Classic Car

Vintage car insurance is a special type of insurance applicable for cars which are old and have been classified as vintage cars or classic cars. You are driving down the road in you spunky new car and then you lay your eyes on a vintage beauty coming from opposite direction. And you become stuck by the sheer beauty and elegance of the car. You won't see the car being driven by a driver. Most probably, it would be driven by the proud owner.
These exotic cars have great historical value. These much older cars can be put into 3 categories based on the year of production:
The cars manufactured before 1903 are called Veteran cars
The cars built between 1903 and 1933 are called Vintage Cars
The cars built between 1933 and 1973 are called classic cars.
Actually all cars which are older than 35 years , can be termed as classic cars. While driving a vintage car has its own satisfaction and pride, it is important to keep it insured against all types of mis-happenings The definition of a vintage car may be different for you than an insurance company. Therefore it is very important that you come to an agreement with your insurance company about the agreed value of the car. The agreed car value is the value which you should receive in case of total loss or if the car is stolen and could not be recovered. Ken May Insurance Services will take into account various considerations before valuing the car and setting up the coverage amount and premium or your vintage car. A few such considerations are given below:
The age and make of the car
The way the car is kept and maintained. Since these are vintage cars, they are expected to be kept nicely in a garage instead of pavement or road.
The driving history of owner
The cost of repair and spare parts
Type of insurance being applied by the owner
Usually, the mileage of these cars is very low since these cars are not expected to be the primary mode of transportation. These cars are taken out only for an occasional spin or show off in exhibitions or clubs. Usually, the mileage of these cars would be limited by insurance companies between 1000 to 5000 miles per year.
Since insurance is a very important consideration regarding a vintage car or a collector's car, you should make every attempt to get a comprehensive insurance policy. Also make sure that you understand all the terms and conditions of the policy. In case there is a claim, you should not get any rude shocks. Ken May Insurance Services can provide Insurance policies for your vintage car insurance online. Please visit our website http://www.kenmayinsurance.com/products/classic-car/

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Autos & Vehicles

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