People get car insurance to make sure their finances are covered whenever accidents happen. If you own collectible cars, getting the right specialty car insurance is not only an option but a necessity. Most vintage car owners, especially new collectors, would settle for a standard auto insurance thinking that they are getting enough coverage for their collectible cars and saving money on insurance payments.
Policies, considerations and limitations may be very different between standard auto insurance and classic car insurance. The way car value is determined by standard auto insurance companies and collectors insurance are also different.
Classic car insurance companies understand that your car usage is not the same as the usage of a standard car owner. As a collectible car owner, you also have different car protection needs. By getting hot rod insurance, you're sure that the company has appraised your car fairly using agreed car value. If and when a car wreck happens and the company needs to pay you with the full amount or a percentage of the car value, you'll know how much you're going to get because the agreed car value is a fixed amount you and the company has agreed on. Classic car insurance coverage may include damages incurred in car shows. If you participate in car shows, you may want to consider getting vintage vehicle insurance as standard auto insurance may not cover this kind of damages.
Classic Car Ins can help you get the best coverage for your vintage vehicle. Get your free antique auto insurance quote today.
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.