If you are a classic car enthusiast, you want to be able to protect the investment you have made in your vehicles. It is important to know that a classic car needs special auto insurance. At EasTex Insurance, serving Tyler, TX, and the surrounding areas, we can help you better understand the insurance products available. Keep reading to learn more.
Is Regular Auto Insurance Good Enough?
You can carry a standard auto insurance policy on your classic car, but you should understand that this type of policy will not provide the appropriate coverage. A classic car is not valued the same way a regular vehicle is. When you purchase a typical auto policy, the vehicle will be valued based on narrow criteria. This means that the amount of coverage offered by the policy will not include the vehicle’s true value.
How Does Classic Car Insurance Work?
Your vehicle will be valued individually when you get a classic car policy. This means that a standard value formula will not be used. Your car will be valued based on the specific investment that has been made into the car. The insurance agent will also consider how much the car is worth to collectors.
How Much Coverage Do I Need?
To properly understand how much coverage you will need, you will want to sit down with an insurance agent trained in classic car valuations. This professional will be able to evaluate your particular car and give you a solid value for coverage.
If you would like to learn more about classic car insurance or any of our other services, don’t hesitate to contact us at EasTex Insurance, serving Tyler, TX, and the surrounding areas.