You may have a nice collectors car at your house but still be a little confused about car collector insurance. For instance, you may be wondering what the real difference is between regular auto insurance and classic car insurance. However, there are some specific distinctions between these types of insurance plans.
One of the primary distinctions is that with a classic car insurance policy if your car were damaged, you would be able to get close to the full value of the car. This is due to the fact that when you sign an agreement with an insurer, you agree to a guaranteed value. Insurers use car valuation guides to determine the overall value of the car.
Another distinction is that with collectors car insurance, you have the option to add unique protections to your insurance plan. An example is adding roadside assistance to your insurance coverage. This type of roadside assistance differs in that your tow truck will have a flat bed in order to reduce the overall wear and tear of your vehicle.
As you can see, there are several key distinctions between the average auto insurance plan and car collector insurance. In the end, having insurance for your collector’s car can help you avoid paying for costly repairs.