Insuring Your Classic Car
February 15th, 2009
Call up a regular automobile insurance company and try to get the right kind of coverage for your classic car and chances are you’ll be a little disappointed. While you might understand that the four wheels and frame sitting in your garage are worth a small fortune, a standard insurer might not.
When it’s time to get insurance on a true classic that’s been restored to pristine condition, it’s often best to turn to a company that specializes in antique and classic cars. Companies that specialize in this type of coverage can provide you with things that other insurers might not be able to. Some of the benefits include:
- Enabling you to take your car to your own mechanic for repairs;
- Insuring the true value of the car (in its resorted and collectible condition);
- Providing coverage that extends while you’re at shows (such as liability and damage);
- Coverage during the restoration period;
- Coverage for shipment of the car to events.
Whereas most vehicles on the road today lose value over time, classics often gain it. Insuring a car that is virtually irreplaceable requires more than personal injury protection and basic liability. Specialty insurers are often better poised and educated to help out.
|