antaque car class

Some of the antique car insurance companies require the individuals to limit their usage of the antique cars, as this will reduce the further wear and tear of the automobile parts. In addition to this, with the restrictions on the number of miles the chances of antique car involving in unexpected accidents will be much reduced. Most of the insurance companies are following this methodology to ensure that the probabilities of antique car insurance claims are not frequent.

Therefore, these terms of the insurance companies are to be noted while making the purchases. There are allowances for the ones who do not own another car and need to use the antique cars for their routine activities. In the case of regular use, choosing the insurance policies that restricts the usage of the antique car will never be suitable. The premiums are much low if the individual agrees to put the car into use only for the to and fro travel to any display shows. Wrecking the antique cars beyond the coverage offered by the insurance companies can lead to extensive frustrations and financial glitches too.

Difference between Stated Value and Agreed Value

Though not widely known, there is a major difference between what the insurance companies mention as stated value and agreed value. These are two methods followed by the insurance companies and it is always wise to play it safe by discussing this issue in detail with the concerned representatives. The wrong choice may even disrupt the antique car insurance claims made during any major damages or accidents.

Parking Restrictions of the Antique Car Insurances

In addition to the above-mentioned terms, some of the antique car insurance companies may have conditions on the parking or storage of the antique cars. This is also for the same reason of not exposing the decades-old cars to excessive weather changes or damages. Most of the insurance companies will have just the basic requirements about the storage place of the antique cars such as it must be completely shielded from external environmental effects, must have reliable security measures to minimize thefts, and so on. However, other insurance companies will have specific terms about not parking the antique cars in unattended parking lots, overnight parking at hotels, or that it must be stored in enclosed locked trailers etc. Paying attention to the details of the terms will avoid unnecessary shocks.