Our team at Prestige Insurance Group knows that many car collectors in Miami, FL, may want classic car insurance. But do their vehicles even qualify for this protection? Well, let’s take a deep look at this subject to help you understand which policy may work best for your needs.
Understanding Classic Car Insurance
Classic car insurance is a unique policy type specific to cars that fall under the classic heading. It has many of the same coverage types as normal policies but also covers things like storage, vehicle shows, and much more. It’s designed to fit into a specific budget and provide unique help.
Furthermore, it can even help with property damage and bodily injuries you may cause. In this way, it’s very similar to a normal policy. However, its coverage is often higher because classic cars are worth more money, and it has additional riders, such as complete replacement protection.
Qualifying for Coverage
If you want to get this kind of coverage, you must ensure you qualify first. For example, your car needs to be one you don’t use daily, and it must be stored in a carefully controlled area, such as a storage unit, private garage, or pole barn, to minimize any potential damage risks to it.
Furthermore, it would be best if you had no serious infractions on your driver’s license in the last few years to qualify for a policy. For example, you can’t have alcohol-related issues, drug infractions, speed violations, or other kinds of legal problems that threaten your vehicle’s safety.
We’re Here for You
Talk to one of our agents at Prestige Insurance Group to see if your car qualifies for car insurance. We help Miami, FL, car collectors adequately protect their vehicles to ensure they don’t spend too much money. It’s our goal to help you get the best results possible for your financial needs.