Your vehicle is at risk every time it’s on the road
Putting the time and effort into restoring an antique or classic vehicle can be rewarding, both personally and financially. Even though they’re typically driven only on special occasions, such vehicles can easily appreciate in value — especially if they are maintained in roadworthy condition and are limited to seasonal use.
The last thing you want is to have all your hard work go to waste. Enjoy the peace of mind that comes with selecting the right classic car insurance to protect your investment.
Special coverage for special vehicles
Classic car insurance generally includes the same coverage found in typical auto insurance policies, such as liability (bodily injury and property damage), collision, and comprehensive and uninsured/underinsured motorist coverage. However, antique and classic cars — defined as vehicles built over 30 years ago — have additional insurance needs. As an owner, you should consider the following when purchasing insurance:
Vehicle Usage — Your policy should reflect limited mileage put on your classic automobile. It could also cover seasonal use only.
Vehicle Storage — You may benefit by storing a vehicle in a fully enclosed, locked garage. This could be particularly important in regions with cold and inclement winter months.
Vehicle Valuation – An agreed-value policy works to your advantage, compared with using a stated value. You are guaranteed that in the event of a total loss you are covered for the full amount listed on the policy, minus any deductible.