At Neff & Associates Insurance Services Inc serving Pismo Beach among the insurance products we offer is classic car insurance. If you have a classic car, there are several reasons you’ll want to get a classic car insurance policy rather than just add your car to the insurance policy of the car you drive every day.
One reason is that because unlike the vehicle you use everyday, classic car insurance offers agreed or guaranteed value. This means that if the car you prize is destroyed in a covered event, you get the current value as listed in a car valuation guide or determined by a professional appraiser. After all, classic cars increase in value rather than depreciate.
Another difference is that most classic car insurers cap the number of miles you can drive them yearly in exchange for a rate that’s lower than for your everyday vehicle. With annual mileage typically set at 5,000 miles, you’ll get the lower rate. Insurers for these cars also want you to store your car in a secure garage.
Policies of this type look out for you. Some have clauses that if your car should breakdown, only a flatbed truck will be sent to tow it. Clauses can also state that you can get original manufacturers parts rather than aftermarket parts should your vehicle need to be taken in for repair. And if you have really practiced due diligence and purchased extra spare parts, some policies will reimburse for those parts if they are damaged or stolen.
Classic car insurance is worthwhile for the vehicle you probably worked hard to find and acquire. Take a moment to contact us here at Neff & Associates Insurance Services Inc as we serve Pismo Beach, CA and will help you find the best way to protect your asset on wheels.