Anyone needing historic car insurance should consider a few points before making a decision. These vehicles are usually collectible cars, which do not have any manufacturing company behind them. This means if you need a replacement part, it will probably be difficult to come by. This makes it difficult to place a replacement value on the vehicle if damage occurs to Historic Car Insurance.
In addition to just getting basic coverage you might need extra transportation coverage. Many people owning these historic automobiles like to show them off by participating in various car exhibits around the country. Some of the hosting companies provide travel insurance for the people participating in the events, but not all of them do.
It is often difficult for an agency to come up with a comparable value on this type of car because they do not have any current models to compare it. Usually a vehicle’s value is taken straight from the blue book listing, plus or minus fees for having additional features. Each vintage car needs to be judged on its own merits and not by the standards in place for modern vehicles.
In most instances an honest company will agree upon a value that is what you actually think would be the cost of replacing or repairing the car you own. This needs to be agreed upon by both you and the agent you are working with so there is not confusion as to how much money you would receive from a claim.
In the end it is possible to get adequate coverage for these collectible cars if the owner is willing to put in the time and effort to do a little dealing with their agent.