Global Courant
Classic car insurance from a specialty insurance company has many benefits for those of us who own and drive a muscle car, vintage car or other collector or special interest vehicle. These policies offer much better coverage for less money than standard car insurance. However, there is a lot to consider when comparing classic car insurance. Each company has its own advantages and disadvantages and it is important that you find the insurance company that best suits your situation.
Hagerty Classic Car Insurance has been providing specialized collector car insurance since 1991 and is one of the largest and most well-known collector car insurance companies. They are car collectors themselves, so they understand the insurance needs of other classic car owners. Their policy offers:
– Agreed Value coverage – you will receive the full amount insured in case of total loss
– A wide range of deductibles, from $0 and up
– One-time liability levy, which saves you money on the premium if you have more than one classic car insured
– In-house claims management – most claims are handled at Hagerty by a motor insurance expert seven days a week from April to October
– Repair shop of your choice – you get to choose the shop where you want to make any repairs
– Instant new purchase coverage – a new addition to your collection is automatically covered up to $50,000
– Auto Show Medical Compensation – Customers and their dependents receive pre-determined medical coverage if they are injured at an auto show
Hagerty Classic Car Insurance also offers special policies for coverage during an active restoration, for business use clearance, coverage during overseas shipments, and foreign liability and property damage if you take your car to an event abroad. You can get additional coverage for your car tools and memorabilia, spare parts, and even coverage for motorcycle safety equipment. Hagerty also has an automobile club liability program.
The optional Hagerty Plus program offers even more benefits to its members, including roadside assistance and low-loader coverage, a subscription to the Hagerty magazine, and access to the “Ask Hagerty” concierge service. They are active advocates for legislative issues related to the collector car hobby, and a portion of membership fees go to The Collectors Foundation, which provides grants and grants to organizations working to preserve the hobby through education and other avenues.
However, Hagerty has some restrictions on who and what qualifies for their insurance. Drivers with more than one or two minor traffic violations or accidents in the past 3-6 years may not be eligible. The vehicle must be used on a limited basis, for car-related events or the occasional pleasure ride. If you drive your classic car very often or very far, you may want to consider another specialist insurance company that does not set a limit on how much you drive your car. Like most other businesses, your vehicle should be stored in a fully enclosed and locked garage when not in use. And like most other collector car insurance companies, you must have a “daily driver” insured in your name in addition to your classic car.
Insurance policies are available for most antique and classic cars, street bars, muscle cars, military vehicles, antique fire trucks, tractors, motorcycles and some replicas. However, Hagerty does not provide insurance for Cobra replicas, off-road vehicles, many Pro-Street cars, any vehicle equipped with nitrous oxide, dune buggies, utility vehicles, or motorcycles modified for performance. They do offer policies for some of the “late model classics”, exotic, special interest, or limited production vehicles, as long as they are treated as collectibles and driven in a limited manner.
Hagerty Classic Car Insurance is a great option as long as you and your vehicle meet their qualifications and you don’t drive your car long distances every year. I will soon be adding articles about other collector car insurance companies, with different qualifications and limitations. Check out my other articles and make sure you choose the classic car insurance policy that best suits your needs.
Hagerty Classic Car Insurance – An overview of
World News,Next Big Thing in Public Knowledg
#Hagerty #Classic #Car #Insurance #overview
