Owning a classic car brings a sense of pride, joy, and memories. But whether you are purchasing your first classic car or you are a seasoned classic collector, you must invest in classic car insurance to protect your investment.
But are you among those people that think classic car insurance is a waste of money? If yes, consider these reasons and invest in classic car insurance from Advantage Service Insurance in Erie, CO.
To protect the value of your car
If your standard car is totaled today, your insurer will compensate you with the actual cash value of your vehicle, which is usually the replacement cost minus the depreciation. However, when you purchase classic car insurance, you pre-agree with the insurer the value they will compensate you if your car is totaled or stolen.
To protect you against liabilities
If you are at fault for an auto accident, liability claims can be costly. You could face bodily injury and property damage claims that can be expensive. Worse yet, if you are sued, the claims are likely to put your assets at stake.
Luckily, you don’t have to worry too much about third-party liabilities if you have classic car insurance.
To bail you out in emergencies
If your collector’s car stalls miles away from home, classic car insurance provides flatbed towing and services like gas delivery, puncture repair, and battery jump-start — all these to ensure you aren’t stranded when your ride misbehaves.
If you think investing in classic car insurance is a costly affair, you’re mistaken. Since you don’t drive your car every day, the risks are minimal compared to your standard vehicle. As such, classic car insurance is significantly lower than typical car insurance, helping you protect your prized investment at a considerable cost.
Are you looking for classic car insurance in Erie, CO? Don’t look beyond Advantage Service Insurance. Our personalized coverage lets you live in the past as we protect your vehicle for the future.