Benefits of Specialty Collector Car Insurance Companies

Those who possess and drive collector cars own several needs for their collector car insurance compared to they have for their own cars that might be driven daily. A collectible car is simply by explanation "amazing", therefore it possesses special considerations to take into consideration when it comes to insurance. Your everyday auto insurer that insures the vehicle you drive to work is used to managing claims on modern cars that depreciate in value as they simply age, and the average owner doesn't notice the difference within a $2000 paint job as well as a $10,000 paint job. A great company that focuses on collector auto insurance has a number of key benefits to provide the collectible car proprietor.

Benefit # One: Lower Premiums - A collector car is normally only driven on a limited basis, preserved indoors, not driven in bad weather, and generally can lead a "babied" daily living. Most classic car insurance companies may also be somewhat selective with regard to who exactly they are able to insure. These two factors let the classic car insurance company to actually charge much lower monthly premiums compared to conventional insurance companies, due to the fact they are aware that the collector's car is less likely to be in an accident.

Benefit # Two: Agreed Value Coverage - Most classic car insurance companies offer a good Agreed Value policy, meaning that you come to an agreement with the insurance company about what your vehicle is valued at just before the policy is created. In case you have a total loss vehicle accident or theft, an Agreed Value policy will reimburse the entire amount that was agreed upon whenever the insurance policy was initiated. Very few conventional insurance companies offer a valid "Agreed Value" insurance policy. They offer a "Stated Value" or "Stated Amount" insurance policy possesses a clause which permits them to only pay what they "believe that" the car was worth, and it also creates the judgment that your particular collector car is in fact depreciating like a typical used vehicle!

Benefit # Three: They actually Fully understand Your Needs - Specialty collector car insurance companies understand your needs better than a typical insurance provider does because more often than not the insurance representatives and potentially owners of this very company are car enthusiasts or perhaps even collectors themselves. They actually realize just how much your collector car signifies to you, and they understand the value of the car being repaired properly so that it retains it's own value. When presented with a claim they are able to provide you much less dispute and a lot more leeway to obtain your car repaired the right way the first time.

Benefit # Four: Repair Shop Of Choice - Many everyday insurance companies will only pay a set rate for vehicle collision repair at a large-volume body shop that actually does average-quality work on modern cars. If you get your car to a shop that specializes in restoration work, you may be left footing the bill for the difference in cost. Many antique car insurance companies will allow you to bring your car to the specialty repair shop, and they'll pay precisely what it costs to have the car repaired the proper way by a craftsman that is skilled with regard to restoration work.