Buy and classic car insurance
Collector Car Insurance and Classic Car Insurance How to Kick the Tires on Classic Car Insurance the time you invest in choosing the right classic car insurance coverage is well worth the value and peace of mind that a quality collector's insurance policy delivers for owners of classic motor cars.
The Nuts and Bolts of Classic Car Insurance Coverage Collector car insurance is not the same as the insurance you buy for normal coverage of your daily transportation. Collector car insurance, or classic car insurance, is made especially for the needs of the car collector. If you don't have special collector car insurance or classic car insurance, and the car is totaled, you will be lucky to get $7,000 for it. Stipulations or requirements normally encountered while shopping for collector car insurance or classic car insurance:
A decent driving record. At least 10 years driving experience No teen drivers on the policy or drivers with poor driving records Secure and out of the weather garage Proof that you have another car for daily transportation Collector vehicle insurance is sometimes limited by the age of your car, and if your car is too young it may not qualify for a particular policy.
Limited mileage. You probably don't want to drive your creampuff car all the time, and your insurance company doesn't want you to either. Coverage with collector car insurance or classic car insurance: Three kinds of value are important to understand when buying your policy.
The insurance company pays up to the stated value of the car, but may not guarantee the full stated value. Agreed value:
In most jurisdictions, those who provide collector car insurance or classic car insurance are allowed to insure for a value that you and your insurer agree upon. If your $100,000 vintage Rolls get trashed, you get a check for 100 grand, plain and simple - which is exactly why collectors use special classic car insurance coverage. Do a periodic review of your coverage limits, because classic car prices are rising.
