Like any other automotive insurance policy, antique car insurance can be quite a confusing thing. Knowing whether or not you need it and what the ins and outs of this particular policy are will help you come to the best conclusion to get adequate coverage for you car. There are different types of policies that can help you determine if your antique car is covered, such as general liability, uninsured motorist and collision. Here is what you should know about antique auto insurance.
General liability covers your antique car as well as the third party who may be injured in an accident. This can include damages to the car itself as well as the third party. Uninsured motorist is an example of this type of policy. With this policy, you are covered for any damages to the vehicle as well as any passengers in the car. Collision coverage pays for any damages to the car that is caused in an accident.
Antique car insurance comes with additional coverage called comprehensive coverage. This coverage focuses on protecting the car against damage to the property, as well as the contents in the car. This type of policy gives you coverage for any type of damage caused by vandalism. You also will receive coverage for any damage caused to the vehicle itself.
If your antique car has any type of valuable antiques, then you may want to consider this kind of insurance policy. Most insurance companies will cover the cost of restoring these antiques, including any repairs needed to make them as new as possible. They may even cover the cost of purchasing a brand new one in order to give them to you. This may be a great way to make sure that you get exactly what you pay for when you purchase your antique.
The more unique the antique, the higher the premium you will pay for this type of antique auto insurance. Most policies will pay up to $10 million in liability coverage. If you have any antique cars that are worth more than this amount, you may want to consider adding a special clause to your policy that gives coverage to that antique. This means that you will only pay this much if your antique is stolen or damaged.
Whether you are purchasing your antique for business purposes or as a family heirloom, you will want to do as much research as possible to make sure that you choose the right antique car insurance policy. There are plenty of different options out there, so it will be easier for you to find a policy that suits your needs. and fits your budget.
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