For classic car enthusiasts, there is nothing more beautiful than the sight of a fully restored classic or antique vehicle. Though not suitable for every day driving, these vehicles still must be insured before you take them out on the road for parades, car shows, and the occasional Sundaydrive. Standard auto insurance is not suitable for these unique vehicles. A New York classic car insurance policy can provide the coverage you need.Classic, or collectible, cars may increase in value over time, rather than depreciate. It’s essential to talk to your agent about your specific vehicle to be sure you are obtaining appropriate coverage for your prized automobile.
Beyond simply ensuring that your vehicle qualifies as a classic, your insurance company may require you to meet other requirements to purchase insurance. Typically, you are required to store your vehicle in an enclosed garage or other protected space. While some modifications may be covered, this can vary depending on your policy. Upkeep of your vehicle to its insured condition is often required.
Many classic car policies have mileage limits, which are often sufficient for participating in parades, auto shows, and occasional usage. If you will be traveling outside New York or traveling more frequently in general, you should inquire about unlimited mileage policies. However, even with these policies, most insurers will require that you have a separate vehicle for daily use. Many classic car policies have mileage limits, which are often sufficient for participating in parades, auto shows, and occasional usage.
Classic auto insurance shares many coverage options with standard car insurance. When you purchase a policy, you will be able to choose from:
Additional options are available for your classic car policy. The most common feature for these policies is an agreed upon value for your classic car. This value is determined prior to the start of the policy. You should periodically have your car’s value reassessed to be sure your policy is fully covering your investment.
When you own a classic car, you need to protect your investment. These rare vehicles do not fit into the standard mold of typical auto insurance. You need a specialized New York classic car insurance policy to ensure that your vehicle is fully covered in the event of an accident, theft, or other loss. Contact one our friendly agents today for help with your classic car insurance policy!