If you have a classic vehicle, you don't want to make the error of insuring it like you would the family mini car. If you were to get in an accident, you will certainly be sad for that selection. If your classic car gets totaled, you'll get the real money value for your car, which is usually pretty small.
Consider a classic car insurance policy option however; you often have to meet certain criteria to apply for them. There is a minimum number of driving years that you must have under your belt. You cannot use the car for business purposes.
You must prove that you have another car that you use regularly. The car can't be driven in excess of a set number of miles annually and the vehicle must be a specific age. If you meet these criteria, then you may be able to purchase classic car insurance.
All car insurance companies won't offer coverage for these cars. When you find a carrier that does, the cost is usually less than what you would pay for a 'normal' vehicle. The preferred type of auto insurance policy for classic cars is an agreed value policy.
Prior to purchasing a policy like this one, it is advised that you confer with an agent and come to a mutual agreement on a price that will be compensated if your vehicle is wrecked. Get a price quote from the agent.
Your insurance provider will pay for the repairs if you are in a wreck and the damages are less than the agreed value. If the cost to repair your vehicle is greater than the agreed value, you will receive your preset agreed amount. This is without question, the preferred auto insurance policy for a classic car.
Ordinary auto insurance is typically more costly than the classic car insurance, but those businesses have some provisions that have to be met in order to be eligible for their programs and get those high-quality rates.
Consider a classic car insurance policy option however; you often have to meet certain criteria to apply for them. There is a minimum number of driving years that you must have under your belt. You cannot use the car for business purposes.
You must prove that you have another car that you use regularly. The car can't be driven in excess of a set number of miles annually and the vehicle must be a specific age. If you meet these criteria, then you may be able to purchase classic car insurance.
All car insurance companies won't offer coverage for these cars. When you find a carrier that does, the cost is usually less than what you would pay for a 'normal' vehicle. The preferred type of auto insurance policy for classic cars is an agreed value policy.
Prior to purchasing a policy like this one, it is advised that you confer with an agent and come to a mutual agreement on a price that will be compensated if your vehicle is wrecked. Get a price quote from the agent.
Your insurance provider will pay for the repairs if you are in a wreck and the damages are less than the agreed value. If the cost to repair your vehicle is greater than the agreed value, you will receive your preset agreed amount. This is without question, the preferred auto insurance policy for a classic car.
Ordinary auto insurance is typically more costly than the classic car insurance, but those businesses have some provisions that have to be met in order to be eligible for their programs and get those high-quality rates.
About the Author:
Learn more at Safe Auto Insurance and Really Cheap Auto Insurance. Chimezirim Odimba teaches how to pay less for more.
No comments:
Post a Comment