Classic Car Insurance Basics
Owning a classic car is much more than just owning another vehicle, it is owning a piece of history. Since you take such good care of your classic car while it is in your garage, it is important to make sure that it is properly protected while on the road, with the right classic car insurance policy.
In order to qualify for classic car insurance, your vehicle must be at least 10 years old. This can include both limited production cars and modified antiques. In order to be considered a modern classic car, your vehicle must be a limited production car that is less than 10 years old. Cars that are considered antique cars have to be at least 25 years old and have no special modifications, or restored parts. Depending on your insurance provider, there may be other restrictions, so make sure to talk with your agent to make sure that you find the right amount of protection.
Since classic cars are valued differently than new cars, the insurance coverage that is needed is slightly different. When writing a classic car insurance policy, insurance companies will work with you to come to an agreement on the value of your car. The price that you agree on is based on the condition of your car, as well as the current market value. If your car is completely totaled after an accident or is stolen, you will receive the agreed amount.
For all of your antique auto insurance needs and to ensure that you and your car are properly protected from any unfortunate situation, contact the insurance experts at Humble & Davenport Insurance in Renton, Washington. As an independent insurance company, we will work with you to make sure that you have the right amount of coverage, all at the right price.