Classic or “Vintage” cars are a true investment that cannot be easily replaced. That’s why many classic car owners take out a separate classic car insurance policy. This provides liability coverages, uninsured and underinsured motorist coverage, and medical coverages like personal injury protection or medical payments coverage. Many classic care insurance policies also include coverage for purchase towing and roadside assistance reimbursement.
What sets a classic car insurance policy apart is the coverage it provides for your vehicle under collision and comprehensive coverages. This level of coverage will be based on the agreed value of your vehicle. It is an amount determined between you, as the owner, and the insurer on the value of the vehicle the policy is written for. It typically follows industry guidelines and is generally reviewed upon policy renewal.
Having a company like Healy Brokerage on your side will help decode the negotiation process to ensure that you get exactly the level of coverage your classic car needs at the best possible rate.