Automobile Insurance: Collector’s Edition
Do you ever see an antique car on the road and think, “Man, I’d hate to accidentally crash into that car”? Well, I do. You can just see and feel how much love and appreciation goes into the car. Oh, and money. Lots of money too. Imagine how the owner feels if someone cuts him off too quickly or rides his butt too closely. So what can they do to ensure all that hard work and restoration can’t go to waste?
There’s a thing called collector car insurance. It’s different than regular car insurance, because while a regular car’s value depreciates, a collector car’s value appreciates. To insure these kinds of cars, insurance companies will negotiate a set, appropriate value for your car that is guaranteed in case of an incident. What other coverages might one need for this type of insurance? Coverages include:
- Roadside assistance with towing specifically with a flatbed truck to prevent damage from transferring the vehicle.
- Traveling coverage: in case your half a century old car breaks down on a long-distance car ride, this coverage includes reimbursement for food, hotel, or a rental vehicle.
- Auto Show Medical: in case you’re displaying your car at a collector’s car exhibit, this coverage will reimburse for injury caused by anyone viewing your display.
To be eligible for this kind of insurance, you must be over 25 with a good driving record. It’s also essential that you have safe-keeping for your car, like a garage, and that you own another car for primary transportation.
By: Kaylynn
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Beyond the Funeral: 9 Reasons Why You Need More Life Insurance Than You Think
Life Insurance: Not Just for Buryin’! Unexpected Costs You Never Knew Were Covered
Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security
Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.
The Farewell Financial: Planning a Peaceful Goodbye
Beyond Goodbyes: A Guide to Navigating Funeral Costs and Life Insurance
Why Life Insurance Matters for Businesses
Death and the Business Owner: How Life Insurance Can Secure Your Legacy
Beyond the Grave: Burial Insurance vs. Life Insurance Explained
Don’t Be Buried by Confusion: Understanding Burial and Life Insurance
From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent
How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)
Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary
The Beneficiary Bunch: Understanding Your Options
Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates
Beyond the Premium: Unveiling the Unexpected Links Between Hobbies and Life Insurance
Unveiling the Different Players (and Why We’re Your Guide!)
Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help
Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!
Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy