Email an Agent
Click to Call
If you own a classic car, consider purchasing a classic car insurance policy. These cars are a worthy investment if you want to diversify your car collection by adding something. An insurance policy protects you and your masterpiece just in case something terrible happens. IAL Insurance, serving the people of Indiana, Florida, Ohio, Michigan, Illinois, and Tennessee, wants you to understand how this policy works. Read on to find out.
This type of policy works almost the same as your regular auto insurance policy. The significant difference is that classic car insurance offers agreed-value coverage. That means when you’re purchasing a policy, you get the car appraised to find the value of the vehicle. This is what the insurer will pay if anything happens to it. But beyond that, you still get different coverage options, like comprehensive and collision coverage, and you can choose what suits your needs.
A vehicle needs to be at least 20 to 25 years old to be considered an antique. It also needs to maintain its original designs and specifications. That means if the car undergoes any restoration, it should be consistent with the original build.
For your classic car to be insured, it needs to meet the following rules:
Insuring your classic car will protect you from financial loss if your vehicle is stolen or gets into an accident. Since this type of insurance comes with a few rules, let the team at IAL Insurance help you figure out how it works. Our agents in Indianapolis, IN will be happy to answer your questions.
IAL Insurance recently received the prestigious "ERIE Founders Award," which is the highest honor for good profitable business. This award also is a measure of agency performance by producing high-quality auto and property policies, as well as maintaining a high standard of customer service.
At IAL Insurance we let you easily compare insurance quotes online. See how fast and easy it is to compare your rates today by visiting our "Compare Quotes" page.