If you are fond of vintage cars and possess one, then you would be well aware of what that asset means to you. It is not just an ordinary car but a valuable, unique and treasured rare belonging which needs to be insured and protected well against any potential harm and damage. So it is very important to take a sound decision when insuring your classic car. A classic car is one whose value is more than its original selling price.
Cars that fall in this category include antique cars that are around 25 to 30 years old, muscle cars, classic trucks, hatrods, modified cars, exotic and luxury vehicles.
Since it is no ordinary car, insuring a classic car has its own course of insurance procedure. First and foremost, you and the insurer must mutually agree upon a value of the car. Once a value agreed upon by both the parties, it should be mentioned on the policy which would also serve as a benchmark of coverage provided by the company.
Insuring a classic car requires the repair and maintenance services from only a specialized repair and restoration workshop given its special needs. So the policy must address this aspect of insuring your classic car that it must be taken to a specialist shop when the need arises even I it charges twice or thrice more than any ordinary repair shop. Moreover, insuring a classic car also requires policy to give spare parts and towing coverage if needed to replace unique vehicle parts like engine, wheels and transmissions.
Insuring your classic car calls for looking for a company that offers full flexibility in terms of usage of the vintage car. That is, the company must allow you to take your car everywhere you want places like exhibitions, car club occasions or simply pleasure drive by the avenues. However, many insurance companies make it an important criteria that the classic car is not used for daily purposes. They advocate limited mileage and look for evidence that the car is properly garaged when not used. Some companies also look for proof that the customer owns some other car as well for daily use. Having all these conditions fulfilled, the company should be flexible with the customer in terms of letting him to take out his car occasionally.
Companies that provide insurance dig well into the customer’s previous record so as to look out for any poor driving record. Insuring your classic car requires even more consideration as to the driving record of the customer. You might be in great difficulty if your driving track record has evidences of driving while intoxicated, repeated speeding tickets or any other offense. No company shall be ready to insure your classic car if your driving history depicts you as a careless driver. Similarly if the car is already in poor condition or has been dented before even in that case, no insurance company texas shall be willing to insure your classic car.
Hence the key to insuring your classic car is to keep it in a good working state.
