If you are looking to expand upon your number of automobiles, and maybe even start taking steps towards a collection like Jay Leno, insurance may be the farthest thing from your mind. However, finding that rare 1957 Chevrolet Bel Air or an early 1960s GTO may be extremely difficult, and if you experience a total loss without insurance, finding another - and also the money to pay for it - may also prove difficult. An experienced vintage automobile insurer like FACE Insurance can help guide you through the process of making sure that your well-rounded collection is covered by proper vintage automobile insurance.
Depending on whether you are into domestic or foreign cars, the source of your collection may vary. Domestic classic car collection can be easier to put together, as there is quite a large following in the United States concerning classic cars. If you are into Chevrolets, there are clubs spread across the nation that focus on vehicles from specific decades or even models/build-outs. If you’re going for a particularly older vehicle, the southern United States without rust is a fine place to begin.
The Chevrolet Bel Air mentioned above from 1957, for example, is one of the most iconic vehicles in American automobile history. A mint condition showroom-grade Bel-Air might be worth a few hundred thousand dollars. A single scratch, broken original part, or even simply a lost door lock can turn a mint condition, showroom-grade vehicle into one with almost all original parts and drastically reduce its value. This is where vintage automobile insurance comes into play.
One of the driving purposes behind assembling a well-rounded auto collection is to collect those examples of the automobile that you think is a classic, something worthy of recognition and possession. As explored by the Department of Public Safety in Texas, many states also a mirror, antique and classic cars have special exemptions, namely when it comes to inspections. Antique and classic cars are often exempt from annual vehicle inspections, or at least antique vehicles, simply because they may not have the same modern features that are now required within the context of inspections.
Knowing whether your antique and classic cars must be inspected will depend upon the rules and regulations of your state. The insurance requirements also can be unique depending upon your state’s rules concerning what differentiates classic from antique cars. Knowing what each classification your cars fit under will determine how you register them and how you insure them. Reaching out to a local insurance company to discuss how to best protect your investment into the classic and antique car collection of your dreams will ensure that it is effectively protected and supported by insurance.
Reach out to Face Insurance to schedule a consultation to discuss how vintage automobile insurance can help you rest assured that the value of your well-rounded auto collection is protected.
