For those that have invested both time and money into a classic car having the right insurance in place to protect that investment is a must. You can have the best car in the world but without the right coverage, your car can be in danger and can end up being a total loss easily. Classic car insurance policies are great for those that do have what qualifies as a classic car. This type of policy is different from a typical policy and we are going to discuss how. For those that live in the Frederick, MD area, the agents with Lebherz Insurance can help you find the perfect policy for you.
For starters, a classic policy is going to cost differently based on a few different factors. For the most part, it is on par with a typical policy to start with then the price does go up dependent on how much you insure the car for. The overall value of the car is going to push the cost of the policy up because you are going to need to insure a larger amount to help replace the car if something were to happen to it.
When you take out a classic policy, your insurance company is going to come and evaluate the car and both the owner and the insurance company will work to agree on the value of the car. In most cases, they do not insure for the cost of repairs but the overall value of the car and the cost of total replacement. If you have a car that is worth $100,000 it is obviously going to need a more expensive policy than a Toyota corolla from 1999. For those in the Frederick, MD area, the agents with Lebherz Insurance can help you find the perfect policy every time.