WHY CLASSIC AUTO INSURANCE IS WORTH IT
Driving a classic car can be fun until an unforeseen risk strikes. You don’t want such a risk to find you unprepared and rid you of your most prized possession. To prevent that, you can try to cover your car using the classic auto insurance against several risks. Here’s the nitty-gritty of this type of insurance:
What it entails
The most fundamental aspect of classic auto insurance is the age of the car- must be at least ten years old. However, your policy will include some vital elements, including:
- Your preferred repair shop
- Coverage of spare parts and other tools
- Roadside assistance, with flatbed towing an essential inclusion
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Car insurers accept to insure a classic vehicle only if you drive it less frequently and that you have another car as your first ride. It primarily covers your vehicle against all sorts of risks associated with owning an old car of substantial dollar value, which includes theft and accidents.
Who is it for?
This type of insurance is for those car owners who have a vintage car that is either a classic (a vehicle 10 to 24 years old) or an antique (a car 25 years old or more). What’s more, it should have some historical or sentimental value, for example, a muscle car.
How does it work?
It works within the legal confines of an auto that must fulfill the following requirements:
- Restrained use: You should use your antique or classic vehicle on a limited basis
- Storage: Your vehicle must stay in an enclosed building
- Condition: You should ensure that your car is in good overall health both in performance and outlook or undergoing constructive restoration.
In the event of risk occurrence described in your policy, report to the insurer promptly. They’ll send over an evaluator to assess the extent of the damage, and the due legal procedure will follow for you to get compensated.
Different coverage types
- Standard liability
- Comprehensive coverage
- Collision
Benefits
- In the event of an accident, your insurer pays to replace your car as a valuable auto and not some old wreck
- You can enjoy superior coverage at a lower coverage cost
- You can get a policy specially tailored to meet your car’s requirements