Classic Car Insurance in New York
Why You Need Classic Car Insurance in New York
Classic car insurance in Albany, NY will be slightly different than regular car insurance. If you get into a car accident with your classic car and only have basic insurance, you will lose money since classic cars are valued differently than regular cars. While regular cars start to depreciate as soon as they are driven off the dealer lot, classic cars can appreciate, due to the work that is put into them to restore them. Classic car insurance will offer the same type of coverage as regular car insurance, which includes liability, comprehensive and collision coverage. However, in most cases, classic car insurance will be cheaper than regular car insurance because your vehicle won’t be on the road daily. You can also take advantage of specialty insurance services, such as towing services or original parts coverage.
Tips for Getting Classic Car Insurance in New York
Be sure to get your classic car insured for the agreed value and not actual cash value or stated value. Most policies will work this way, but you want to double check. When you are agreeing on the value, make sure that it represents the true market value of the car at the time the policy is written. If the market value of your car is changing during the policy period, contact your agent at DeNooyer Direct Insurance Services LLC to get an endorsement. Before you start shopping you will want to get an appraisal of your car with pictures of the interior or exterior, to make sure you are getting the right agreed value. Be sure to check if there are any restrictions or warranties for driving your classic car in the state. If you are planning on driving it more often, then you will want to look for a no mileage limit policy.
Contact DeNooyer Direct Insurance Services LLC, serving Albany, NY, to get a quote on classic car insurance.