Why Classic Car Insurance?


 

Classic car insurance provides low-cost, guaranteed value coverage for collector car lovers.  Since it is only available for classic and collectible vehicles that are not driven daily, coverage can be provided at significantly lower prices than standard insurance providers.

Many classic vehicle policies also offer “spare parts” coverage, and auto show medical reimbursement for injuries to the policyholder or family members, if injured during a car show or car-related function. Roadside assistance typically includes guaranteed flatbed towing and some classic car carriers allow an unlimited number of service calls annually.

  The following exclusions generally apply:

  • No off-road or recreational vehicles
  • No daily-use vehicles
  • No commercial-use vehicles
  • No motorcycles with performance modifications
  • No driver with serious infractions with the last three years
  • No driver without a valid driver’s license
  • No driver without a regular-use insurance policy in their name

Some carriers will cover a collector vehicle as new as a1998 year model.  There is classic vehicle coverage available for motorcycles, tractors, retired commercial vehicles, and more.  Texas residents, please contact Sue at Price Insurance Exchange for more information.

Comments

Post a Comment

Popular posts from this blog

Why Does My Homeowner Policy Have Such a High Dwelling Limit? My House Isn't Worth That Much!

Image
The "value" of your home is different for real estate, taxes, and insurance.  Let's look at the differences  between a real estate appraisal , the purchase price , the property tax appraised value , and the reconstruction cost estimate .   Let's start with the property tax appraised value. With older homes, the amount taxed can be very different than the real estate appraisal. A real estate appraisal takes into consideration the age and condition of the home, plus upgrades and additions. The purchase price is usually based on a combination of the real estate appraisal and the  market value . Market value is the amount similar homes are selling for (within a certain distance of the home's location). The reconstruction cost estimate is the amount insurance companies use to calculate the cost of rebuilding your home if it is severely damaged or is a total loss after a covered event such as tornado or fire. Although each carrier uses their own version of the RC...
Read more

Off-Road Vehicle Insurance vs Coverage as Part of Homeowner's Policy

Image
Photo: Courtesy of  Mikhael Mayim @pexels.com If you have an ATV, Side-by-Side, Golf Cart, Dune Buggy, or other off-road vehicle, some coverage may be provided on your homeowner policy.  So why buy off-road vehicle insurance? Home policies typically have restrictions based on vehicle maximum speed, engine size, usage and value. Liability coverage may exist, but only on the residence premises. Extra coverage for off-premises use may be available for an additional premium on your home policy, but not all vehicles are eligible. Medical payments coverage on the off-road policy is primary, and will pay in the event of a loss before any other insurance is applied.  Medical coverage option (for off-road vehicles) is not usually offered on home policy packages. Physical Damage coverage is for direct and accidental loss for many kinds of claims (weather, collision). Usually, a separate policy must be purchased for this coverage, over and beyond the homeowner policy. An off-road po...
Read more

Protect your Stuff with Renters Insurance

Image
Your landlord's insurance policy does not cover your furniture and other valuables. Your TV, laptop -- the cost of the stuff in your place adds up quickly. If you live in an apartment, and your upstairs neighbor overflows the tub and your clothes, shoes, and furniture are destroyed, can you afford to replace everything? Can you afford to stay somewhere else while your apartment is being repaired? Renters insurance covers your property against windstorms, fire, and theft. Most Renters policies even extend coverage to personal property that you have in a storage unit. It also covers personal liability, medical payments to others, and provides for temporary living expenses. Did you know that Progressive Insurance customers enjoy a single deductible in the event of a claim that affects both their Progressive Renters and their Progressive Auto policy?  Bundle Auto and Renters insurance for a discount.  Renters insurance is super affordable -- as low as $11 per month.   Ca...
Read more