Vintage and classic car collecting has been growing in recent years as more people accumulate wealth and millennials get into the action.
If you’re in the market for a collectible vehicle, you’ll want to make sure that you get the right kind of insurance for it as the standard auto policy may not provide the coverage you require in case you need to make a claim. If you purchase a standard policy, you could be left paying significantly out of pocket.
That’s because the standard personal auto insurance policy assumes that the vehicle’s value will depreciate with each passing year.
If you have a vintage car, you’ll want to ensure you secure insurance that can offer full coverage should the vehicle be damaged. How to Insure Your Classic or Antique Vehicle