I know how much it means to you. You’ve put your heart, soul, and probably more money than you’d hoped to, and now you have the vintage car of your dreams. She’s your baby, and you always want the very best for her. But what do you do when it comes to insuring this unique type of automobile?
If you have a special car, of course, it deserves special insurance coverage. From legal requirements to policies that offer peace of mind, let’s review some of your options when it comes to insuring your vintage car.
Agreed Value Protection
When you have a basic vehicle, it isn’t tough to value its worth. These days, we have a plethora of assets at our fingertips, right on our phones! From Kelley Blue Book to the countless sites offering to buy, sell, or finance your car, you can find its approximate worth within a few hundred dollars.
But when it comes to your vintage car, things work a bit differently in the world of insurance. Each vintage car can have a much wider possible value or worth. Depending on the vehicle’s features, the authenticity of its parts or upgrades, and its condition, there are numerous factors that can influence the value of your vintage car. Because there are so many factors to consider, having a predetermined amount or an agreed-upon value ahead of time means there is no guesswork should you need to file a claim.
An AVP policy, if your vehicle is a total loss, pays you the full amount of its value, minus only your deductible. These policies are a far better choice for vintage car owners, as your investment is protected for a known amount, making it superior to actual value or stated value policies.
Usage-Based Rates
Let’s face it, you aren’t using your vintage car to commute to and from work each day. In fact, you likely save rides for special occasions, car shows, or beautiful weather. If you seldom get to drive your vintage vehicle, your insurance policy should reflect that limited use. I can create comprehensive insurance policies that take into consideration infrequent use, ensuring you’re fully covered while still paying a fair price for your policy.
Flexible Coverage
What if your vintage car needs roadside assistance? What if you only drive it a few times a year? What if you have poured hours of work into the restoration of your baby? There are a multitude of reasons why your vintage car insurance should be tailored to your specific needs. At the end of the day, you need a flexible agent working for you, providing the flexibility of coverage options while maintaining the utmost protection.
Learn more about how I can ensure your vintage car is properly insured here, or better yet, call today to schedule an appointment so we can work together to create the perfect policy for your “baby.”
