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The
Best Articles and Resources About Car Insurance
Antique Car Insurance
Antique
Car Collector Insurance
by Victor A.
Insuring classic and
collector cars can
be confusing for
first-time buyers
and veterans alike.
Many questions arise
as to the types of
vehicles that can be
covered, coverage's,
costs, claims, etc.
How are most
collector cars
insured? Less than
half of the
collector vehicles
on the road today
are insured by
specialty programs.
Although, antique
car collector
insurance has been
available for five
decades, most owners
of collectibles,
specialty cars and
street rods are
still insuring them
through a standard
insurance company
despite the higher
cost and often more
restrictive
policies.
Am I limited to
driving my
collectible only in
parades or shows?
What if I want to
take a Sunday
cruise? Enthusiasts
like to share their
collector cars with
the public but they
also just enjoy
driving them around.
While some programs
require that
collector cars are
only to be driven in
activities of public
interest, we also
allow for and
encourage the
private enjoyment of
collector cars. Go
ahead and take that
Sunday drive.
Nevertheless,
collectors should
consider these types
of restrictions and
find a policy with
flexible usage
guidelines that best
suits their overall
needs.
Are there other
usage limitations?
Yes. Most specialty
insurance programs
do not allow
vehicles to be used
for the commercial
transportation of
goods or passengers,
for racing, or for
daily
transportation.
How do you value a
classic? There are
many factors that
are considered when
valuing a vehicle.
The first
consideration is
whether the car is a
stock original
vehicle. If so,
there are many
resource guides and
pricing books that
can provide value
guidelines based
upon the overall
condition of the
vehicle. These are
somewhat less useful
for newly restored
vehicles and even
less useful for
street rods; because
every newly restored
car is restored to a
different level of
perfection and every
modified car is
different by nature.
So with both newly
restored cars and
modified cars we dig
a little deeper into
the project, the
amount of money
spent on it, the
type of parts used,
etc. Our best advice
is for people
restoring cars or
building a street
rod to keep detailed
lists of the work
performed and
receipts for all
parts and labor.
This will help us
when attempting to
insure the car
properly and the
whole process will
be smoother.
Occasionally,
appraisals help but
they're not always
necessary.
The bottom line?
Antique car
collector insurance
will save you a lot
of money. Interested
hobbyists and
collectors can now
afford to own,
insure, and enjoy
their classics
because specialty
insurance programs
offer lower rates
and better benefits
than standard
insurance companies.
About the author:
Victor A. is an
expert author who
writes for
antique">http://www.car-insurance-quotes-online.org/">antique
collector cars
insurance
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