Greensboro Car Insurance for the Classic Car

All vehicles are required to have auto insurance, but buying auto insurance can be confusing, depending on what kind of vehicle to want to insure. If you own a classic car, for example, there is a lot more to consider when choosing an agent and an insurance policy. Classic cars aren’t typically used as a main form of transportation, so it can be tricky to figure out what kind of policy you need.

It is important that your agent has experience insuring classic cars. If your car is not covered properly, it can cause serious problems in the event that have to file a claim. For this reason, there are considerations to be made when choosing an insurance policy.

Assume that your classic car needs a repair. Do you want to be able to use your own mechanic? Do you want to insure it for what you believe is its current worth? Do you want coverage during restoration? And do you want your premium to decrease, depending on how many miles you have driven?

These are important questions to answer when choosing a policy for your classic car, and they can make insuring a classic car different from a standard vehicle.

Another important point to keep in mind when choosing a policy is what will happen if your car is declared a total loss. If you and your agent decide on Actual Cash Value, then you will receive the depreciated value of your car. This is the standard by which most cars are covered.

With an agent’s help, you can also decide on Stated Value. Stated Value means that you state the value of your car, and the insurance company pays up to the stated value. This policy may not cover the full worth of your classic car.

The last option is Agreed Value. This is the only policy in which you will receive the full value of your car in the event of a total loss.

Choosing the best policy for your classic car can be tricky, but Latorre Insurance Group is here to help. They work with a number of highly reputable insurance carriers, giving you the opportunity to compare price quotes and policies. Latorre will help you through every step of the process ensure that you are completely satisfied with your Greensboro car insurance policy.