Skip to content
Ayala’s Quality Insurance
Ayala's Quality InsuranceAyala's Quality Insurance

License # OE16977

951-341-3400
info@ayalasqualityinsurance.com
  • Home
  • Services
    • Auto Insurance
    • Home & Rental
    • Commercial Insurance
    • Notary Services
    • Income Tax
  • About Us
  • Blog
  • Contact Us
FacebookTwitterLinkedinYouTube
  • Home
  • Services
    • Auto Insurance
    • Home & Rental
    • Commercial Insurance
    • Notary Services
    • Income Tax
  • About Us
  • Blog
  • Contact Us

A STANDARD AUTO POLICY MAY NOT COVER YOUR CLASSIC CAR

Aug282017

A standard auto insurance policy is pretty straightforward with what is and is not covered. Alterations, expensive sound systems, custom wheels, etc. all require extra coverage. But there is a point where your vehicle will need an policy independent of your auto insurance.  If you own a classic or vintage vehicle, you may want to consider additional coverage.

While there is no standard rule of thumb when it comes to a definition of classic cars, there are a few points to consider. If a car’s value exceeds its original selling price, then it might be considered collectible. A “classic” or “antique” vehicle is usually at least 25 to 30 years old. Many modified vehicles, particularly high performance “hot rods” should carry extra insurance, as should exotic or super-luxury models. Vintage military vehicles, classic motorcycles and antique tractors are also candidates for classic car coverage.

In order to qualify for a classic car policy, there are a few common criteria noted by the Insurance Information Institute: Limited Use—Your classic car cannot be used for everyday commuting or errands; Car Shows and Meetings—The ‘limited use’ provision of a classic car policy allows for travel to car shows and auto club meet-ups; however this coverage may be restricted by some insurers. Secure Storage—When not in use, your special vehicle must be stored in a locked, enclosed, private structure, such as a residential garage or storage unit; and Clean Driving Record—You may be disqualified from classic auto insurance if you have serious offenses on your driving record, such as reckless driving, repeat speeding violations or driving while intoxicated.

Before you obtain a classic car policy, you will need to reach an agreement on how much your vehicle is worth. This will be specified in your policy until any changes are made. You’ll want to be sure your policy allows you to use a specialized mechanic or body shop, as well as towing and the ability to obtain specific spare parts.

As with other insurance questions, you will want to speak with your insurance professional. Take a look at your current auto policy and compare it to what shape your vehicle is in now. Sometimes people make assumptions about their coverage, only to find out that they cannot claim a theft or loss. Be sure now rather than be sorry later.

Like this:

Like Loading...

Related

August 28, 2017
Share this post
Share with FacebookShare with TwitterShare with Google+Share with LinkedIn

Post navigation

PreviousPrevious post:Five Questions to Ask your Auto Insurance AgentNextNext post:WHY CARRY UNINSURED MOTORIST COVERAGE?

Related Posts

Questions to Consider When Purchasing Life Insurance (Part II)
January 19, 2018
Questions to Consider When Purchasing Life Insurance
January 19, 2018
Safe Driving Habits: Part 2
December 14, 2017
Safe Driving Habits: Part 1
December 14, 2017
Recent Posts
  • Questions to Consider When Purchasing Life Insurance (Part II)
    January 19, 2018
  • Questions to Consider When Purchasing Life Insurance
    January 19, 2018
  • Safe Driving Habits: Part 2
    December 14, 2017
  • Safe Driving Habits: Part 1
    December 14, 2017
About Us
We specialize in: Auto, Homeowners, Renters Insurance, Mobile Homes, RV’s, Motorcycles, (All your toys), Commercial Vehicles, Special Events Insurance.
Recent Posts
  • Questions to Consider When Purchasing Life Insurance (Part II)
  • Questions to Consider When Purchasing Life Insurance
  • Safe Driving Habits: Part 2
  • Safe Driving Habits: Part 1
  • California Wildfires: Advice from an Insurance Agent
Contact Us
951-341-3400
1450 University Ave Suite C Riverside, CA 92507
info@ayalasqualityinsurance.com

Find us on:

FacebookTwitterYouTubeLinkedin
Powered by: UNIKO Media "Creating marketing solutions for amazing clients."
%d