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There
are often three terms used to identify historical
motor vehicles and classic car insurance can be used
for all three types.
- veteran
cars: manufactured before 1903
- vintage
cars: manufactured between 1903 and 1933
- classic
cars: pre-1973 or at least 15 years old.
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A lot of insurance companies only provide the same type of cover as they do with modern cars, therefore it pays to shop around for the cover that suits you best.The meaning of a Classic car can vary depending on the insurer and a lot of the larger companies have not got classic car schemes.
It is
sometimes reported that classic car insurance is a lot
cheaper than modern car insurance but this is not always
the case.The condition and value of the vehicle can be
an issue between the owner and the insurer,therefore it
is important to take out a guaranteed agreed valuation
when insuring your vehicle. Often the value of the car
will be dependent on the condition, mileage and model etc.
Roadside recovery is useful as well as any driver cover, this can be arranged with a specialist insurance company.Classic car insurance may come with a restricted mileage clause, this may vary from approximately 1000 miles per year to approximately 5000 miles per year. This gives the classic car owner the chance to have the pleasure in driving their vehicle on a fairly regular basis.
Some classic car insurance carries some strict restrictions on storing the vehicle, A lot of the time a garage is required.If you are having any restoration work done be aware that your classic car is not always covered under your classic car insurance policy. In order to find the best classic insurance for you, some research is needed.
Once you have found a suitable classic auto insurance provider, the provider may want to have your classic vehicle appraised to estimate a value of the vehicle.This is important if the vehicle is damaged, stolen or destroyed.
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