| Many people own classic cars as a hobby and take | | | | else the payment is up to a particular amount. |
| pleasure in maintaining and looking after them. | | | | In case a classic car owner never drives the car on |
| However, there are chances that the car might get | | | | the road, the insurance offered is for the value of |
| damaged either while on road or even when housed | | | | the car. For this, the owner needs to get the car |
| in the garage. This is where a special type of | | | | appraised and submit it to the insurance company at |
| insurance called classic car insurance for the classic | | | | the time of purchasing the policy. |
| car owner. It is very important to choose the best | | | | If the car is left unattended by the car owner, even |
| classic car insurance that is available. There are many | | | | then the insurance company usually pays the claim. |
| questions that a classic car owner has in mind while | | | | However, the claim will depend on the owner fulfilling |
| purchasing a classic car insurance policy. Classic car | | | | all other garaging and driving requirements. |
| insurance Frequently Asked Questions (FAQs) are | | | | Garaging requirements make it mandatory for the |
| about, when a classic car is not driven, coverage | | | | owner, to store the vehicle in a completely enclosed |
| when left unattended, garaging requirements and | | | | and locked garage when the vehicle is not in use. |
| driving restrictions. | | | | Driving requirements include decent driving history of |
| The major difference between classic car insurance | | | | at least ten years. Further, the insured car must be |
| and regular car insurance is of the value paid for the | | | | at least fifteen years old to qualify for this program. |
| in case of a total loss situation. Classic car insurance | | | | The classic car is generally more valuable than any |
| works on Agreed Value, which means compensation, | | | | other vehicle, driven on the road. Therefore, is |
| is of a pre-agreed value. The regular car insurance | | | | advisable to get appropriate insurance for it for the |
| pays the Actual Cash Value or the Standard value, | | | | owner?s peace of mind. |
| which means, either the depreciated value is paid or | | | | |