What Is Vintage Car Insurance?
Vintage cars are of great historical value. You would often see that the car owners driving the vintage cars have a proud smile on their face. Therefore it is very important to value to car correctly while getting the vintage car insurance. These types of cars are categorized into three types. The cars manufactured before 1903 are called Veteran cars. The cars built between 1903 and 1933 are called Vintage Cars. The cars built between 1933 and 1973 are called classic cars.
As general criteria, all cars which are more than 35 years old are often termed as classic cars. It is imperative that you insure your vintage or classic car against all types of damages and thefts. You can easily buy a car insurance policy from your local agency but it is recommended that you buy a vintage car insurance policy from a company which specializes in insurance of these types of cars.
It is also very important to find the right insurance agency for your classic car insurance since this company should be able to get a proper value to your precious car. The insurance company will examine your car and put a value known as agreed upon value of the car. This aspect of the policy is critical since this is the amount of money which you will get from the insurance company in case of theft beyond recovery or total loss in an accident.
The insurance company will consider a few things while deciding the value and premium amount for your car. Some of these include the age and make of the car, the driving history of owner, the cost of repair and spare parts, the way the car is kept and maintained. Since these are vintage cars, they are expected to be kept nicely in a garage instead of pavement or road.
Usually, the mileage of these cars is very low since these cars are not expected to be the primary mode of transportation. These cars are taken out only for an occasional spin or show off in exhibitions or clubs. Usually, the mileage of these cars would be limited by insurance companies between 1000 to 5000 miles per year. Since vintage cars are very close to their owner?s heart, they should make sure that they do whatever is required to get a comprehensive insurance. - 21392
As general criteria, all cars which are more than 35 years old are often termed as classic cars. It is imperative that you insure your vintage or classic car against all types of damages and thefts. You can easily buy a car insurance policy from your local agency but it is recommended that you buy a vintage car insurance policy from a company which specializes in insurance of these types of cars.
It is also very important to find the right insurance agency for your classic car insurance since this company should be able to get a proper value to your precious car. The insurance company will examine your car and put a value known as agreed upon value of the car. This aspect of the policy is critical since this is the amount of money which you will get from the insurance company in case of theft beyond recovery or total loss in an accident.
The insurance company will consider a few things while deciding the value and premium amount for your car. Some of these include the age and make of the car, the driving history of owner, the cost of repair and spare parts, the way the car is kept and maintained. Since these are vintage cars, they are expected to be kept nicely in a garage instead of pavement or road.
Usually, the mileage of these cars is very low since these cars are not expected to be the primary mode of transportation. These cars are taken out only for an occasional spin or show off in exhibitions or clubs. Usually, the mileage of these cars would be limited by insurance companies between 1000 to 5000 miles per year. Since vintage cars are very close to their owner?s heart, they should make sure that they do whatever is required to get a comprehensive insurance. - 21392
About the Author:
The author writes articles on personal finance and insurance including vintage car insurance and prestige car insurance.
posted by X - Men @ 12:23 AM
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