If you own a classic car, then you definitely need insurance on it. Classic car insurance will go a long way in helping you rest assured that this asset is fully covered in the event that it were to become damaged or stolen. As an antique lover in the 97013 area, having the right insurance can help you sleep better at night. Here’s a quick look at the many reasons you’ll benefit from classic car insurance in Canby, Oregon.
Replacement Coverage
If your classic car was to become damaged or stolen, do you have the funds to cover your loss? If not, insurance is a great way to provide you with replacement coverage. If your collectible car is totaled, replacement coverage will be provided in the amount of your car’s "agreed upon value." Best of all, most insurance policies on classic cars take into account the appreciation value of the car, meaning you are protected even if your car’s value goes up from one year to the next.
No need to pay a deductible
Many classic auto insurance policies don’t’ require you to pay a deductible that would normally be associated with a traditional auto policy.
Injury and Property Damage
If an incident were to happen with your classic car in which someone became injured, or property damage was to occur, your insurance coverage would kick in and cover the associated costs.
Coverage when the at-fault party isn’t covered
What happens if you’re involved in an accident with a party who is at fault but doesn’t have coverage? Without insurance, you’ll be out of luck. But with your own classic car insurance policy, you can have peace of mind in knowing that your insurance will cover you.
