Vintage Car Insurance For Enthusiasts - Business

<p>Baby boomers today talk about cars of yesteryear that were made with style and flare. They baulk at the designs of today that are more centered on safety and functionality rather than the way the car makes the driver feel. There are thousands of people that own vintage and collectible vehicles in excellent or mint condition. This has become a way of life for many collectors and enthusiasts and it has given life to the vintage car insurance market.</p>

<p>Vintage car insurance is much different from regular car insurance because the vehicles covered are usually very rare and unique. Some have completely original parts and design whereas others are classics made modern. The type of car is also important to vintage insurers. Some cars may be in very good condition however, they may not be considered collectable. For instance, there was an uptick in car production in the mid 70s and through the 80s, where many cars made did not end up becoming collectible. Characteristics that are common on many collectable cars that are 20 years old or older include convertibles, two-door sports cars, foreign sports cars big-block V8 engines and unique body styles. </p>

<p>To qualify for collectors coverage status, owners must have specific uses for their vehicles. An insurance company may not provide collector or vintage vehicle coverage for vehicles that are driven every day to a persons job. Criteria may include only driving the car for leisure, taking the car to exhibitions or shows or having it on display. Other criteria that a company may look for are proper storage facilities such as a climate-controlled space. Companies also look for consumers that already have regular use vehicles to insure in order to qualify for special vintage car programs. </p>

<p>In general, requirements for driving history are the same with vintage car insurance as it is with drivers insuring more common vehicles. Minor traffic or moving violations will not bar a person from insuring a vintage vehicle however; alcohol related offenses, serious driving infractions such as reckless driving or multiple claims will knock individuals out of the running. Insuring classic, vintage or custom made vehicles can be a very expensive type of coverage for insurance companies so only drivers that are very desirable is important. This is because cars such as these may require highly specialized labor and parts to repair in the event of damage, which can quantify repair costs 10 fold compared with average vehicles. </p>

<p>It is relatively easy to obtain vintage car insurance however, criteria for drivers and vehicles are a bit more stringent. Drivers must have a better than average driving record with other criteria fulfilled. This helps insurers determine that the vintage vehicle is in fact a possession and not a vehicle utilized for everyday or all-purpose use. Vintage cars are rare and so are parts and labor to fix them. Other factors like the ability to appropriately store a vintage vehicle and proper documentation of its value are important in obtaining coverage.
</p>

<br><br><br><br><a href="http://iautoblog.com">iAutoblog</a> the premier <a href="http://iautoblog.com">autoblogger</a> software

Posted in: