Top Tips for Buying Classic Car Insurance | NoelInfoServices.com

Sponsored By NoelInfoServices.com

Buying insurance for a Classic car can be a real learning experience. There are some things to think about before you buy the insurance. What is the actual cash value of the car, the stated value of the car and the agreed value of the car? The actual cash value is the usual process for an insurance company to provide insurance for your car. They base it on cost to replace the car minus depreciation. Getting the insurance company to insure the car on an agreed value is the way to go, this way you and the insurance company agree on a price and that is what they insure the car for. You both sign a contract agreeing on this price and this way if the car is stolen or wrecked, this is the price the insurance company pays you for the car. This is much better for you.

Sometimes it is better to look at an insurance company that specializes in insuring classic cars. Your insurance company will most likely put restrictions and their prices will be much higher than a company that only insures classic cars.

Most classic car insurers normally set down some conditions. They usually require a set number of years driving experience, normally 10 or more, they will want a stellar driving record with no accidents, no teen aged drivers, they want proof that you are putting the car in a garage or a secure location, and even proof of the age of the car as some are considered too ?young? to be considered classic.

The company insuring your classic car will want to impose mileage limits on you, although I am sure you only take it out on sunny Sunday afternoons when there is no possible threat of rain.

If your classic car needs some work or restoration, make sure you let your insurance company know that this might mean some additional coverage or even less coverage until you get the car into the shape you want.

It could be that your current insurance company has a section that specializes in Classic Cars. There are some companies that only deal with these types of cars and no others, but it could be that your company has a division that does. If it is a large company, chances are there will be a section that will provide services for collectors. This type of specialty car insurance can offer full market coverage and most often for less than traditional car insurance company.

If you are a collector and you need to have coverage on your classic car, you will need to consider all your options. You want the very best coverage for the very best price as you do for your not classic car. It is important to consider all the possibilities before you make your decision. Most collectors are so particular about their classic cars and protect them and polish them on a regular basis. Why in the world would they not protect them in the most important way with the very best insurance?

Find out more from VirginiaInsurance.com about car insurance here.

Sponsored By NoelInfoServices.com

Source: http://noelinfoservices.com/Automotive/archives/14089

nick chico legionnaires disease nordstrom green card lottery merriam webster anna paquin