Why Classic Car Insurance?
Why the need for Classic Car Insurance?
1. Classic Car Insurance: insures your vehicle at a set value called Agreed Value Coverage. The Agreed Value is the total amount you would receive if your vehicle was totaled. The Agreed Value guarantees the full value of your vehicle without reducing it for various factors, like depreciation, wear and tear, and current market value. Standard Auto Insurance would value your vehicle at the time of the loss and factor in depreciation, wear and tear, and market value.
2. Choice of repair shop: if your vehicles is damaged you are allowed to take your vehicle to a repair shop of your choice. This includes specialty shops that charge extra for working on classic cars. Standard Auto Insurance would allow you to take your vehicle to the shop of your choice, but if the insurance company doesn’t agree with the shop rate you will need to pay the difference out of your own pocket.
3. Less Premium: Classic Car Insurance is 40% less than Standard Auto Insurance, because the vehicles are not driven on a regular basis and kept in a locked garage reducing exposer to losses.
Contact us today for a quote on your Classic Car. We represent Grundy, Hagerty and American Collectors Insurance. We can get you the best policy for you and your vehicle.