Common Questions About Insuring A Classic Car Answered

Owning a classic car can be a wonderful way to enjoy the design and beauty of a classic car. These cars require insurance just like other ones, but if you have only recently purchased a classic car, you may not be particularly informed about the insurance policies for these cars. If you are in this situation, you may benefit from having the following few questions answered before you have the information you need to properly protect this investment. 

What Documents Are Needed To Insure A Classic Car?

When you are completing your paperwork for the classic car insurance policy, you will likely need to provide the insurer with a variety of documents that are designed to prove the authenticity and condition of the classic car. These cars can come in a range of conditions ranging from barely drivable to pristine, and the insurance needs to know the condition to determine the amount of coverage that is needed. 

As a result, you may need to provide any documents that prove the restoration work that may have been done to the car. Fortunately, most classic car dealers will provide you with copies of these documents. 

Do Classic Car Insurance Policies Differ From Policies For Modern Cars?

It is important to note that these insurance policies will differ from the one for your modern car in a variety of important ways. For example, these policies may have strict driving limitations. While it may seem odd that an automobile insurance policy would limit this, it is important to note that a classic car is generally for show, and this is considered in these policies. The exact limitations vary from insurer to insurer, and you will need to carefully review this section of the policy to make sure you are choosing one that is right for your needs. 

Another important difference may be the types of towing and mechanics that are covered under the policies. Classic cars are often unable to be towed using conventional trucks without causing extensive damage. As a result, these policies will almost always provide for flatbed towing to help keep your car safe. 

Insuring your classic car is critical for protecting yourself from the financial consequences of accidents. If you are unsure about how these policies work, knowing the documents that may be required from your insurer to purchase a policy and how the coverages offered by these policies differ from standard auto insurance will help you to get the most from your classic car.