Restoration improves your vehicle’s condition and enhances its value by adding compatible parts and paint. It’s a common practice for classic cars, but you may wonder if any insurance policy will offer coverage during restoration. Auto insurance will not, but classic car insurance might.
Will Classic Car Insurance Cover Vehicle Restoration in California, Oregon, Arizona, and Nevada?
Yes, with limitations. Classic car insurance often includes a restoration add-on, usually referred to as "vehicle under construction." It’s temporary coverage that lasts for the duration of the restoration process. It also covers the vehicle from natural disasters, fire, theft, and vandalism while in storage and during restoration. Depending on the carrier, the add-on could cover parts and tools up to a certain amount or have a separate rider for parts. Once the restoration is complete, an agent at Avail Insurance Solutions LLC will remove the add-on from your policy.
When you opt in to this coverage, we need evidence that you are actively working on the car. Photos, videos, receipts, documents, and detailed information are acceptable. We will increase the coverage limits for your vehicle during this time, but the percentage and automatic increases depend on the classic car insurance carrier.
What the Restoration Add-on Doesn’t Cover
Whether you fix your classic car yourself or hire a professional, the add-on doesn’t cover labor. Some carriers’ policies don’t cover the cost of parts, materials, or tools, or unsuccessful restorations. For example, if a faulty restoration causes damage to the vehicle, the add-on won’t cover the repair costs. And if a poor restoration leads to the car losing value, the add-on is not responsible.
An agent at Avail Insurance Solutions LLC will tell you more about coverage and limitations when you add a restoration rider. We’ll examine eligibility and options if you don’t qualify. Contact our office for more information. We’re currently serving California, Oregon, Arizona, and Nevada.