Several factors can affect your ability to buy classic car insurance:. But with a standard policy, the insured value of the car may fall short of the real value.
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These factors also qualify the car for modern classic car insurance. Obsolescence - The car is no longer manufactured and parts have started to become rarer. Veteran - a car made before the end of World War I or strictly before according to the Oxford Dictionary. Vintage - a car made between and according to the Oxford Dictionary. Some clubs such as the Vintage Sports-Car Club consider post-vintage up to Classic - this really is down to a matter of opinion which is typically influenced by the factors we have discussed above.
Are you unsure about the status of your vehicle? Need classic car insurance? Get a Quote Would you prefer to call us? Contact Details info abbeyfieldsinsurance. Here are some of the common insurance specifications to understand when choosing classic car insurance. The categories of classic car and collector car are often lumped together.
While insurance carriers might have different classic car definitions, figure that a classic car would be at least 10 years old, while an antique car would be a minimum of 25 years old. Collector cars might also be modern, including those with modifications and even replicas of antique cars.
A vintage tractor or military vehicle can even be classified as a classic car and qualify for this type of insurance. Click here for more information on when a car is considered a classic. A classic car insurance carrier may require that an insured classic car meet certain conditions to qualify for specific coverage. For example, the car might need to be stored in a locked garage rather than left in the driveway.
It would need to be driven as a hobby vehicle rather than a daily use car, meaning you should drive it primarily in parades or club activities and bringing it to car shows, though occasional pleasure drives are sometimes allowed. The insurance carrier may require proof that you have another car to use as your primary auto. In order to be considered a classic car, the insurance carrier may require that the vehicle is in good condition and close to the original factory specifications.
Sometimes a classic car insurance carrier asks for an appraisal or market value along with a photo. A classic car should hold its value, which is one reason that this type of specialized classic car insurance exists. That value stays the same unless the car rises in value and the policy reflects that.
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