Antique cars require antique auto insurance.
The owner of such a car has invested an extraordinary amount of time, money, and effort into restoring their prized possession.
With antique car insurance, the underwriting process differs from that of modern vehicles.
If you are looking to guard your precious investment, then it is vital that you select an insurance carrier that specializes in antique car insurance.
Such an insurance carrier is going to require a motorist to adhere to stringent guidelines in order to ensure your automobile is well taken care of.
For example, you may be required to store your automobile in a covered and locked garage when it is not being driven.
Many insurance companies for antique cars will refuse to pay for a claim if the vehicle is left unattended in an open air parking lot.
Taking meticulous care of your vehicle will give an insurance company the confidence to extend a discount to you on your classic car insurance policy.
When it comes time for you to purchase a car insurance policy for your classic automobile, your insurance provider and yourself will have to agree upon a market value for the vehicle.
This monetary amount will be the money that your insurance company will reimburse you if the car is stolen or destroyed.
Each year when you renew your policy, the value of the car will be reexamined for appreciation or depreciation.
Because the value of a classic automobile is significantly higher than a late model vehicle, your monthly insurance premiums will reflect this fact.
Before you select a company to conduct a business relationship with, be certain to carefully review the services and tools that they offer to their members.
For example, a reputable classic car insurance company should offer its members a towing and labor plan for collectors.
This is a comprehensive plan that provides reimbursement for expenses that are not routinely covered by your insurance policy, such as emergency travel and car show expenses.
Furthermore, a reputable antique auto insurance company should have an excellent reputation for customer service.