Are you a classic car enthusiast living in Vermont, New Hampshire, or Maine? If so, ensure your hobby is well protected with a classic car insurance policy from Gateway Property & Casualty.
Classic car insurance protects your collectible with liability, comprehensive, collision, and other specialized coverage. As antique cars usually increase or maintain their value, the insurance will cover up to a specific value. Regular car insurance will not provide as much coverage.
A car is considered a classic when it is at least ten years old and has historical interest. However, classic car insurers have their own rules for allowing vehicles into their program.
Classic car insurance covers vintage motorcycles, milk trucks, sports vehicles, military vehicles, exotic cars, kit cars, street rods, tractors, and all antique vehicles. This insurance works similarly to a standard policy with the benefit of having coverage for the vehicle’s agreed-upon value and specifications, such as storage, usage, and more.
You will have property damage and bodily injury coverage when you take your classic car to auto shows, collector vehicle functions, tours, and occasional pleasure driving. If your vehicle gets damaged in a covered incident, the insurer will pay for losses or repairs up to the policy’s limits.
To qualify for classic car insurance, you have to meet the insurer’s requirements, which could factor in the age of the vehicle. Other considerations are the usage of the vehicle, how it is stored, driver eligibility, and all drivers in the household who need another vehicle for daily use, which must be insured.
If you live in the northeastern part of the United States and have a classic car, protect it with an insurance policy from Gateway Property & Casualty. We will provide you with a no-obligation quote or answer any questions. Contact our team today. You will be glad you did.
