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Car
Insurance UK
Car
Insurance USA
Car
Insurance Canada |
Classic
Cars |
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Classic
Car Insurance can be found
online. If you wish to find classic
car insurance then you have come
to the right place. Simply select one
of the countries from the list above to
get an instant online quote. You can use
this facility as many times as you like
- absolutely free of charge.
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Classic
Car Insurance |
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Specialist
car insurance for classic, collector,
antique, exotic and custom cars has been
available for over 50 years. In spite
of this, more than half of the owners
of such vehicles still insure them through
a standard company, which may be charging
a more costly premium and provide less
cover. Some people estimate that using
a company specializing in classic car
insurance can save up to 75% on their
policy over a similar policy obtained
from a “standard” provider.
Contacts
Aside
from the savings that can be made, providers
will have contacts with specialist repairers,
ensuring that your vehicle will get precisely
the servicing required from the right
people, instead of being sent to a regular
high street mechanic for repairs.
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Requirements
Although
specific requirements that your vehicle
must satisfy varies between insurance
companies, the most general and common
requirements are:
• Most vehicles must be older than
a minimum age (commonly 15 years or more).
• The vehicle can not be used for
commercial transportation.
• You must own at least one other
vehicle for everyday purposes.
• The vehicle must not travel over
a certain number of miles each year.
• Special care is taken into consideration
e.g. how the vehicle is garaged.
• You must have a good driving record.
Note that it is not necessary to insure
your “everyday” vehicle with
the same company as your vehicle; you
should use a “standard” insurer
for this.
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Coverage
The
various related guidelines can be quite
complicated; the basic policies available
will be shown here, but you should seek
independent advice if considering taking
out a policy.
The three basic types of coverage are:
• Actual Cash Value (ACV)
• Stated Value (SV)
• Agreed Value (AV)
The
difference between these types of policies
is seen in the amount of money that the
insurer pays out, and how they settle
on this amount, in the event of a claim.
The latter of these (Agreed Value) is
arguably the best, as it is the only policy
where the amount payable by the insurer
in the event of a claim is predetermined
and agreed by both parties.The
difference between these types of policies
is seen in the amount of money that the
insurer pays out, and how they settle
on this amount, in the event of a claim.
The latter of these (Agreed Value) is
arguably the best, as it is the only policy
where the amount payable by the insurer
in the event of a claim is predetermined
and agreed by both parties.
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