Winter is on the way, even though you may not realize it yet. In a few months, changing weather may make it seem like a bad idea to drive your classic car.
Most drivers only use their classic cars during the best of seasons. This is because classic cars often require extensive preservation and maintenance. Inclement seasonal weather might negatively affect classic cars. If you decide to put away the classic car for the winter, you can take steps to protect the vehicle and maintain your classic car insurance.
Insurance Options for Classic Cars
Classic car insurance functions much in the same manner as standard car coverage. It often comes with comprehensive, collision and liability coverage. This coverage accounts for the special uses, value and liabilities of classic cars.
However, when you choose to put the car away for several months, you won’t drive it like you usually do. Storing the vehicle removes a lot of the on-road risks drivers face. You may actually pay for insurance you don’t realistically need because you aren’t driving the car.
But wait, don’t cancel your classic car insurance yet. No one should let their car go without insurance, even when storing it. That might signal extra risks in the eyes of your insurance company.
Instead of cancelling coverage, consider reducing your current coverage for the storage period. You might be able to reduce your collision and liability coverage limits. You won't, after all, be driving the vehicle for an extended period.
You could likewise maintain or increase your current levels of comprehensive coverage. The comprehensive coverage can better address risks vehicles face besides collisions. Comprehensive risks may include fires, theft and vandalism. Such risks can still occur during coverage.
Adjusting your coverage may reduce your policy costs since you won’t be driving the vehicle. But, it can still maintain protection where it counts.
Seasonal Insurance Coverage for Classic Cars
Besides adjusting your coverage, your insurance agent may recommend that you invest in seasonal or storage coverage. This coverage might help better address the storage protection of classic cars.
Classic car owners may have to stop driving the vehicle during the seasonal period. This is because you may not have the liability or collision coverage you need to safely operate.
Before storing your car, see if your insurance policies recommend certain storage mechanisms. For example, to get coverage some owners may have to put the car in a safe, clean and secure environment. Furthermore, take the time to service, protect and preserve the vehicle during storage.
Need Houston classic car insurance? We can help. Call AMCO REMCO Insurance at (800) 282-2000 for a fast, free policy quote.