How Often Should You Review Classic Car Coverage?

First, let’s take a brief look at what Classic Car Coverage is. This coverage applies to cars with an appreciating value – meaning it rises over time. Insurers classify these vehicles in a few ways and the language can vary by company. Cars of higher value over ten years old are typically referred to as classic, while those over 25 years of age are often described as antique. In some cases, newer cars may be deemed modern or future classics.

Avail Insurance Solutions LLC is happy to discuss the details of your California or Oregon vehicle to better classify it.

When To Review Your Classic Car Coverage

If you already have classic car coverage, it’s a good idea to check in annually to make sure you are adequately protecting your car. Other times you might want to examine coverage include:

  • After completing significant improvements

  • Before taking a longer cruise

  • After purchasing expensive specialty restoration tools

  • After acquiring related valuable memorabilia

Special Coverages to Consider

  • Cherished Salvage – This lets you keep your salvaged car after it’s deemed a total loss and retain your claim payment.

  • Spare Parts & Automotive Tools – This covers special tools and parts used to restore and maintain your classic ride.

  • Vehicle Under Construction -This periodically increases the coverage to ensure it’s protected without having to update your provider after each improvement.

  • Disabled Vehicle – Typically includes roadside and sometimes options like trip interruption coverage. If your classic cruiser breaks down, the cost of getting home is covered, including transit, meals, and lodging.

  • Automobilia – This covers collectibles related to your classic car. It may cover memorabilia like hood ornaments, gas pumps, vintage plates, and more.

Contact Us Today

If you are ready to review the coverages for your classic vehicle in Oregon or California, give Avail Insurance Solutions LLC a call today. Our friendly, knowledgeable staff can review your coverage and ensure you have the protection you need.

How Do I Insure My Classic Car If It’s Not My Daily Driver?

If you’re like most people, your classic car is only driven on special occasions. Maybe it’s a weekend cruiser or a summer showstopper – but it’s not your daily driver. So, how do you insure it? What kind of coverage do you need? We are here to answer any questions for our California, Oregon, Arizona, and Nevada clients.

Here are the steps to take for classic car insurance:

1. The First Step is To Talk to Your Insurance Agent

Your classic car insurance policy is going to be different from your regular auto insurance policy. That’s because classic cars are usually only driven on special occasions, which means they have a lower risk of being involved in an accident. But that doesn’t mean you don’t need coverage!

You’ll still need to insure your classic car against theft, vandalism, and other risks. Our professional agents at Avail Insurance Solutions LLC will be able to help you find the right policy for your needs.

2. Choose the Right Coverage for Your Classic Car

When it comes to classic and collector car insurance in California, there are three main types of coverage: agreed value, stated value, and actual cash value.

Agreed value is the most common and straightforward type of coverage. With agreed value, you and your insurance company agree on a value for your car before you start your policy. In the event that your car is totaled or stolen, you will receive the agreed-upon amount.

The stated value is similar to the agreed value, but there is often more flexibility in the stated value amount. Your insurance company will assign a stated value to your car based on factors like the make, model, and age of the vehicle. You can then insure your car for the stated value or for a higher amount.

Actual cash value is the least common type of coverage, but it may be the right choice for you if your car is very old or has high mileage. With actual cash value, the insurance company will determine the value of your car based on its current market value.

Give Us A Call

Classic cars are a great investment, and they can be a lot of fun to drive! When it comes to insuring them, it’s important to talk to an experienced agent who can help you find the right policy. At Avail Insurance Solutions LLC, serving the states of California, Oregon, Arizona, and Nevada, we’re here to help.

Classic Car Insurance Overview

Avail Insurance Solutions LLC provides coverage to clients throughout California. We work with multiple carriers on the West Coast. We are committed to helping our clients obtain the coverage they are looking for. We prioritize providing excellent customer service. We will help you assess your situation and find insurance that aligns with your needs.

Classic Car Insurance Overview

California is home to some of the biggest classic car shows and exhibitions in the United States. If you are a classic car owner, you have a unique asset. Classic car insurance provides a layer of protection if something happens to your prized possession. In order to maintain its classic car status, you should avoid driving it. Generally, the only time it’s acceptable to drive your classic car is to show it off at one of these car shows. Classic car insurance covers any damages to your vehicle. You are protected if someone attempts to steal or vandalize your vehicle. Liability coverage protects you in the unfortunate circumstance that you are involved in an accident and you injure someone or damage property. Consider having your classic car appraised to determine its true value.

Since you’re only driving your classic car a handful of days during the year, storage coverage is important. Storage coverage protects your vehicle against potential disasters. Maybe the storage facility is damaged due to an accidental fire. Perhaps severe weather moves into the area and causes damage. Storage coverage protects your classic car if an emergency happens. If you install any custom parts on your car, you’ll have to amend your policy to cover those items if they are damaged.

Avail Insurance Solutions LLC Will Help You Protect Your Investment

Contact us today to learn more information about classic car insurance in California.