Classic cars are defined differently by many people but generally, these vehicles are owned by car enthusiasts who faithfully preserve the features of an automobile that is generated many years ago. To insure a classic car however, an owner must first know if it is actually considered by his prospect insurance company as a ‘classic car’. Obviously, this type of car needs to have a special type of insurance. Below are some pointers you might want to take into account:
* Although it is widely reported in the motoring press that classic car insurance is more affordable than a modern car policy, you should still be vigilant and be well informed by having your own research.
* The condition and scarcity of a classic can vary significantly. Thus, an owner’s perception as to the value of his car can often be at odds with his insurer’s valuation in the event of a claim.
* Look for a specialist insurer, they are more likely to provide specialist assistance and provide a better rate.
* It is with utmost importance that you take out a guaranteed agreed valuation when insuring your classic car. A legitimate agreed valuation is the value guaranteed by the insurer should the car be written off or stolen.
Remember, a car as special as yours deserves a special kind of insurance policy. Make sure you consider the statements above as you search for the right plan