Tuesday, February 26, 2013

Insuring Your Collector Car

By Scott McClain


Collectors' cars are one of the most valuable and beautiful treasures. As an passionate enthusiast yourself, you probably know the amount of time and money that is involved in the care and modernizing of these vehicles. To preserve this value, you should look into collector car insurance, which offers a number of solutions not available by using regular car insurance. There are a few things to consider as you check out numerous policies.

Some of the things available with collector car insurance are very much the same as regular car insurance. These policies both provide collision protection in the event of an accident. Furthermore, both policy types have a staff of adjusters and a roadside assistance program that help policyholders with roadside issues.

There are many things to consider when looking into insurance. The first thing to consider when buying a classic car is, obviously, the way in which you will finance the car. Like with any major investment, financing is available to qualified buyers. For those with deeper pockets, classic cars are a relatively safe cash investment because they tend to retain their value at auction. In the event of recession or a tough economic climate, keep in mind that classic car auctions are much less successful in obtaining sale prices.

It's important to also consider insuring the appreciation of the car. Collector cars appreciate over time and protecting them right requires a policy that will cover this inflation. Our agency recommends a loss protection program complete with this special type of coverage. Every state has this. If you live in the golden state, and want to look into insurance for classic cars in California; we are writing policies nationwide.

There are a variety of optional programs you might also consider from your insurance company. Those who travel cross-country or internationally might require additional insurance for their time away from home. Customizable plans are available for more particular cars, and you can also take out special event insurance for business use.

Compare insurance for classic cars very carefully. It's not always an arduous task to do this. A good agency, like ours, will provide insurance options from multiple companies. This allows us to put our clients in exactly the right policy for them and their valued classic car.




About the Author:



No comments:

Post a Comment