Vintage Car Insurance

ext">Specialty vintage car insurance is one thingwhose underwriter has a rating of "A-" or better.
that you certainly need to look into if you drive aFind out who the underwriter will be for your
vintage car. An insurance policy with the samevintage car insurance policy, and check their rating
company that provides you with the insurance foron the A.M. Best website.
your everyday car may be costing youThe third point to look at when looking for a
considerably more than it should, and you may bevintage car insurance policy is if it will cover the
upset with your reimbursement amount if youextra cost of repairs at the repair shop of YOUR
ever need to file a claim. An insurance companychoice. You don't want to take your pride and joy
that specializes in vintage cars can usually offerto the body shop down the street that churns
you a policy with better coverage, at a muchout lots of merely satisfactory repairs on late
more reasonable cost, than your regular insurancemodel cars. Many insurance policies will not cover
company.the extra cost of taking your vintage car to a
The first criterion to check for is if the vintagerepair shop that specializes in restoring classic cars.
car insurance provider is offering you an AgreedMake sure you get a policy that will cover the
Value policy. Your everyday car is most likelyextra cost of a body shop that does high quality
covered with an Actual Cash Value, a Statedwork.
Value or a Stated Amount policy. These types ofThe fourth criterion to look for in your vintage
policies assume that your car depreciates overcar insurance policy is that it covers the extra
time, and they don't take into account thecost of original equipment replacement parts. With
collector value of your vintage car. Agreed Valuethe popularity of vintage cars these days, there
policies require you to come to an agreementare some low-quality collision repair parts being
with your insurance company on what your car ismade, which would detract from the value of
worth before the policy is started. If you have ayour car if installed. Make sure your insurance
total loss, your insurance company will reimbursepolicy covers the added cost of using original
you the Agreed Value, instead of what they thinkequipment replacement parts.
your vintage car is worth. Verify that the vintageWhen getting a quote for a vintage car insurance
car insurance policy in question is an Agreed Valuepolicy, verify that it is an Agreed Value type of
policy.policy and that it is underwritten by a financially
Secondly, you want to check on the A.M Beststable company. Make sure that the policy covers
rating of an insurance company's underwriter. Youthe cost of repairs at the shop of your own
want to make sure the underwriter is solidchoice and the higher cost of original equipment
financially, so only use an insurance companyrepair parts.