A Classic Mistake

| 242 Words | 2 Min Read | D. Hiester |

Whether you are in the middle of your first restoration, or have taken care of a classic car for decades, protecting that car is important. Do not under-insure your collector car with a Personal Auto Policy, also called a PAP, but instead with a Collector’s Car Policy.

Why?

· Agreed Value– On a Collector Car Policy, there is typically an “Agreed upon Value.” This means, unlike normal cars, there is no depreciation applied over the years.

· Special Parts– There are fewer and fewer restoration shops that are capable of working on collector cars with the parts you want, and a PAP may not cover the more expensive repairs from an experienced Collector Car Repairman.

· Claims Handling– As said by Jim Kruse, a classic car professional, “You don’t want the same person that’s managing a claim for a 2012 Ford Taurus managing a claim for your 1935 LaSalle Convertible. You want a claims advisor who knows classic cars handling your claim!”

· Restoration– Even in the middle of restoring your Collector Car, you are still able to insure that vehicle with a Collector Car Policy. That allows you to protect even an incomplete car for what it is worth.

What makes Collector Cars valuable are the stories, memories, and joy that they bring to life. Give us a call at (970)-352-9500 and let us quote your classic or collector car!