By Daniel Steinzeig
A classic, custom collector car is not just an ordinary car, and that’s why you cannot just have ordinary insurance on your collector car. There is no concrete definition of what a classic collector car is, but here are some examples:
- Antique and classic cars, usually over 25 years old
- Hotrods and modified vehicles
- Exotic and muscle cars
- Classic trucks
There are different ways your car can qualify for classic or collectible coverage:
- Limited Use. Your car is not regularly driven during the week
- The automobile is stored and covered in a garage or storage space when not on display or show
- A clean driving record is also vital when insuring a collector car
Before you get a classic auto insured, there are some things about your vehicle to know:
- The value of the car – each collector car is different, which makes each of them unique. There is no set value for these cars, so the first step is to agree with your insurer on how much the car is worth.
- Special towing and parts – coverage for towing should be included with your insurance, but towing these cars is not the same as towing a regular vehicle. Spare parts should be covered, too, because these parts are typically hard to find.
Getting your collector car covered correctly is extremely important. These are rare and unique cars, so you want to ensure they are taken care of, no matter what.
If you own a collector car and need insurance assistance or a review of your current policy, contact TrustPoint Insurance & Real Estate today.