Many collectible car owners are not aware of the fact that the rates that they have to pay to be able to file a claim for a better valuation of the car is much lower than those of standard insurance policies.
Ordinary car coverage cannot give you the real assessment value of your car because they go by the book. What your classic car is worth while it is displayed in a road show is not how the standard insurance policy will cover it, as many collectible car owners have sadly realized.
Collector Vehicle Insurance policies will cover your car according to an agreed value. These policies can be customized and the great service that you will get is very different from that of standard insurance agencies.
A specialized insurance agency that caters to collectible cars knows that the car is worth more than the book value is and will facilitate obtaining the insurance policy that suits the requirements of a collectible vehicle owner. The rate of a vehicle is computed based on the risk of it getting into an accident and after years of statistical data, it has been proven to the insurance companies that collectible cars have a much lower risk than that of commuting vehicles.
The premium amount that you pay for standard insurance coverage will not enable you to file a claim for the real value of your classic car.
Why settle for anything less than what your classic car is really worth? Find out more about the special coverage that these kinds of specialized insurance policies can provide you by contacting the experts of Classic Auto Insurance at 1-800-397-0765 or maybe you would like to take this opportunity to request a quote.
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.