When providing classic car insurance, a number of companies will only offer third party or third party fire and theft cover instead of full comprehensive cover
(PRWEB UK) 4 August 2012
Classic car insurance can often be more affordable than regular cover, due to the high levels of maintenance carried out by owners, however, it can sometimes be less thorough. As part of their dedication to making sure users of their comparison site are obtaining the most comprehensive policies for their budgets, the insurance specialists at Classic Car Insurance have offered this guidance:
“Because those who own classic or vintage motors have a tendency to drive them less frequently, many firms offer slightly less comprehensive policies as standard. As many drivers aren’t aware of the differences, we’ve shared a few tips on how to ensure your deal covers all your requirements.”
- When providing classic car insurance, a number of companies will only offer third party or third party fire and theft cover instead of full comprehensive cover. If you are keen to take out a wider policy, (perhaps your vehicle has a high value or you use it fairly regularly), it would be recommendable to look around for other firms who do offer this option.
- One really useful tip for anyone keen to find the most cost-effective arrangement for their cover, is to agree the value of your classic car with your insurer before you take out the policy. Many insurers only offer market value in the event of a write off, and particularly in the case of classic cars, this may not reflect the actual worth. Keep a record of the agreement and also think seriously about updating this figure each year, as the value of classic cars tends to increase with time. Whilst your premiums may go up slightly, it will be more financially beneficial in the unfortunate event of an accident or vandalism.
- When comparing each company, take the time to check the details of the policy for replacement parts. If your vehicle is of particular worth, there’s a good chance you might want your replacement parts to be authentic, so it’s worth looking around.
- Check if you are covered for special occasions. If like many you enjoy using your vehicle for special occasions such as weddings or other social gatherings, it is important to check that that your insurance has no limitations in this area. Most companies are fairly thorough when it comes to this, but it is always important to check.
- Find out what happens if you breach the mileage. Most insurers of classic cars have a maximum mileage cap, and while some may be fairly flexible in this area, exceeding this limit could in fact lead to your policy being void, leaving you with great financial burden, and rendering your spend so far a waste.
Classic Car Insurance was established with an aim to allow customers to browse classic and vintage car insurance prices quickly and efficiently. The trusted and approved agency offers instant quotes, directly to the customer, from hundreds of companies across the country.