| Some of the antique car insurance companies require | | | | mention as stated value and agreed value. These are |
| the individuals to limit their usage of the antique cars, | | | | two methods followed by the insurance companies |
| as this will reduce the further wear and tear of the | | | | and it is always wise to play it safe by discussing this |
| automobile parts. In addition to this, with the | | | | issue in detail with the concerned representatives. |
| restrictions on the number of miles the chances of | | | | The wrong choice may even disrupt the antique car |
| antique car involving in unexpected accidents will be | | | | insurance claims made during any major damages or |
| much reduced. Most of the insurance companies are | | | | accidents. |
| following this methodology to ensure that the | | | | Parking Restrictions of the Antique Car Insurances |
| probabilities of antique car insurance claims are not | | | | In addition to the above-mentioned terms, some of |
| frequent. | | | | the antique car insurance companies may have |
| Therefore, these terms of the insurance companies | | | | conditions on the parking or storage of the antique |
| are to be noted while making the purchases. There | | | | cars. This is also for the same reason of not |
| are allowances for the ones who do not own | | | | exposing the decades-old cars to excessive weather |
| another car and need to use the antique cars for | | | | changes or damages. Most of the insurance |
| their routine activities. In the case of regular use, | | | | companies will have just the basic requirements |
| choosing the insurance policies that restricts the | | | | about the storage place of the antique cars such as |
| usage of the antique car will never be suitable. The | | | | it must be completely shielded from external |
| premiums are much low if the individual agrees to put | | | | environmental effects, must have reliable security |
| the car into use only for the to and fro travel to any | | | | measures to minimize thefts, and so on. However, |
| display shows. Wrecking the antique cars beyond the | | | | other insurance companies will have specific terms |
| coverage offered by the insurance companies can | | | | about not parking the antique cars in unattended |
| lead to extensive frustrations and financial glitches | | | | parking lots, overnight parking at hotels, or that it |
| too. | | | | must be stored in enclosed locked trailers etc. Paying |
| Difference between Stated Value and Agreed Value | | | | attention to the details of the terms will avoid |
| Though not widely known, there is a major | | | | unnecessary shocks. |
| difference between what the insurance companies | | | | |