Insurance For Your Antique Car
By USInsurance.com Staff
Do you own a 1957 Chevy or a convertible from the 1970s? Most likely these precious cars are a valuable commodity that you want to keep safe. When looking to protect your car, you will most likely find that standard auto insurance policies do not offer sufficient coverage to protect your rare and valuable antique cars. In these instances, you will need specialized car insurance that can offer you protection that is customized to your needs.
1. Specialized Car Insurance: This type of insurance protects various collector cars, motorcycles and trucks that are over 25 years old. This generally includes an agreed-value coverage, a flexible usage plan where the car owner can opt for a mileage plan that best suits their needs, an inflation guard and automatic coverage (upon approval).
2. Collectibles Insurance: This protects your car from natural disasters such as floods, theft, fire, earthquakes and accidental breakage. The coverage generally includes inflation guard protection, automatic coverage and agreed value coverage so that your car or motorcycle is always worth its full value.
More Information About Classic Car Insurance:
• Polices are generally less expensive because people who own classic cars tend to drive them less.
• Coverage generally also includes windshield coverage, multi-car discounts, spare parts coverage, roadside assistance, accessory coverage and towing and labor coverage.
• Policy holders must be at least 26 years old.
• The car cannot have more than one at fault violation in the last three years.
• Make sure to examine the car and note its interior and exterior features. You should also take a photograph to document your vehicle. This is particularly important should you experience an accident or any legal issues with your insurance company.
• Specialty insurers generally offer pro-rate policies that correspond with the number of miles a classic car is driven annually. Lower premiums are also offered to cars that are only used occasionally.
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