from their letter, it sounds like the Sneed policy will be cancelled, and the new company will issue you an "offer of insurance" which you can either accept or not.
It's not just a change by Sneed of the underlying insurer. Sneed will be/is gone.
If anyone else has information on this, let us know.
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