Classic car insurance typically offers higher limits than standard car insurance and can be more expensive. Classic car owners should consider all the risks and rewards of the hobby and shop around to find a policy that best suits their needs. You can buy classic car insurance through a specialty broker. By contacting Richard Zeises Agency, you get professional aid in Jenkintown, PA.
What to Know About Classic Car and Regular Insurance
Classic cars need special insurance because of their high resale value. Regular insurance will not cover for damages if your classic car is involved in an accident or otherwise damaged, because regular insurance policies do not cover for the resale value of your vehicle. You can not buy the cars at the price of an ordinary car, since they have a high resale value.
Most classic car owners prefer to keep them in their collection rather than selling them. Classic cars are considered collectible and are subject to higher insurance rates than regular cars. You’ll need regular car insurance to cover any damage to the car.
A classic car’s value depends on the year it was made, its condition, and the materials used to make it. If you own a classic car, you need to have an insurance policy to protect your investment in case of accidents or theft. Classic car insurance can be costly if you do not shop around for auto insurance quotes in advance.
To help keep your costs down, find an insurer that specializes in providing classic car coverage and has good reviews. One way to find such companies is by searching online for “classic car insurance” or “classic auto insurance” and reading through reviews from previous customers who have worked with these companies before.
You can also ask friends and family members if they know of any reputable insurers that specialize in classic auto coverage so you can compare rates yourself and make your decision based on price alone.
Regular auto insurance policies cover damages caused by collisions with other vehicles or objects, as well as damages caused by theft or vandalism of your vehicle if it’s parked at home or elsewhere when such things occur.
Bottom Line
Classic car insurance can be purchased in addition to or instead of regular car insurance. It may be purchased from the same company as your regular car insurance or from a different company.
The insurance can protect your car from financial loss due to the expense of repairing or replacing your car. For help in Jenkintown, PA, call Richard Zeises Agency.
