Protecting Your Classic Car
Antique Car Insurance
Owning a classic car is much more than just owing another vehicle, it is owning a piece of history, which is why it is so important to make sure that you find the right amount of insurance protection for your collectible car. Knowing what to look for in a classic car insurance policy will help to ensure that you are able to properly cover your classic car from any peril.
One of the biggest differences when it comes to insuring your classic car is the agreed value. While it is easy to determine the value of your daily driver, it is much harder to determine the value of your classic car. While newer cars lose value each year, many classic cars can actually increase in value. When looking for the right amount of insurance for your classic car, you will work with your insurance agent to decide on an agreed value of your classic. If your car is a total loss after theft or an accident, you will receive a payout for the total agreed value, minus what you pay for the deductible.
In most cases, a classic car insurance policy will be much cheaper than a typical auto insurance policy. Since most people do not drive their classic cars every day, they are at less of a risk of being involved in an accident. In order to keep the costs low, many insurance companies will also put restrictions on your classic car, including how many miles you can drive each year, and where the car must be kept to help avoid damage. Talking with your insurance agent will help to ensure that you find the exact policy that will work for your needs.
For all of your antique car insurance needs when looking to insure your collectible car, contact the insurance professionals at Cappuccino Insurance Agency in Westlake Village, California.
