Since you have purchased a classic or antique vehicle, you’ll also want to properly insure your investment. With adequate coverage, you can rest assured that your one-of-a-kind beauty from back in the day will be protected.
When insuring a classic car, you must consider how you will be using the vehicle:
- Will you only drive the vehicle to car shows or in a few parades? If so, your policy should be limited to those circumstances.
- Are you going to use your antique vehicle to go to the grocery store, hit the beach or visit a relative? Then your policy should reflect this kind of use.
- How many miles do you intend to drive each year?
General Coverage Inclusions
A typical classic car insurance policy includes the following:
- Agreed value coverage—pays for the car’s full-insured value with no depreciation in the event of a total loss, less your deductible.
- Inflation guard—to compensate for inflation and appreciation, the policy increases the vehicle’s value quarterly.
- Spare parts coverage
- Flexible usage—limits on mileage ranging from 2,500 to 5,000 miles annually. Not limited to parades.
Policies can either stand alone or be coupled with the policy for your daily-use autos. BHC Insurance can help you determine what is right for your needs.
Additional Coverage Options
- Emergency towing in case of breakdown
- Roadside assistance for items such as a flat tire, dead battery or running out of gas
- Emergency lockout
- Lost key return
- Emergency travel expenses in case your classic vehicle breaks down while away from home
- Car show expenses—policy will pay for expenses associated with missing a car show due to a breakdown
- Theft reward
- Personal effects—policy will reimburse you for items that are vandalized or stolen when reported to police
Celebrate the past while protecting your vehicle for the future. Contact BHC Insurance today at 479-452-4000 to learn more about our solutions for your automobile insurance needs.
