Owning a classic car is a
source of pride for its owner. It is a lot of fun to show off one's car to
friends and strangers alike. Whether your classic or collector's car spends
most of its time on the road, on display, or under cover in the garage, just
knowing that it is nearby can be a great source of comfort.
Unless you are mega-rich, your
classic car is probably one of your top prized possessions in terms of market
value. You have no doubt spent considerable amounts of time and money
researching the right car to buy and then, once you bought it, taking the
utmost care of it.
There is no doubt that insuring
your classic car is the smartest way to protect your investment. It is
important to know how to evaluate the various insurance companies out there so
that you can choose one that offers the best policy for your needs. Not only
should the policy you choose be just right for your coverage needs, but the
insurer you go with should offer a top-notch customer service and claims
department as well.
Buying car insurance for your
classic automobile is not the same as buying for other types of cars. Here are
5 tips for evaluating class car insurance companies:
1. Find a company that
specializes in insuring collector cars and classic cars:
While it is not absolutely
necessary that you find an insurance company that solely deals in insuring
classic and collector automobiles, it will definitely help if you can find one
that at least has a specialty department in this area. They will know which
questions to ask you so that they can connect you with just the right policy.
2. Make sure the company
adequately values your car:
If you decide to apply for a
policy with a given insurer, be sure to get a guarantee from them up front that
they will cover your car for its full value in the event of a total loss. There
is nothing like trying to file a claim on a total loss, only to find out that
the company has undervalued your classic car and therefore not willing to pay
you what it is worth.
3. Find out whether they have a
dedicated parts specialist:
Some classic car insurance
companies actually have on-site parts specialists who will help you track down
rare and hard-to-find parts for your classic car. Why not insure with a company
that offers such a useful service? Ask whether each company you are evaluating
offers this type of service.
4. Decide what level of
deductible you are comfortable with:
Before comparing quotes from
different companies, be sure you are getting apples-to-apples car insurance
quotes. To do this, decide what level of insurance deductible you would be
comfortable with and go with that for each company you talk to.
5. Compare quotes from multiple
companies:
Be sure to create a list of at
least 3-5 classic car insurance companies before applying. Then, go out and
apply to each and every one of them. Spending the extra hour or so to call or
contact online multiple companies will help you land the very-best rate on your
new policy.
Take these 5 tips to heart as
you set about evaluating classic car insurance companies.
0 Response to "5 Tips For Evaluating Classic Car Insurance Companies 2018"
Posting Komentar