Classic Car Insurance
Get a Good Deal on Classic Car Insurance
Getting Car Insurance for Your Antique Collectors Car
Getting car insurance for your antique collector’s car is not the same as buying insurance for your everyday car. The insurance for collector’s cars is different than other auto insurance. Every antique car collector should know a few things about antique car insurance.
First, your state is going to have specific laws as to how old your car has to be to qualify for antique car insurance. The age is usually at least fifteen years. Also, in order to qualify for antique car insurance you must have another car that you use as your regular car, and a garage to park your antique in.
Collector’s policies are important because of the different types of coverage offered. Traditional car insurance pays the actual cash value of the vehicle. Actual cash value is the cost of replacing the car minus the cost of depreciation. This is a poor choice for antique car owners, because it does not incorporate the appreciation of a collector’s item. Another form of traditional car insurance covers the stated value of the car. In this type of coverage, the insurance company pays what the car is stated to be worth.
Antique car insurance is a specialty insurance that pays the agreed value of the car. This way the owner will receive the full value of the car as a collector’s item. And, antique car insurance usually costs less than traditional car insurance. It’s a win-win situation for the car collector! A little education can save the antique car owner a lot of money and frustration when purchasing car insurance for their collectible.
Buy Your Term Life Insurance Policy Online
Article Source: http://EzineArticles.com/?expert=Elizabeth_Newberry
Classic Car Insurance - Make sure
you use a specialist provider for first time car insurance
However easy is it is to compare your car insurance online, research indicates
that 85% of people don't bother changing. The Barclays study suggests that
Britons waste £1.7 billion a year by not shopping around. Come on, don't
be one of them...
Classic Car Insurance: News
- Fastest Ford Fiesta Zetec S revealed
by Vijay Pattni Ford has revealed details of the hottest version of its brand new Fiesta - the 120bhp Ford Fiesta Zetec S. The sporty new Ford Fiesta Zetec S is fitted with an all-new 1.6-litre Ti-VCT petrol engine which produces 120bhp and propels Ford's hot new supermini from 0-62mph in 9.9 seconds. Read the full story now. - The most incredible Minis ever
Mini has unleashed the mental Mini John Cooper Works edition - a turbocharged 211bhp road rocket. As Stuart Milne road tests the scorching supermini, Vijay Pattni rounds up the mightiest Minis in the world. Read the full story now. - Mazda offers £1,500 of free petrol
by Vijay Pattni Mazda is offering motorists £1,500 worth of petrol when they buy a new Mazda RX-8 or Mazda CX-7. The Japanese giant is countering the current fuel crisis with a special promotion to allow UK buyers of the new Mazda RX-8 and Mazda CX-7 free fuel. Read the full story now.
Can't find what you're looking for? Try here: