Classic automobile insurance in Miami, FL, gives owners of classic cars special coverage choices and expert service that may not be available from a regular auto insurance company. The most important part of classic auto insurance coverageis agreed value coverage. This means that you and your insurer agree on the value of your car based on an evaluation. Many classic car insurance companies also have special coverages for things such as showing your car at car shows and repairing rare cars.
What Is Agreed Value Coverage
In an agreed value contract, you and a company such as Del Toro Insurance agree on how much your car is worth, and that’s how much it’s insured for. This could be anywhere from $10,000 to $100,000 or more, depending on how much an evaluator thinks your classic car is worth.
This is different from how most cars are covered. If you have a car that is easy to find, your insurance company will figure out how much it is worth by looking at similar models and how much it will cost to fix it. A classic car is protected more like a piece of art than a regular one since its value depends on how much people are willing to pay.
Benefits of Classic Car Insurance
The other major benefit of classic automobile insurance in Miami, FL, is that these companies focus on working with rare, collector, or antique cars. When you have insurance for a classic car, the agents, adjusters, and other staff you deal with will know more about how rare cars work and what a classic car owner needs. This is in addition to providing the other common car insurance coverages.
