Classic cars or hobby cars are not only a fun, exciting way to spend your time, but they can also be a great financial investment. Classic car enthusiasts are delighted with the added value which their hard work brings to a classic vehicle. However, with this added value comes a need for added protection. At All Nevada Insurance Inc, serving Las Vegas, NV, we know that in order to make good insurance decisions, you need good information. Keep reading to find out what you need to know about classic car insurance.
Is Traditional Auto Insurance Good Enough For My Classic Car?
The answer is yes and no. Traditional insurance will cover your classic car and will enable you to legally operate your vehicle on the open road. The problem with traditional auto insurance, though, is that the system which is used to value a vehicle is not appropriate for a classic car. Traditional auto insurance values a vehicle based on its make, model, and condition. The value of a classic car is determined based on other factors.
This means that you will not be able to get a traditional auto insurance policy that will cover the true value of your vehicle.
What Does Classic Vehicle Insurance Cover?
An insurance policy for a classic vehicle will provide many of the same types of coverage as a traditional auto policy, however, your insurance representative will sit down with you to determine the value of the car. This is a crucial aspect of your insurance policy. In order to get the best protection, it is necessary to have an accurate value on the car.
If you would like to learn more about classic car insurance, please contact our office at All Nevada Insurance Inc, serving Las Vegas, NV. We will be happy to answer your questions today.