A classic car is more than a vehicle — it’s a collection of memories and heritage. Since it’s a considerable investment, you wouldn’t want anything to happen to your antique, vintage, or whichever classic vehicle you have. One sure way of protecting it from the unthinkable is by investing in classic car insurance.
Is standard car insurance the same as classic car insurance? Well, this is one of the many frequently asked questions about classic car insurance we receive at Leo Insurance Group. To that end, we’ve prepared some frequently asked questions about classic car insurance that can help you get the right insurance for your toy.
What is classic car insurance?
Classic car insurance is dedicated insurance for vehicles that are generally over 25 years. However, modern classics can also fall under this category. The other requirements for your car to qualify for classic car insurance include:
- Store the car in a secure place
- Annual restriction mileage — your classic shouldn’t be an everyday car
- Do not drive the car on a racetrack
- Driver must be over twenty-five years
Is classic car insurance the same as standard car insurance?
No, classic car insurance differs from standard car insurance in many features. The most important one is that it allows for an agreed value coverage. The agreed value policy allows you and your insurer to decide on the value of your classic car, which will be the payout value should your car be totaled.
What does classic car insurance cover?
Most of the classic car coverages are similar to those of standard car insurance. They include:
- Liability coverage
- Comprehensive coverage
- Collision coverage
- Underinsured/uninsured motorist coverage
- Medical payments
- Special parts coverage
- No attendance coverage
Classic car insurance in Las Vegas, NV
Still have unanswered questions about classic car insurance? Don’t hesitate to get in touch with Leo Insurance Group. And if you need coverage, you can count on us for an affordable and comprehensive classic car insurance policy.