There must be a feeling of pride in possession of a classic cars collection that those who don’t have may never experience how it is. Possessing a bit of history as a flawless, classic vehicle addresses human character and style: that of the first creators of the car, of the way of life of the day, and obviously of its present proprietor.
Because they are a piece of history, so it can be easily reached to hundreds of thousands of dollars or even millions of dollars in investment in order to have a fine collector car. Insuring a car of that kind is totally different from the insurance of a normal, traditional car, or what insurance companies call a “regular use” car.
Fortunately, there are car insurance companies who specialize in insuring these special classic vehicles. In fact, in many cases, major auto insurance companies will have a dedicated department that devoted to doing insurance things for those collector cars.
Luckily again, whether you choose to have your classic collector automobile show up only on holidays or weekend, joining in auto shows or car parades, or keep they locked up in your garage, or have they stored for displaying in a museum for others to enjoy, there is always an appropriate type of car insurance for your situation. The most important thing is to purchase car insurance for the right amount of investment which not too much, not too little.
When you own a classic cars collection, you will find the answers to the following questions is helpful.
- What are different between premiums for collector cars compare to those of regular use cars?
Answer: It is a surprise that the premiums of car insurance for collector cars can be lower than a regular use car. Why? Because the collector car may be higher in value, but the fact that it is used much less often its insurance premiums can actually be cheaper.
- Can I get a comprehensive-only policy?
Answer: If your automobiles is a true masterpiece, which means they are never used on the road for travel, go to work, or transportation, then car insurance companies do have policies for a comprehensive coverage only. This means that it will be included for the following coverage such as theft, damage, acts of God, and any other same things – but certainly not for medical damage, property in the event of an accident on the road.
- What if I need to periodically trailer my car while choosing comprehensive coverage only?
Answer: In this situation, you can choose a limited trailer paddock that has collision coverage while your vehicles are being towed in a trailer, along with the comprehensive coverage that mentioned in the previous discussion.
- What extra services are regularly offered?
Answer: Many car insurance companies who specialize in insurance for classic and collector cars usually offer extra services. For instance, some companies offer a concierge customer service to answer any questions you may have about your automobiles. Some questions about scrappage problems, inoperable vehicle laws, emissions testing, automobile equipment standards and hobby-focused legislation.
- Are tools included in most policies?
Answer: Read your policy guidelines thoroughly, however, in most situations personal tools are covered in a classic auto insurance policy. Covered tools usually include those tools that are used to restore or maintain the collector vehicles. That should include storage cabinets, tool boxes, and accessories.
There are great happiness and fun that comes along with possessing a true classic collector automobile. The feeling of pride of ownership can be matched by few experiences. Additional with the pride you feel, you will have the peace of mind that comes with the knowing that your great investment has been protected properly.