Choosing a Broker for Antique Classic Car Insurance

Choosing a Broker for Antique Classic Car Insurance

If you are the owner of a valuable classic vehicle, antique classic car insurance coverage options are something that should be given a lot of careful consideration. Generally speaking, an antique vehicle is always worth more than the sum price of the parts in the vehicle. In addition, they are always worth many times the original cost of the vehicle.

However, most insurance companies that are not specifically geared to insure these automobiles are unable or willing to issue insurance policies on them because of both the extraordinary value of many of these vehicles as well as the difficulty they face in determining their actual value. So, when deciding upon an insurance policy for a classic vehicle there are obviously many things that you’ll need to consider.

Make the right choice when it comes to an insurer

When shopping for car insurance for an antique vehicle, you’re better off finding a company that specializes in coverage for classic and vintage cars. Most of the mainstream insurance companies know very little about antique vehicles. Besides, even if you’re able to purchase a policy from one of these companies the valuation placed on your antique vehicle will in all likelihood be much lower than what the vehicle is actually worth. So when the time comes to insure your collector car always go with a specialist.

There are companies in the Tristate area that have been insuring antique vehicles for many years. They understand the special needs and requirements of antique car owners and how to address the unique insurance concerns associated with these types of vehicles. While obtaining adequate antique classic car insurance coverage is never cheap, by using a specialist you can rest assured that it’s going to result in a better value for you in the long run.

One of the major advantages you’ll benefit from by purchasing antique classic car insurance from a specialist is that, unlike most standard insurance companies, they often allow for agreed value or negotiated value policies for antique vehicles, which makes sense because an antique vehicle is worth so much more than the total of parts needed to build the vehicle. Also, these vehicles have a lot of sentimental value to their owners, making true valuations often quite difficult to determine.

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