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Sunday, July 12, 2009

Antique Car Insurance: Protect The Investment

By Margaret Nufflemeyer

Many antique car owners invest countless hours and dollars into restoring and maintaining their cherished car. For most, this is an investment that needs security. Antique car insurance provides these owners with the peace of mind they need. If you too are interested in antique car insurance then take the time to understand the details of potential policies.

Choosing An Insurance Agency

The internet is a good place to start your search for the perfect insurance policy. There are many online forums and discussion boards that will help you understand the various insurance companies. See what other customers have to say about each company. If you notice multiple people expressing the same complaints about a particular company then move on to the next one.

Each company is different, but many antique car insurance companies have more strict requirements for potential cars. For instance, if you have added new parts to your antique car then it may no longer be eligible. It is important to check with the company to see if your car can be covered.

Does your antique car have new carpet or upholstery? Is all of the glass original? These are the sort of questions you will need to know the answers to. Most antique car insurance companies have restrictions on the number of replacement parts that are not original. If your car has many new parts then you might not be eligible for some policies.

Another point to consider when choosing an antique car insurance provider is that many of these companies require your car to be stored inside a garage. You may not be able to keep it outside. Additionally, some companies will give you a quota of miles you can drive on the car. For many people these restrictions can be too limiting. If you plan on using your antique car as your main driving car then you may find it difficult to find an antique car insurance provider.

Most insurance companies will also require that you have your car appraised. They will also need quality photographs of the vehicle for their records. Additionally, many companies restrict the age of policy holders to those above twenty five and they also demand a clean driving record.

It might seem like antique car insurance is difficult to get and packed with restrictions but for many antique car owners it is well worth the hassle. Antique cars are becoming more scarce and more valuable. Without the protection of antique car insurance you could altogether lose your investment. If you decide to insure your car then take the time to understand the various policies and all of their restrictions and requirements. - 21396

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