How Classic Car Insurance Works

Classic car insurance will provide you with expert service and coverage options that are designed specifically to meet the needs of the owners of classic cars. Some of these options may not be available with a traditional car insurance policy in Brevard, NC. At Brevard Insurance Agency Inc, we strive to provide the coverage you need regardless of the vehicle that you drive.

The most important aspect of classic car insurance is the agreed value coverage. This means that you and your insurance provider agree on the value of your classic car based on an appraisal. Several agencies that offer classic car insurance will also provide specialized coverage for things like repairs from exotic car experts and putting your car on display at an auto show.

Benefits of Classic Car Insurance

Typically, the providers of classic car insurance are familiar with providing coverage in such a specialized area and are more knowledgeable when it comes to the unique needs of someone who a classic car. Additional coverage in this area includes:

  • Auto show medical reimbursement
  • Cash settlement option
  • Increased replacement cost
  • No attendance required
  • Roadside assistance
  • Spare parts coverage

Classic car insurance policies will also typically include the most common auto insurance coverage as well, such as personal injury protection, liability, comprehensive, collision, and uninsured motorist coverage.

Classic Car Insurance Eligibility

Classic car insurance is not designed for recent model vehicles that you use daily. To be eligible for classic car insurance coverage, the car has to meet certain criteria, which may include:

  • A model at least 25 years old
  • A modern muscle car
  • An exotic car
  • A modified vehicle
  • Good condition
  • Parked in a fully enclosed, secure structure
  • Not used for commuting daily
  • Not used for racing
  • Driven no more than a specific number of miles per year

If you need classic car coverage and you are located in the Brevard, NC area, contact Brevard Insurance Agency Inc to learn about the coverage options that we have available for your classic car.

What You Need to Know About Classic Car Insurance

Owning classic cars can be a great hobby and a great investment. Protecting that investment is an important detail to consider. At Brevard Insurance Agency Inc, serving Brevard, NC, we understand that if customers are going to make the best insurance choices, they need the best insurance information. This is why we make it a point to educate our customers on important insurance topics. Today, let’s talk about classic car insurance. Why is it important, and how can you get the best coverage?

Is Auto Insurance Enough?

Classic car enthusiasts understand that a classic cars’ value is not determined in the same way as a regular car. Classic cars require a time and money investment which can sometimes be hard to put a number on. The work that is done on a classic car has a lot to do with its ultimate value. Because the value of classic cars is determined differently, regular auto insurance is usually not sufficient. To have your classic car’s value protected, it will be necessary to sit down with an insurance representative and determine the car’s value. 

Things to Consider

When you talk with an insurance representative concerning your classic car insurance, there are a few things you will want to consider and a few pieces of information which you will need to share. How old is the vehicle? How much of an investment have you made into the car? What would the car’s value be to other collectors? How will the car be stored? How often is the car driven? This information will be help determine how much coverage your classic car will need. 

If you would like to learn more about classic car insurance, please contact our office at Brevard Insurance Agency Inc, serving Brevard, NC.