A classic car isn’t just another way to get around; it has sentimental value beyond its cost. Maybe it’s just like a car your grandfather owned, or it’s the one you dreamed of when you were younger. Regardless of the reason, if you’re thinking about purchasing a classic car, you should always look into insurance before you buy.
Insuring a classic car is significantly different than a regular vehicle. Classic and collectible cars, not used for regular transportation, are divided into several categories. Those that are 20 or more years old are classified as antique or classic. Cars that are 15-19 years old are called special interest. If your car is modified, a street rod, or a custom vehicle, you’ll need coverage for hobby vehicles. Another difference is in the way an insurance company determines the value of your car. The value of a regular vehicle depreciates. Your classic car doesn’t. It is covered for its value (sometimes without needing an appraisal), and there’s often no deductible.
It’s important to know how you want to use your car when you’re insuring it. If hitting the road on your day off is your idea of relaxation, then you need to make sure you’re covered. If your car is only for shows or parades, then you would select the type of coverage that limits you to driving in a public event.
Your collector car reflects who you are. Hours of love and care and hard work went into its selection and restoration, so it’s worth taking some time to be make sure it’s properly protected.
You’ve finally made it, and now it’s time to sit back and enjoy life. Whether you’re into classic cars or cottages, RVs or jet skis, the options can be overwhelming when you’re shopping for recreation insurance. Your dream is to be out there having fun; not spending hours comparing pricing and coverage plans. Fortunately, you don’t have to be an expert to make an informed choice when it comes to insuring your recreational property. It’s absolutely essential to shop around and pick an insurance provider with the right mix of experience and expertise, so you can relax into the freedom of hitting the open road (or water) and know you, your family, and your property are all protected.
