Vintage Automobile Collection Insurance


Vintage Automobile Collection Insurance

If you collect vintage automobiles, it’s likely a labor of love that not only brings you great pleasure, but that also has immense value. The amount of commitment and careful attention that goes into your collection should be met with careful forethought when it comes to your insurance coverage, which should not – under any circumstance – be an afterthought or an ad hoc policy. A vintage automobile collection requires vintage automobile collection insurance that specifically addresses your unique coverage needs.

Your Collection

When it comes to vintage automobiles, there are a lot of categories to choose from, and they all represent their own coverage challenges – and their own unique charms. Consider the following:

  1. Classic cars
  2. Vintage cars from specific eras
  3. Antique trucks
  4. Classic motorcycles
  5. Custom cars and hotrods
  6. Exotic and collector imports

If your passion is vintage and collectible cars, growing your collection goes hand in hand with having specialized storage space that is up to the task of protecting your valuable vehicles from the elements and from the threat of theft and/or vandalism.

Your Car Insurance Will Not Cut It

If you think that having jazzed-up car insurance is up to the critical task of covering your vintage automobile collection, it’s time to think again. Car insurance policies simply aren’t sophisticated enough to address the nuanced insurance needs your collection presents, and your car insurance provider doesn’t have the background or the expertise to ensure that your collection is as fully covered as it needs to be. Only vintage automobile collection insurance is uniquely qualified to address your unique coverage needs.

Threat of Damage

The fact is that if you have a vintage car collection, half the joy of ownership is sharing your prized possessions with others at shows, expos, and conventions. A pristine vintage automobile is a thing of beauty – and nostalgia – that even non-collectors and members of the public who don’t count themselves as enthusiasts can enjoy. To get your ride to the car show or exhibit, however, you need to transport it, and this is where one of the most considerable threats of loss enters the picture. If you send your wheels via open transport, it’s subject to the effects of inclement weather and flying rocks, pebbles, and other debris. If the car in question is coming to you and is primed for restorative services, open transport can be a great option, but if it’s in pristine condition and is headed to a show, closed transport is strongly advised.

Other Kinds of Loss

Cars are susceptible to the elements’ ravages, which is why storing your collection in the right storage space is critical. The essential elements of such a space include:

  1. Climate control
  2. A state-of-the-art warning system for fire
  3. A state-of-the-art warning system for flooding
  4. A state-of-the-art security system against intrusion

Keeping your vintage automobile collection in pristine condition takes commitment, but storing it in a facility that’s up to the task can certainly help. An important form of loss that must receive special attention is theft, and collectible cars can be very inviting to thieves. Even with a top-of-the-line security system, theft remains a real possibility, and even if the vehicle(s) are returned to you, they’re very likely to have suffered some type of damage in the process of being stolen.

What You’re Looking for in an Insurance Provider

If you have a vintage car collection – regardless of its size – you have highly specific vintage automobile insurance needs that include:

  1. Your policy must be as flexible as it is focused on your specific collections.
  2. Your policy must include mileage that allows for more than the odd pleasure ride (because the joy of such a collection is the ability to hit the road in one of your beauties from time to time).
  3. Your policy must comprehensively address your entire collection – an ad hoc approach is far less effective.
  4. Your policy must be tailored to your collection and backed by an Agreed Value, which protects you from a subjective valuation in the event of loss.
  5. Your policy should be written by a savvy collector specialist who shares your passion for pristine vintage wheels.

Find a Vintage Automobile Collection Insurance Professional Who’s Right for You

If you collect vintage automobiles, you need to be as passionate about your insurance coverage as you are about your cars. At FACE – Insurance – we take great pleasure in providing vintage car enthusiasts like you with coverage that’s optimized for your collection. Our dedicated vintage automobile collection insurance professionals share your zeal for vintage vehicles, so please don’t hesitate to contact us today.

Frequently Asked Questions

Your should contact the police as soon as possible. The quicker you act, the faster the authorities will be able to collect information regarding your stolen item. Your insurance agent should also be notified right after you have made contact with the police.

The most common way art is stolen is Burglary. It’s important that your installations have proper security in order to prevent these crimes from happening. Its also very important to make sure that the staff you higher to give your building maintenance has a clean record and has no criminal history.

Its responsibility of the insurance carrier to work with the FBI to recover the art that was stolen. It’s possible that you may be asked to work with the corresponding authority.

If your valuable art items are not insured, your efforts will have to be focused on working with the authorities to recover your stolen items. The odds of recovering your stolen items is very low.

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