Many people love to own antique cars that are more than decades old and love to showcase them at auto shows. They enjoy collecting, restoring and maintaining antique cars and therefore do not mind spending time and money on these prized possessions.
Antique Car Insurance
The vintage cars that are classic or antique vehicles are not only a symbol of their pride but also a link to a bygone era. As an item that keeps increasing in value, it is considered as a good investment. They are often worth more than the most advanced passenger vehicles and therefore need special type of insurance. Antique auto insurance is one such investment that individuals with antique cars would not shy away from. Many insurance companies have designed specialized insurance policies for the antique car owners and they are easy to obtain.
Antique Auto Insurance policies are unique and different as they are not put to regular use. They are maintained and preserved and kept safely only to be taken out for special occasions like car shows or parades. As the antique vehicles need special care their insurance policies are laden with a gamut of requirements and restrictions. The restrictions include these antique vehicles must be securely stored in a garage and their use for pleasure purposes is not allowed. The Antique auto insurance policy stipulates how exactly these vehicles must be used. You may qualify for a reduced rate of insurance if you prove to the insurer that you take out your car only to show off during shows and such special events. Likewise, if you take the car out for other purposes and meet with an accident you can very well forget about the insurance coverage. Taking the car for drives frequently will be construed as a mileage rule violation. The insurance companies are strict in following these rules pertaining to antique vehicles. Antique auto insurance is much different from other policies provided to racing cars, muscle cars and the like.
To be qualified under antique auto category, the vehicle must beat least 25 years. Antique auto insurance is not expensive as the risk to the insurance company is very low as these cars are driven rarely. If you own an antique car it is a wise idea to get antique auto insurance as you are sure to get a good deal. You must shop around for suitable antique auto insurance that can provide the right protection for the value of its replacement if required.
When considering a antique auto insurance policy, it is wise to choose a reputed company to insure your antique automobile. Check if they have good customer service and if they accept the appraised value and not the book value. Obtain a policy that meets your affordability without compromising on quality.