Getting Car Insurance for Your Antique Car
If you have an antique car and have it covered under a regular insurance policy, you may just be wasting money. The majority of antique car owners do not separate their antique cars from their regular every day cars when it comes to buying car insurance. This can be a costly mistake. You need to ask your insurance agent if they offer special insurance for antique cars. You may save a lot of money since antique car owners seldom, if ever, actually drive their cars. This means you may be able to get a policy solely on your old car.
When you check on antique car insurance, you may want to shop around with different companies before deciding on the company to insure your car. Individual insurance companies set their own definitions for what constitutes a car being considered a classic. It must be at minimum 15 years old for some insurance companies to consider it a classic. It must also be unused for business purposes, and not be driven a certain amount of miles yearly.
Cars which are twenty five to thirty years old are considered as an antique. These cars must be used purely for show purposes, and not driven. These cars also qualify for a special kind of license plate other cars do not qualify for. All of these things matter when you are shopping for insurance for your antique or classic car.
If you would like to insure your antique or classic car for more than what it’s stated worth is on paper, you will have to get a professional. If you can get an official appraisal, it will categorize the car, by an assessment of the car’s current condition and then a comparison is made with other, similar type vehicles.
Finding a qualified and experienced appraiser is a crucial step not to be overlooked. A qualified appraiser should have a wealth of knowledge about vehicles of similar type and condition. They should also be able to easily give plenty of references, and let you see their current résumé. If you find it difficult to find a well qualified person, then you should contact a group known as the American Society of Appraisers. They should be able to help you find an appraiser to suit your needs.
Proper car categorization is very important to properly insure the antique vehicle. A quality assessment of the antique automobile's current condition is paramount in terms of importance during appraisal. The appraiser should conduct a thorough examination, which includes running the engine, and then write up a detailed special report on their findings, as well as taking photographs.
Your antique car is important to you, so you should take the time to get the proper car insurance to cover it in the event of an emergency.
