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How does classic car insurance work and protect me?

Date Added: November 18, 2011 07:46:00 AM
Category: Insurance directory

How does classic car insurance work and protect me?

Get the ultimate guide to cheaper classic car insurance. Learn about cheaper classic car insurance in 3 minutes flat. Ultimate cheaper classic car insurance tips to save money online.  How can I get cheaper classic car insurance?

Classic car insurance is necessary for those rare vintage cars that may be the second user car parked in the garage and taken out only on special occasions or weekends. Even used for weddings and parties.

Insurance brokers will have a guide on how to determine the value of premiums based upon the type of car you have. The guidance to the value and its age is given to the insurance broker by the insurance companies to minimise the risk to the underwriters and keep premiums at a reasonable level to cover appropriate losses.

The insurance premium of your classic car will depend on a number of factors:

•    Its type
•    Its value
•    The age of your car
•    What mileage you carry out

Tip: agree the final value of your car with your broker if the car is entirely damaged. It is worthwhile have optionally gap insurance, covering the difference between market value and write off value.

Tip: every year revalue your car and obtain a revised agreed market value.

Adjust the excess to see if the premiums result in any additional savings.

Read the classic car insurance term and conditions carefully and store the documents in an easy to find place.
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