With so many different types of insurance to choose from, it can be difficult to make sure you are getting the right one. Antique car insurance, for example, may be a type of auto insurance you have never heard of the. The question is – who really needs this kind of policy? In order to answer this question, it can help to learn more about what this type of insurance is.
What Is Antique Car Insurance?
Antique coverage can also be called classic car insurance. It is for those who have an antique or classic car that they want to use as a secondary vehicle. There are only certain types of vehicles that will be included, as they must be over 25 years old. If you have a secondary vehicle that is older than 25, you may be able to consider getting antique car insurance.
Do You Need This Car Insurance?
You could just opt for normal car insurance. It really depends on how much you want to drive the vehicle and what you want to drive it for. If this is purely a hobby vehicle, you can get this type of coverage. You'll be limited to driving to antique shows, meets, and similar events. In some cases, you can take the vehicle on a weekly drive, but you will not be allowed to replace your vehicle for your everyday one. It is perfect for car enthusiasts that have antiques, classics, rods/replicas and specialty vehicles for pleasure.
What Are Your Limitations?
When you take out this type of auto coverage, you will be limited to the type of use. This isn't for commuting to work or school. It is purely for pleasure. You will need to get a normal car insurance policy if you want to use it for your everyday use. You also cannot use it for a business of any sort, such as a transportation in a classic car business.
You may be limited to the amount of mileage you can drive in a year. This helps to reduce the amount that you use it on a daily basis. There are also times that you will need to get the vehicle appraised. This is because if something happens to the vehicle, you will get an agreed payout based on that appraisal for the vehicle. It ensures you don't lose out considering the status of the car. This really will depend on the insurance provider you go through.
If you have a vehicle that would be considered as an antique, it could certainly be an option depending on the way that you want to use that vehicle. For more information, contact LA Insurance or a similar company.