If you are a car lover, investing in a classic car may be an ultimate dream. Not only is a classic car a prized possession, but it could also be considered a unique investment option. If you are looking to purchase a classic car in or around Jenkintown, PA, you need to make sure that you get the right insurance for it. Investing in a classic car insurance policy can be a great option as it could protect you in several different ways.
Classic Car Insurance Will Protect Vehicle Value
One advantage of a classic car insurance policy is that it will protect your vehicle’s value and your investment. Most cars tend to depreciate as time goes on, and your standard auto policy will reflect this. However, a classic car could actually increase in value over time. When you get a classic car insurance policy, you will get to negotiate a fair replacement value to ensure it reflects your actual value.
Insurance Gives Liability Protection
Another reason to get the insurance designed for a classic car is that it will properly reflect your liability risk. Anyone that wants to drive any car in Pennsylvania needs to have liability protection. If you get a classic car, your actual liability risk is likely a lot lower, as you will drive it infrequently. A classic car insurance policy can be curtailed to reflect this reduced risk.
When looking to insure your classic car, you should call the Richard Zeises Agency. The team at Richard Zeises Agency has helped many people in the Jenkintown, PA area choose a policy that is ideal for their situation. This can help to ensure that your prized possession is properly insured and protected.