Classic car insurance
There aren’t many things more enjoyable to a car entusiest than the first day of spring. Spring brings to the car scene the fun of car shows, cruise-ins, and swap meets. Every classic car owner will probably be prepping their car during the next few months before spring to be ready.
One thing that tends to be forgotten about is the annual review of your car insurance. Your typical classic or collector car often exceeds the bounderies of what a regular insurance company can or will comfortably insure. Many of the main street insurance companies in this country are geared towards insuring the family Camry, not a 40-year old Aston Martin.
There are specialty auto insurance companies in this country that understand and accommodate the needs of the specialty car market. They have car insurance policies geared towards collector cars. These policies take into account that the typical classic car owner is a mature steady individual. Also, these cars are not driven on a daily basis, but cautiously on sunny weekends.
Generally speaking classic car insurance companies provide agreed or stated value insurance, which allows the insured to assign the value of their vehicle. This means that the car can be insured for the replacement value of the vehicle.
While the sun and fun is a central part of the spring custom it’s important that you also don’t overlook the more practical feature of collector cars. Be sure to confirm with your agent each year prior to spring to make sure you coverage is sufficient and up to date to the market value of your car.
Related posts: