Classic cars are a pleasure to own, but they come with unique challenges, such as difficulty finding parts. It’s not uncommon for an insurance company to declare a classic car a total loss and send it to auction, resulting in the loss of ownership. At Advantage Service Insurance in Erie, CO, we understand this concern. We can assist you in securing an insurance policy that covers your classic car’s repairs and helps you maintain its ownership.
Classic Car Insurance Basics
This type of insurance policy is known as an agreed-upon or stated-value policy. When the policy is initiated, the insurance company agrees to insure the car for a value negotiated.
What to Expect When Filing an Accident Claim
The claims process for an accident involving a classic car is similar to that of a modern vehicle. You’ll need to contact your agent or the insurance company to start the claims process, which will cover the car’s repairs unless it’s declared a total loss.
Repairing Your Classic Vehicle
The repair process largely depends on the insurance company that covers your vehicle. Some insurers pay out the amount of the repairs stated in the policy. For instance, Hagerty, a classic car insurance company, works with you to restore the car to its original condition. This includes sourcing parts in some cases and repairing the sheet metal when possible.
Contact Us Today for More Information on Classic Car Insurance
At Advantage Service Insurance in Erie, CO, we understand your passion for enjoying your classic car without worrying about the risk of loss. Contact us today to learn more about how this type of coverage can help you repair your classic car and keep it on the road for longer.
