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Antique Car
Insurance
Antique / Collector Car Insurance
Why purchase Antique Car Coverage over your Standard
Auto Insurance?
Antique/Collector Car Insurance |
Standard Car Insurance |
|
Agreed Value |
Actual Cash Value or Stated Value |
|
Competitve Pricing |
Higher Premiums |
|
Liability rates based on annual mileage |
Limited credits based on utilization |
|
One liability charge for entire collection based on
total mileage |
Liability premiums apply to each unit |
Actual
Cash Value/Stated Value
- a total loss is adjusted to the lesser of: (1) the amount
shown on the insurance policy, (2) the actual current value
of property, or (3) the amount necessary to repair or
replace the property. Stated value coverage accounts for any
depreciation which might occur during the policy term. Newer
vehicles which cannot yet be considered classic autos based
on age are generally written on a stated value basis.
Agreed
Value
- the amount the insured and company agree to at the policy
inception date. That is, if a vehicle is written at a
$10,000 value, $10,000 will be paid in the event of a total
loss.
Request
a quote for your antique car insurance today! |
