Owning a collectible car may be a matter of pride for some; however, it also is an investment. You will need to protect your investment with the right collector car insurance policy. As collectible cars are quite expensive to replace or repair, a collector car insurance policy will protect your investment against possible damage, theft, or accidents. Collector car insurance differs greatly from regular car insurance. Insurance companies have several requirements before they will underwrite a policy to cover your collectible. The three main stipulations are mileage limits, vehicle age, and driver qualifications. Additionally, an insurer will insist the vehicle be secured in a garage when it is not in use.
br>Compare san diego auto insurance Quotes for Free. Mileage limitations may vary from company to company, generally the limit is 5000 miles per year. However, there are some cases where more miles are permitted. A further restriction on mileage driven is that a car can not be used for commercial purposes or for daily commutes, however, a collector car insurance policy does allow the car to be driven to car shows and related activities. Collector car insurance policies also have a requirement on the age of the vehicle. The majority of companies require the car to be at least 15 years old. Some insurance providers require as much as 25 years and in a few cases more than 35 years old. Collector car insurance companies will require certain driver qualifications before a policy can be issued. Minimum age of a qualified driver is mostly 25 while the minimum driving experience is 9 years. Once the conditions for the collector car insurance is achieved, you and the agent will set an agreed upon value for the vehicle. In a collector policy, the value of the vehicle is determined by an agreement between you and the insurer, unlike a regular policy which uses fair market value. Whatever amount you and the agent agree to is the amount that will be paid to you in the event the car is a total loss due to an accident or theft|This amount, when agreed on between the insurance company and you, is the set amount that will be paid in case the car is a total loss as a result of a covered incident.

Receive competing houston auto insurance Quotes Today. You can protect your vehicular masterpiece with collector car insurance from many different insurance providers. However, choosing a company that specializes in collector car insurance will give you the best coverage and maximum benefit

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