If you own a classic car in Dadeville, AL, you should consider getting a classic car insurance policy. These antique cars are a great investment, especially when you want to add something unique and classy to your car collection. Insuring it ensures you are protecting yourself and your car in case anything happens. To help you understand classic car insurance, Highpoint Insurance Group takes you through what you need to know.
How Does it Work?
Classic car insurance works the same way your standard auto policy works. However, classic car insurance comes with the benefit that you get coverage for your car’s agreed value as long as you follow the terms and conditions stated. Just like the regular policy, this type of insurance also comes with different coverage, like collision coverage and comprehensive coverage. You can therefore choose the one that fits your needs and budget.
What Is Considered a Classic Car?
For your car to be considered a classic, it should be at least 20 to 25 years old and above. The vehicle also needs to be maintained to its original specifications or designs. This means that any restoration done to the car should remain consistent with how the vehicle was originally built.
Qualifications For Classic Car Insurance
There are rules governing a classic car insurance policy other than the age. They include:
- The car should not be used as the main car to run errands or for daily use.
- The car should be stored in safe storage like a private garage, storage unit, or pole barn.
- The car needs to be in good condition.
- It should not be used for racing.
- The driver should be 25 years and above and with a good driving record.
Insuring your classic car ensures you do not suffer a financial loss when you get into an accident and damage the car, get injured, or injure other people. And since this type of auto insurance is somehow complex, you need to work with a great team like the one at Highpoint Insurance Group of Dadeville, AL. Give us a call today, and we will assist you in choosing the right coverage.