Are you Paying too Much for your Classic Car Insurance?


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If you are covering your antique or classic car under a regular insurance policy, you may be paying too much. Most people don’t use their antique cars every day and so are better off getting a policy which is geared towards an antique car and which costs them a lot less.
  • 1. If you cover a classic or antique car with a regular insurance policy, you may be wasting
  • 2. It makes far more sense to find a specialist such as:•American Collectors Insurance•HagertyInsurance•Grundy
  • 3. Insurance companies make the distinction between old, classicand
  • 4. Classiccars are between 15 and 30 years old and something of special worth to a
  • 5. Antique cars are over 30 years old, have historic plates and can only be driven as part of a
  • 6. There are three types of insurance policy for an antique or classic car:•Actual cash value(ACV)•Agreed value(AV)•Stated value(SV)
  • 7. With an actual cash valuepolicy, the value is set to match that of the car at the time of being insured. (This value decreases with time.)
  • 8. With the stated valuepolicy, the insurance pays either the cost of the damage to the vehicle or the ACV (whichever is the lower)
  • 9. With the agreed valuepolicy (the best of the three), you are guaranteed the sum agreed on the current agreed valuation
  • 10. The valuation process includes the car becoming officially recorded with a list other cars that are considered to be under that same value
  • 11. To select a suitable appraiser, you can contact the American Society of
  • 12. The appraiser checks the vehicle thoroughly before producing a detailed
  • 13. In addition to the valuation certificate, the insurance company will need to know the make, color, model, body style, year, engine numberand vehicle identification number(or VIN)
  • 14. Insuring your classic or antique car with a specialist is the best way of addressing all the concerns you have about your
  • 15. www.USA Insurance
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