Classic Car Insurance Advantages

1. Classic Car Insurance Advantages Any car collector needs to know about the advantages of classic car insurance, owners may be hesitant to ask about this for fear that it costs more, but it is important to know that there is a difference between this type of insurance and standard insurance. Typical car owners drive their vehicles on daily driver insurance and this is not appropriate. When purchasing any type of vehicle insurance you have to ask relevant questions. One of the most relevant is whether or not classic car insurance is necessary. The answer to this question is yes! Particularly in the case of a claim! Specialty vehicles are often completely irreplaceable and therefore should have insurance that will cater for this fact. Adequate insurance is always necessary, even though many people believe that it is not.

2. Special insurance policies for classic vehicles have been an available product for 50 years. The strange thing is that most car owners are not aware of this. Owners drive these vehicles on standard daily driver insurance, which is more restrictive and more expensive. It may be difficult to believe but the insurance for a classic car can actually be cheaper than a daily driver policy. Sometimes as much as 500% cheaper! A standard car policy can adequately cover the replacement of a specialty vehicle, however with a specifically design product from Leland West Insurance you can have better flexibility and additional benefits. The additional benefits available encompass premiums, service levels, how the claim is dealt with and the kind of cover you require. These benefits do vary from policy to policy, so it is very important to research a few different policies before making any kind of decision. But this is true of any insurance product. While cost is one of the deciding factors when it comes down to making any insurance purchase, it should never be the deciding factor. The insurance business is like any other business, and the old tenet "you get what you pay for" applies. You need to understand your own needs, and examine what the insurer has on offer that is going to make you decide to go with their policy. You need to get the impression from the insurer that you are going to be a valuable customer to them, and that they have a good understanding of the classic car market. The type of insurance a policy uses is the one chief difference between a daily driver policy and a classic car policy. Three types of insurance are used; "actual cash value" and "stated value" both use depreciation. This means that as the car

3. ages it depreciates in value according to the policy. The specialty car owner needs to have an "agreed value" policy, this type of policy does not make use of depreciation, and should you have a claim, you will be paid the agreed value as stated in the policy. Any collector will know that they own a classic car, however if you are not sure that yours will qualify for an "agreed value" policy. You are able to access a list which provides a guideline regarding what does or does not constitute a classic car. This list will be available from your insurer, as will all other information pertinent to any questions you might have regarding specialty insurance. If you want to learn more, visit here: https://lelandwestcover.wordpress.com/