Collectible cars are rare possessions you have to take care of them correctly. Without proper protection from damages, you may end up regretting passing up the opportunity of getting the right auto insurance for your vintage vehicles. Most of collectible car owners get standard auto insurance thinking that the benefits they get from this kind of insurance is enough for their needs.
Insurance premiums aren't cheap. Even the most affordable specialty car insurance you'd find would amount to a few hundred dollars. You may think you are saving money on standard auto insurance but you're not. Actual cash value policies commonly used by standard auto insurance company shouldn't apply to you. If you have this kind of policy, you'll get very little from your insurance company if in case you need to make a claim. Vintage vehicle insurance is an agreed value insurance policy where the amount you and the classic car insurance company agreed upon signing your contract will remain the same all throughout the validity of your contract. If your car gets damaged and you need to make a complete claim from your insurance company, you'd get the full amount you've agreed on.
Agreed value car insurance is a fair insurance policy for owners of collectible cars like you. With an agreed value insurance, it doesn't matter how old your car is. The value of your car will not depreciate, unlike in an actual cash value policy where the value depreciates through time. Make the right choice and get you free classic car insurance quotation 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.