You have a car over 20 years old that sleeps in a garage. You do less than 5,000 kilometers a year. You keep it as the little piece of history that it is. But insurance is expensive. If this is your situation, we advise you to take out classic car insurance.
Classic car insurance has been specially designed for cars like yours. Basically, it is normal insurance adapted to the circumstances of your old machine. For example, in the event of a claim, as long as you have a good mediator, the insurer will value it realistically and not according to the dreaded depreciation tables.
The raison d’être of insurance for classic cars is that they circulate less. In other words, they are cheaper because they travel fewer kilometers and because, in addition, they are driven with care (certainly more carefully than modern washing machines). You are interested, right? Keep reading!
Classic car insurance: The ABC
Apart from what has been said so far, classic car insurance usually has the following peculiarities:
- The flexibility of coverage is total. In principle, only Compulsory Civil Liability coverage is mandatory. From there, the client chooses what he wants. However, in insurance for classic cars it is always advisable to include, at least, the guarantee of damage claims and legal defense and that of accidents to the driver.
- Broad coverage can and should be contracted. In this way you can protect your car at the agreed value against theft and fire and even All Risk with excess. Two really interesting options that today are marketed in classic car insurance at prices that are hard to believe.
- Lastly, classic car insurance allows early cancellation and reimbursement of the unused premium, for example in the event of the sale, cancellation or replacement of the vehicle.
In addition, you have to keep in mind that classic car insurance will respect an additional discount for being a member of an old vehicle club. It is the best way to promote an association that today is more necessary than ever.