If you own a classic car, it is recommended that you purchase classic car insurance over traditional auto insurance. One of the questions that we at CO Insurance Specialist, serving the greater Wheat Ridge, CO area, are asked, is whether you need classic car insurance if you never drive the car. Here is what you need to know.
What is Classic Car Insurance?
Classic car insurance is insurance designed for classic cars. With traditional auto insurance, you only get paid what the Blue Book value of your car is worth if it is damaged or in an accident. This can be low for an older car. Classic car insurance pays you what the classic car is worth on the resale market, not based on Blue Book value.
What Does Classic Car Insurance Cover?
Classic car insurance covers many different scenarios, depending on the type of insurance you purchase. Classic car insurance may cover accidents, damage to the vehicle when it is parked, theft or vandalism. Carefully read through the policy you are considering buying before you purchase it to ensure it has the coverages you are looking for.
Do You Need Classic Car Insurance If the Car is Never Driven?
You should carry classic car insurance, even if the car is never driven. A great policy will cover damage to the vehicle even when it is not being driven or theft. A good policy will help to protect the investment you made in the car, regardless of whether it is being driven or not.
It is highly recommended that you purchase classic car insurance for your vehicle, even if you never drive the car. If you are in the market for classic car insurance in the greater Wheat Ridge, CO area, CO Insurance Specialist can help. Contact us today for a free quote or to learn more.