Classic Car Insurance
Classic cars are different from the standard cars in the sense that they appreciate rather than depreciate. For this reason, they demand a special insurance coverage, which is referred to as classic car insurance. A classic car is one that has a unique make/model, is over 25 years old, and is still in excellent condition. Since original parts are rarely available, these cars face higher risks than the standard cars. At Tri-Lakes Insurance Group, we understand how these cars are important to you and the need to protect your investment and the many years of fun you have had with them.
As long as you have the standard car insurance in Missouri, it's not mandatory to have classic car insurance. However, a standard policy won't offer you as much as the classic car insurance can offer. Plus, it's possible to avoid the liability and collision coverage when your car is in storage since you'll use it occasionally. Some of the coverage options you can choose from are:
- Liability: Covers property damage liability and bodily injury liability claims against you from a third party in the event of an accident caused by you.
- Collision: Covers damages that are due to a collision, for instance, if your car hits or is hit by another vehicle or object.
- Comprehensive: It covers accidents that are not caused by collision such as vandalism, theft, falling objects, fire, etc.
- Uninsured/Underinsured: Since these cars are highly valued, it covers you and your passengers if an uninsured/underinsured driver is at fault in an accident that damages your classic car. It may also come in handy in a hit-and-run situation.
Classic car insurance has several coverage options that are not offered by the standard car insurance. A knowledgeable local agent at Tri-Lakes Insurance Group in Missouri can help you understand what works for you. For more information, contact us today.