| Many Americans have taken interest in restoring | | | | insuring the same vehicle on a personal auto policy |
| classic vehicles but when it comes to insuring them | | | | but there are qualification restrictions that need to be |
| many of these classic car owners are unaware of | | | | meat in order to qualify for the policy. |
| the options for coverage. Many standard auto | | | | Most of the companies that offer this type of |
| insurance policies are not designed to protect antique | | | | coverage require that these classic vehicles are only |
| and classic vehicle to their true value. Quality, | | | | used for recreational use such as car shows, pleasure |
| upgrades, and cost of restoration are not always | | | | driving, and club events. They go as far as to verify |
| considered into the true value of these vehicles. | | | | that the insured and all household residents have |
| Insurance companies have developed programs that | | | | other vehicles insured to use for daily use. |
| specifically cater to the needs of the true classic car | | | | Another common requirement is that all of the |
| enthusiast. These policies are offering a significantly | | | | household residents have a good driving history with |
| higher amount of coverage and are mainly sold at an | | | | minimal tickets or accidents. |
| agreed value basis. This gives far superior protection | | | | Although not all classic car owners will qualify for the |
| to the policy holder, ensuring that they are protected | | | | insurance policies, there is a sufficient amount of |
| to the actual value of the vehicle itself. | | | | driver that do qualify to support these programs |
| With many of the classic car insurance programs the | | | | being offered by many insurance companies across |
| annual premium can be up to 75 percent lower than | | | | the United States. |