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There is nothing more stunning than seeing a classic car rolling down the road. If you are a proud classic car owner you want to do everything you can to protect your investment. You keep it clean and well maintained, but do you have the proper insurance for your beloved classic?

Traditional auto insurance policies usually cover your car up to its actual cash value, which equals its replacement cost minus depreciation. Collector car insurance usually covers your classic vehicle for an agreed, or guaranteed, value that is mutually agreeable to you and your insurance company. Collectible cars generally increase in value, especially if they are well maintained and/or restored. Everyday automobiles generally decrease in value over time. So it is important to have the right insurance coverage for your classic car!

How do you know if your car is eligible for collector car insurance? Insurance companies require that a collectible car not be used as a primary driving vehicle. Insurance companies will also place a maximum annual mileage restriction. This restriction can vary from state to state, but generally the mileage cannot exceed 7,500 miles per year. You can only use your classic vehicle for pleasure driving or a hobby activity such as participating in a parade or attending a classic car show.

 

A.C. Marmo& Sons Inc. loves our classic cars and we know you do too! If you have any questions regarding collector car insurance, please give us a call at (973) 340-9100 or visit us online at https://www.acmarmo.com/ and we will be happy to assist you.

Source: https://www.valuepenguin.com/classic-car-insurance

 

Here are some recent raves from our customers:

“Been with Bob and crew for 22 years. Always professional and a pleasure to deal with. Recommend them HIGHLY!” -Bill B.

“Contacted Ray Viola to help me get better insurance for my home and car. He took the time to explain what everything meant and provide me with better insurance for better coverage at almost the same price.” -Catty

“Bob Marmo has provided outstanding service to our family business since we relocated in New Jersey in 1990. We take great comfort knowing Bob always has our company’s best interests in mind.”-Tim Mac

“All of the people at AC Marmo & Sons are very knowledgeable, make the very best effort to find the cheapest and best insurance to cover all of one’s needs, and go beyond and outside the box.” -Theresa Z.

In an exclusive interview with Practicomm, professional John Tahmoosh provides valuable answers to controversial insurance issues… Read more