Is your classic car not quite as vintage? Or did you purchase a brand-new specialty vehicle that you just know will be a future classic? Then you may want to consider getting collector insurance.
Collector’s insurance doesn’t have to just be for cars from the ’50s and ’60s. If limited or special edition models, supercars, exotics, imports, replicas, or special interest vehicles are more your style, you can still protect them as such. Besides, as your car continues to go up in value over time, your generic auto policy rates will also. Having more tailored coverage to your car’s age and usage, such as collector’s insurance, will help avoid such extraordinarily high premiums.
Your car is unique and should have a policy that reflects it.
So, how do you go about seeking coverage? There are few requirements your vehicle must meet first:
- This vehicle should be used for pleasure, NOT primary use
- It must have a minimum value of $3,500
- It must be in very good or pristine condition
- It has secure and quality protection
As an extra vehicle, your car should be one you only use for an occasional scenic drive, a rare drive to work when the weather is nice, or for shows. As far as protecting your car, carports and driveways are often allowed, but a garage or full enclosure is preferred.
Next, ask yourself if there are any features or factors that may require the need for extra coverage?
Your “modern classic” is still a classic in its own right. If you are unsure of what category your car may fall into by insurance definitions, contact your local Avery Hall agent. Our trusted advisors can help you find what the perfect coverage for your pride and joy.