If you are not pleased with the service of your current insurance provider and have your doubts as to whether your collectible car is fully insured at the correct amount, maybe it’s time to study your other option when it comes to automobile insurance.
There are many collectible car owners who desire to have their vehicles insured and when they get a policy, the amount of the total loss value of the car will not be the same if the collectible was sold. How can you recover the real amount that is lost just in case something happens to your precious car?
Is the amount that can be collected from claims enough to pay for the restoration fees required if you get a couple of dents or smash the front grill? There is an insurance term for what you might be looking for and that is ‘agreed value’.
When you have a collectible automobile, the insurance company that specializes in Agreed Value Insurance policies will identify the vehicle as antique, classic or exotic and not just open the book and base the vehicles value on the make and model.
The collectible car that you own is not just any car, it might be the featured vehicle in a car show, and you would like to be compensated in case of loss or damage with the right amount.
Classic Insurance Agency will provide you the great service that you need and you may ask for a customized policy that will have the agreed value of your collectible vehicle. If you prefer to have an account executive assigned to you, please visit the website, call us at 1-800-397-0765 or send an e-mail to [email protected]. You may also request an instant quotation.
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.
