Whether or not it’s a cool bus from the Sixties or a muscle automobile out of your glory days… you like when your vintage or traditional automobile turns heads.
If you happen to’re a automobile fanatic, the sensation — and also you typically go to nice lengths to revive and shield your traditional or vintage automobile. That’s why it’s necessary to have the fitting protection that goes the space, too.
Let’s go for a spin and get the solutions to some frequent questions we obtain about traditional and vintage automobile insurance coverage:
WHY DO I NEED CLASSIC OR ANTIQUE CAR INSURANCE?
If you happen to personal a traditional or vintage automobile, it might look like the only possibility is including it to your private auto coverage. But when you find yourself in an accident, you possibly can end up quick on protection.
Right here’s why: With regards to paying an insurance coverage declare, depreciation is a key issue. As most automobiles age, they go down in worth. However for a traditional or vintage automobile, the other is usually true.
WHAT IS AGREED VALUE COVERAGE?
At Erie Insurance coverage, our traditional and vintage automobile insurance coverage takes this into consideration and values your automobile on an “agreed worth” foundation. Meaning you and ERIE agree upon the worth of your automobile up entrance earlier than a loss occurs. All value determinations are accomplished nearly, so it’s simple to ship photographs and knowledge to ERIE to be appraised so there aren’t any surprises ought to a partial or complete loss occur.
Moreover, traditional and vintage automobile insurance coverage protection may also help you discover — and pay for — inventory unique substitute components in case your automobile is broken, preserving its worth and authenticity.
IS MY CAR A CLASSIC OR ANTIQUE?
Insurance coverage firms supply many sorts of traditional automobile insurance policies for various sorts of older automobiles. Erie Insurance coverage gives Agreed Worth protection for the next sorts of automobiles:
- Traditional autos are no less than 10 years outdated and, due to restricted manufacturing or exceptionally wonderful workmanship, have achieved uncommon or historic curiosity via being restored, maintained or preserved.
- Vintage autos are 25 years or older which have been stored in good working situation and/or licensed as an vintage with the Division of Motor Automobiles.
- Particular curiosity autos preserve or recognize in worth as they grow to be older.
WHAT IF I DON’T REGULARLY DRIVE MY CLASSIC OR ANTIQUE CAR?
As an auto fanatic, you’ve invested quite a lot of money and time in your automobile. Even should you hardly ever drive it, you’ll nonetheless need to shield it from perils like hearth, vandalism and theft. And if it’s insured, you’ll at all times have the liberty to take it for a spin or drop right into a automobile present.
That’s why it’s a good suggestion to speak with an insurance coverage skilled like an Erie Insurance coverage agent should you’re interested by traditional or vintage automobile insurance coverage. She or he will have the ability to advise you about the fitting protection on the proper value on your traditional or vintage automobile.
DO I NEED A SEPARATE POLICY?
Whereas some insurers require a separate coverage to insure vintage automobiles, traditional automobiles or particular curiosity automobiles, Erie Insurance coverage often consists of them on the identical coverage as your different automobiles. Having one coverage streamlines the paperwork and billing for you, releasing up your time so you may get again on the street.
ERIE additionally gives reductions for vintage or traditional automobiles which can be pushed at very low-mileage – for instance, 500 miles or much less per 12 months. In most states, we additionally supply a decreased utilization low cost when your automobile is laid up for 90 consecutive days or longer. So chances are you’ll discover that insuring your collector automobile with us might even value you lower than a normal auto coverage.
And since all of your automobiles are on one coverage, you’ll be able to nonetheless take benefits of extra providers like ERIE’s roadside help.
Whether or not you personal a traditional, collectible or customized constructed automobile, you’ll need to just remember to have the fitting insurance coverage protection to assist hold your funding secure. Ask a neighborhood ERIE auto insurance coverage agent for extra details about how you can add your distinctive automobiles to your auto coverage.
See particular person insurance policies for particular protection particulars. Sure phrases and limitations might apply and should differ by state. Consult with our disclaimer for added info.