Classic cars are passion projects. They’re also investments that need to be protected. Maximize your car’s value and still get the coverage you need in Milford, CT, by making smart insurance choices.
Assessing Your Classic Car’s Value
Classic cars can qualify for specialty coverage options like restoration or spare parts. Depending on the policy, they’re also assessed differently regarding agreed value compared to stated value.
With that in mind, you want to make sure you:
- Get a professional appraisal
- Follow market trends
- Document the condition and original parts
- Take note of historical significance
Periodic Policy Reviews
It is also important to look over your policy regularly. It helps you keep track of the appreciation of car value over time. You can also make sure you note any modifications or upgrades that happen.
Insurance companies like White Oak Insurance LLC can help you review your policy. Call your insurance company to schedule reviews, and always make sure you look at the following:
- Coverage limits
- Terms
- Premiums
- Added modifications
- Extra coverage options
Additional Coverage Options
Classic cars typically have other coverage options that aren’t available with standard insurance. For example, some options include:
- Spare parts coverage
- Trip interruption
- Event coverage
- Car show coverage
- Storage coverage
Reducing Insurance Costs
You’ll also want to consider these options to help you reduce your costs:
- Multi-vehicle discounts
- Classic car club memberships
- Usage-based discounts
- Secure storage discounts
- Winter storage policies
If you want to discuss options available in the Milford, CT, area, call White Oak Insurance LLC. We’re happy to help you get the best coverage for the best price.
