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While you will get the normal provisions that are found in a standard auto policy, such as bodily injury liability coverage, there are also some differences. Since each classic car is unique there is no set value that you will be insured for. The first step is that you and the insurance agent reach an agreement on the value of the vehicle. The value that is specified in your policy will allow your car to be covered up to that without any depreciation. Unlike everyday vehicles that would normally depreciate over time, a classic car can gain value. This is what makes a classic car policy unique and you may need to adjust coverage with your agent as the value of your auto appreciates. You can also add coverage for spare parts and special towing.
- Why You Need Classic Car Insurance in Florida
Your classic or collectible car isn’t just an ordinary car and therefore regular auto insurance isn’t sufficient in order to protect this vehicle from loss or damage. There are different cars that can qualify as classic cars for classic car insurance. You may need classic car insurance if you have an antique that is at least 25 to 30 years old, an exotic or luxury auto, or a muscle car.
- Qualifying for Classic Car Insurance in Florida
Check with your agent at Singh Insurance and Financial Services LLC to see what the requirements are for insuring your classic car. Besides the age of the car, there may also be other limitations. Your classic car shouldn’t be used as an everyday vehicle and must be properly stored. It should be in a private or enclosed structure, such as a storage unit or residential garage. You may also need to make sure that you don’t have any serious offenses on your driving record, such as repeat speeding violations or reckless driving, in order to qualify for classic car insurance.
Contact Singh Insurance and Financial Services LLC to get a quote on classic car insurance.