Classic Car Coverage
Classic cars are much more than just a car. They are a piece of history, which means that they need special care to keep them running and looking their best. Not just any personal auto insurance policy will be able to provide coverage for your classic car. Keep these classic car coverage considerations in mind to make sure that you invest in the right policy for your needs.
- Coverage is inexpensive – the premiums that you will pay for your classic car auto insurance policy are much lower than the premiums that you are paying for your personal auto insurance policy. Depending on your liability requirements, most classic car owners pay around $200 to $400 for their coverage for the entire year.
- Expect limited use – one of the main reasons that classic car insurance premiums are so low is that your insurance provider will put a limit on the amount that you can use your car each year. Most of the time, these usage restrictions are limited to special occasions, which means that you will not be able to use your classic car as your daily driver.
- Agreed value coverage – since classic cars are not valued the same way that modern cars are, you will have to come up with an agreed upon value for your vehicle. If your car is a complete loss after a covered peril, you will receive a payout of the agreed upon value.
- Common claims – most of the claims for classic cars come from incidents that occur at home, such as rodent damage or a flooded garage. Making sure that you are covered from any peril will help to ensure that you have the protection that you deserve.
For all of your classic car insurance coverage needs, contact Insurance and Mortgage Services in Batavia, Illinois.