Good for you!  You’ve bought your very first COPO Chevy and are excited to display it, whether at a car fair or simply polished in pristine condition in your garage.  As with all such valuables, you’ve likely considered acquiring insurance for the car.  Obtaining insurance for a classic car, however, differs greatly from conventional car insurance, due to the unusual matters that concern classic cars.  There are certain hazards that only happen in car shows, for example, where most classic cars are displayed, and the age of these vehicles makes them tough to price for the purpose of determining premiums and policy values.  You ought to make certain that the following issues are present in any such insurance policy that you may acquire. If you’d like a quick classic auto insurance quote, click here for info.

 

Agree on a valuation for your car, the amount that the insurer will disburse should the vehicle be lostor destroyed.  This “agreed-valuation” policy may give you smaller premiums to pay, but make sure that it is a definite payment in the event of such an untoward incident.  You may want to get the assistance of an independent appraiser to price your car precisely.  Likewise, make sure you can raise or lower the agreed valuation every year as your classic car rises or depreciates in value.  Consider the value of rare ornaments which may be very agonizing to replace. As mentioned earlier, your unique insurance contract should accommodate dangers unique to classic cars.  If you do not plan for the car to be taken out on the road, do ask your insurer whether damage it suffers while in your garage will be insured.  To get a classic car insurance quotation, click here for info.

 

You may want to consider a mileage limit in your contract if you do not plan to drive your classic car very often, which will provide you considerably cheaper premiums and make your car a more viable insurable prospect. Take note of any limitations on your car usage that would void the insurance policy if not followed.  Determine whether your classic car can be used for regular driving or only for display.  Determine whether you should bring your car to a shop chosen by your insurer for fixing.  Figure out whether or not special storage is a must for the vehicle.  While these conditions are usually difficult to follow, they should also lower the premium on the insurance contract. Remember, you didn’t just buy a transport; you acquired a mobile antique.  Construct your insurance policy like you would your cherished vehicle, and free yourself from worry as you exhibit your pride and joy at the next car show, or your backyard.

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