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Making Sure The Car Of Your Dreams Gets Special Care With Classic Car Insurance

Author: Charlie Ricker  //  Category: Car Insurance

Buying a classic car is a decision that generally requires such an exorbitant amount of money, it’s one you and your other half will probably have to make together. Of course it would be possible (and perhaps more cost effective) to explore the vast array of price comparison websites but a classic car is an incredibly valuable and unique purchase that should have it’s own equally unique insurance. A classic car insurance firm will work specifically with classic cars and will be able to offer you the safest and most efficient insurance for your vehicle.

With a classic car insurance firm, the staff will care as much about your car as you do and conversations will have none of the ‘read from a script’ blandness of larger companies. Also as these will be smaller, independent companies there will be none of the notorious hidden fees and bolt-ons that you find are mandatory with larger insurance firms. This smaller more dedicated staff will talk to you like an individual and will know as much about your car as you do and they will know exactly what package is best suited for your car and your budget.

Most classic car insurance firms will also enjoy solid working relationships with a panel of underwriters who will be trained specifically in classic car insurance, as such the schemes they will have access to are those which would not be available at a standard insurance agency. One-to-one service is also guaranteed thanks to the firms being independently owned and there will also be discounts available to those clients who are members or a classic car club.

Other services offered by classic car insurance companies should include full 90 day UK and EU cover, extensive multi-car polices and the option for salvage in the event of a vehicular write-off. They will also offer services such as a thorough, monetary evaluation of your car or cars, unlimited cover on special ‘track days’ with some classic car clubs, special key care that protects your car against theft, damage and loss and call centers that are all based in the UK with genuine classic car enthusiasts who will share you passion.

Although you might end up paying a little more than you would with a conventional insurance firm, classic car insurance is (in our opinion) a necessity when it comes to insuring rare vintage motors. If you’re interested in a classic car insurance quote or are looking to renew your current package then if you look online you should be able to get online for a no obligation quote.

If you want to learn more about classic car insurance be sure to visit Lamb Law specialist insurers.

Dedicated Classic Car Insurance – The Benefits Outweigh the Costs

Author: John Allen  //  Category: Car Insurance

If you have just spent an exorbitant amount of money on a classic car then you’re going to want to use an insurance company that understands the specific quirks, benefits and pitfalls that come with owning such a unique machine. Although it’s not unheard of for classic car owners to use conventional insurance companies, there are obvious benefits to using a specialized Classic Car Insurance firm, benefits which are outlined in detail below.

If you decide to insure your vintage motor with a specialized Classic Car Insurance company you will have direct access to a staff of car enthusiasts who probably know more about your car than you do. The extra service you will be offered is immediately palpable, with none of the automated phone systems or hidden charges and compulsory add-ons that typify bog-standard insurance firms. They will also offer discounts for members of classic car clubs and will offer discounts for cars with a limited mileage, because lets be honest, these are very much ‘weekend cars’ we’re talking about here, not everyday workhorses.

Most Classic Car Insurance companies will also enjoy a close relationship to a panel of underwriters who will be able to secure insurance schemes and plans available only to dedicated insurance firms. Most Classic Car Insurance companies are also independently owned which means they provide an intensely personal service that you just won’t get with more established firms.

As surmised above, if you insure your car with a Classic Car Insurance firm you will be privy to a multitude of unique benefits, of which the following are but a brief selection: –

Specialist key care schemes which will protect against damage, theft and loss. Full EU breakdown/recovery is also available, as well as a salvage option in the event of a write-off. The customers also enjoy a choice of repair worker should there be an accident. On specified ‘track days’, certain car clubs will enjoy unlimited cover, which is useful if you’re thinking about putting your foot down! In the event of an accident, call centres based in the UK will offer support, with real car enthusiasts on the other end. Limited mileage discounts are also available, with schemes that are only available to specialized companies.

It’s not hard to see why more and more vintage motor enthusiasts are looking to specialist Classic Car Insurance  agencies to insure their precious engines. By narrowing their expertise into one, exceptionally specific field, these firms have been able to sacrifice mass-market appeal for the kind of personal, specialist service that such beautiful machines truly deserve.

 

Insuring a Classic Car

Author: John Smith  //  Category: auto insurance tips

Insuring a Classic Car

There are few man-made objects as beautiful and awe-inspiring as a classic car. Whether it is a car from the early 20th century, a classic muscle car from the 60’s or a mint Italian sports car from the 80’s, all of them hold a special place in a car owner or car collector’s heart. These classic cars cost a pretty penny- especially for upkeep- and are usually meant to be rarely driven, if not just kept in a garage permanently. In the end, owning a classic car is a costly hobby, the least of which is insurance costs

For the first time buyer, classic car insurance could seem confusing because there are many different aspects to consider, depending on what type of insurance you want. There are generally seven things a new classic car owner will want to consider when getting insured:

1. Whether or not you want your own personal mechanic to service the classic car.

2. Do you want the insurance to cover what the car is actually worth?

3. Will you be taking the car to shows and car club events?

4. Do you want the insurance to cover possible damage that would occur at these events?

5. Do you want insurance coverage for restorative purposes?

6. Will you drive the car on a semi-regular basis?

7. Will you need coverage for shipping the vehicle to events, and possibly international events?

All of these factors will determine what kind of car insurance is needed for a classic car. A strange thing is more than half of classic cars are actually insured through normal means, and do not use specialty car insurance. The confusing thing is normal car insurance for classic cars tends to carry much higher premiums and are much more strict than specialty car insurance would be.

But, there are certain qualifications a car owner must meet in order to be able to use specialty car insurance on the classic car. These are the qualifications a car owner must meet:

  • Car owner must own at least one regular vehicle.
  • The car may need to be a certain age
  • The car owner may need to be a certain age
  • Some policies have a maximum yearly mileage of 2,500
  • Some cars may only be available for certain activities
  • The car may not be allowed to be driven for commercial purposes

It is possible that if any of these rules are broken the specialty car insurance can be revoked. It is important to note that usually only some of the qualifications above need to be met, it all depends on the exact type of insurance a classic car owner is looking for. When determining what type of insurance is needed, don’t be afraid to ask questions about certain, specific circumstances.

It is also very important to determine what kind of value you want for the classic car: Actual Cash Value, Stated Value or Agreed Value. Actual Cash Value is determined by looking through the price books, which usually offer a depreciated value compared to what the car is actually worth. Stated Value is what the car owner thinks is the worth of the classic car, which is usually closer to the actual value when compared to the Actual Cash Value worth. Many insurance companies offer a Stated Value clause to collectible and classic car insurance policies.