For many, a classic car means antique car shows on the weekends and road trips when the weather is sunny. Given that a classic car is both desirable and collectible, the cost to own, maintain, and restore is often more than your daily driver. Consequently, you want to be confident that you have the right insurance policy on the vehicle. Whereas standard car insurance takes into account depreciation, age, and mileage when determining the value of your vehicle, classic car insurance is a fixed value that is agreed to by all parties.
Classic car insurance is similar to traditional auto insurance in that it offers the same coverage for collision, comprehensive, property damage, and bodily injury liability. Not only does classic car insurance cover the vehicle for an amount that’s agreed to by the owner and insurer with the option to increase it over time, but also it can help cover the cost of specialized repairs or restoration if the vehicle is damaged.
When determining if a vehicle qualifies for classic car insurance, insurers start by looking at its age. Typically, a vehicle must be at least 25-years old to qualify. Additionally, classic car owners will need to agree to stringent requirements to maintain their classic car insurance that includes mileage limitations, storage requirements, and agree that the vehicle will not be driven daily. If you plan to take the vehicle to car shows and auto club events are sure to verify with your insurance provider that this is allowed as you may need to purchase additional coverage.
Red Rock Insurance in Las Vegas, NV is your local source for classic car insurance. Give us a call or stop by our office to learn more about our insurance offerings.
Red Rock Insurance serves the Las Vegas, NV community. We strive to help our clients obtain custom policies designed to navigate their unique risks. We offer multiple types of coverage to help our clients protect their assets. We are committed to serving the local community with honesty and integrity.
Renters Insurance Guide
If you are staying in a luxury Las Vegas, NV rental property, you need coverage. While your landlord is responsible if something happens to the building, they do not cover your personal items inside the building. That’s why renters insurance is an asset. Renters insurance covers your personal items if they are damaged or if you are a victim of theft. Take inventory of your personal items once you move in. Taking inventory is beneficial because it gives you an accurate assessment of how valuable your items are, and it makes things run smoothly if your items need to be replaced or repaired. If you have luxury items at your condo, you will have to amend your policy in order to fully cover everything. Adding extra coverage is the only way to fully cover your luxury possessions if they are stolen or vandalized.
Liability coverage is important. Liability coverage protects you if an invited guest suffers an injury while visiting your property. One minor slip could cause a broken leg or a sprained knee. Liability coverage will handle the injured party’s medical treatment. Liability coverage also protects you if you accidentally damage your neighbor’s property. Perhaps you are cooking, and you accidentally start a fire that spreads to your neighbor’s unit. Liability coverage will protect you in this situation.
Red Rock Insurance Will Help You Cover Your Assets
Visit our website to learn more information about renters insurance.