If you have a passion for collectible vehicles, you undoubtedly have invested a significant amount of time and money in their restoration, maintenance, and use. Should damage or loss occur, you want your insurance agent to be as passionate about your coverage as you are about your collectible(s).
Talk with us about the typical types of coverage your policy may or may not contain. In addition to a standard automobile insurance policy you may also wish to consider the following additional types of coverage:
- Inflation Guard Coverage increases a collectible’s insured/agreed value by two (2) percent every quarter, up to a maximum of eight (8) percent per year at no additional cost.
- Loss Settlement Coverage (Agreed or Stated Cash Value) pays the value of your collectible that you select at the start of your policy, regardless of the current market value, if the collectible is lost, damaged, or considered to be a total loss. Actual Cash Value pays the book value of the collectible minus physical depreciation and condition if the collectible is lost, damaged, or considered to be a total loss.
- Spare Parts Coverage pays up to $500, with additional coverage available, to help you replace parts and accessories for your collectible if they are destroyed or lost.
- Towing and Labor Cost Coverage pays for comprehensive towing and labor expense if your vehicle breaks down while you are on the road. Policies are available to predetermine where you collectible will be repaired.
- Trip Interruption Coverage pays for non-refundable auto show expenses and hotel fees due to an accident or mechanical breakdown. Auto show coverage is also available.
- Various Mileage Plan Coverage allows you to customize a policy which may reduce your premium by choosing a 1,000, 3,000, 6,000 or 7,500 mile plan. Unused miles may rollover to the next policy term. No mileage restriction plans also available.