| Specialty muscle car insurance is one thing | | | | they think it is worth. Verify that the muscle car |
| that you need to look into if you drive a classic | | | | insurance company in question is offering an |
| muscle car. A normal insurance policy with the | | | | Agreed Value policy. |
| same company that provides you with the | | | | The third point to look at when choosing a |
| insurance for your commuter car may be costing | | | | muscle car insurance policy is if it will cover the |
| you way more than it should, and you may be | | | | cost of repairs at the repair shop of YOUR |
| quite disappointed with your reimbursement | | | | choice. You probably don't want to take your |
| amount if you ever have to file a claim. An | | | | pride and joy to a body shop that churns out lots |
| insurance company that specializes in classic cars | | | | of "merely acceptable" repairs on late model |
| can usually offer you a policy with more | | | | cars. Many insurance policies will not cover the |
| appropriate coverage, at a much more reasonable | | | | extra cost of taking your muscle car to a repair |
| cost, than your normal insurance company. | | | | shop that specializes in restoring muscle cars. |
| The first thing to check on when researching | | | | Make sure you get a policy that will cover the |
| a specialty insurance policy is the A.M Best rating | | | | extra cost of high quality work. |
| of an insurance company's underwriter. You | | | | The fourth point to require of your muscle |
| want to make sure the underwriter is financially | | | | car insurance policy is that it cover the extra cost |
| solid and stable, so only use an insurance | | | | of original equipment repair parts. With the |
| company whose underwriter has a rating of "A-" | | | | popularity of muscle cars these days, there are |
| or better. Find out who the underwriter for your | | | | some rather low-quality replacement parts being |
| policy will be, and check their rating on A.M. Best's | | | | made, which would detract from the value of |
| website. | | | | your car and/or require extra labor to bring them |
| The second point to check on is if the muscle | | | | into shape. Make sure your insurance policy will |
| car insurance provider is offering you an Agreed | | | | cover the additional cost of using original |
| Value policy. Your commuter car is most likely | | | | equipment replacement parts. |
| covered with an Actual Cash Value policy, Stated | | | | When getting a quote for a muscle car |
| Value or Stated Amount policy. These types of | | | | insurance policy, make sure that it is underwritten |
| policies assume that your car depreciates over | | | | by a financially stable company and that it is an |
| time, and they don't take into account the | | | | Agreed Value type of policy. Verify that the |
| collector value of your muscle car. Agreed Value | | | | policy will cover the cost of repairs at the shop of |
| policies require you to come to an agreement | | | | your own choosing and the extra cost of original |
| with your insurance company on what your car is | | | | equipment replacement parts. Once you have |
| worth at the time the policy is initiated. In the | | | | those four criteria met, you are on your way to |
| event of a total loss, your insurance company will | | | | making a good decision on a muscle car insurance |
| reimburse you the Agreed Value, instead of what | | | | policy. |