Tag Archives: Insurance
by Dave Catchpole
Many Americans have taken interest in restoring classic vehicles but when it comes to insuring them many of these classic car owners are unaware of the options for coverage. Many standard auto insurance policies are not designed to protect antique and classic vehicle to their true value. Quality, upgrades, and cost of restoration are not always considered into the true value of these vehicles.
Insurance companies have developed programs that specifically cater to the needs of the true classic car enthusiast. These policies are offering a significantly higher amount of coverage and are mainly sold at an agreed value basis. This gives far superior protection to the policy holder, ensuring that they are protected to the actual value of the vehicle itself.
With many of the classic car insurance programs the annual premium can be up to 75 percent lower than insuring the same vehicle on a personal auto policy but there are qualification restrictions that need to be meat in order to qualify for the policy.
Most of the companies that offer this type of coverage require that these [Read more...]
When you are deciding to take out money for any car repair insurance policy you have to understand what it entails. It’s similar to the other types of insurance since it’s an agreement between the vehicle owner and the car repair insurance. The insurance is responsible of the repair bill of the car during the time it’s insured. All states have particular features of coverage and this type of insurance is not regulated nationally. This is why it’s important to know the relevant terms and conditions.
Tips on car repair insurance
The car repair insurance policy covers the maintenance of the vehicle all through when it is insured. As a matter of fact you have to be sure what the policy is covering. Here are a few tips that you can look into when deciding the repair insurance policy that is suitable for you.
How old is the car: – many insurance companies offering such cover, state that it does not matte the type of car that you have, they will offer the cover that will protect the car from the repairs that will be carried [Read more...]
There has always been an element of glamour to owning a prestigious sports car. For many, it is the ultimate symbol of success and affords the distinct impression that the owner is as fast, sleek and elegant as the vehicle he chooses to drive. To own a high performance car is to tell the rest of the world that you have well and truly arrived!
Unfortunately success, glamour and prestige come at a price and it’s not just the cost of the car that’s going to leave a huge dent in your bank balance. The rising cost of sports car insurance continues to be a deterrent for many of those who are thinking about picking up that elusive Porsche, Lamborghini or Ferrari.
Yet sports car insurance doesn’t have to be as expensive as some might imagine. Insuring a sporty car has always been something of an expert market and speaking to a specialist company instead of a general insurer can often produce pleasant surprises.
If you are considering making a move for a classic model of sports vehicle such as an MG or Morgan, there are specialist insurance companies for those as [Read more...]
Any car collector needs to know about the advantages of classic car insurance, owners may be hesitant to ask about this for fear that it costs more, but it is important to know that there is a difference between this type of insurance and standard insurance. Typical car owners drive their vehicles on daily driver insurance and this is not appropriate.
When purchasing any type of vehicle insurance you have to ask relevant questions. One of the most relevant is whether or not classic car insurance is necessary. The answer to this question is yes! Particularly in the case of a claim! Specialty vehicles are often completely irreplaceable and therefore should have insurance that will cater for this fact. Adequate insurance is always necessary, even though many people believe that it is not.
Special insurance policies for classic vehicles have been an available product for 50 years.
The strange thing is that most car owners are not aware of this. Owners drive these vehicles on standard daily driver insurance, which is more restrictive and more expensive.
It may be difficult [Read more...]