Owning a classic car collection can be a significant joy and a headache if you ever experience damage or other complications. Thankfully, we at Tarheel Insurance Group can provide Wilmington, NC, car owners with high-quality classic car insurance that keeps your collection safe.
How Classic Car Policies Enhance Value
Classic car insurance policies are different from standard options because they are treated more like a "collector’s insurance" option rather than on a vehicle you use regularly. As a result, they can improve the value of your collection when you insure each of your cars, making it more valuable if you ever decide to sell or replace any of the vehicles in your classic car collection.
That’s because you create a policy based on agreed-upon replacement value rather than a standard policy that will assess your car’s value after it is damaged or needs replacement. This setup is necessary because classic cars are rare and need specialized protection to minimize serious complications.
Classic Car Insurance Protects Against Damage
Beyond enhancing the value of your collection, good classic car insurance also helps to protect you from various types of damage. Typically, your policy will help to repair or replace your classic car when it experiences:
- Damage caused when taking your car to a show
- Problems caused by natural disasters
- Theft, vandalism, or other concerns
High-quality classic car insurance is designed to handle the unique challenges common with owning and showing off these vehicles. And it gives car owners the best chance of compensation after damage.
How We Can Help
Do you want classic car insurance to protect your investment and stay safe from severe financial loss? Then, please contact us at Tarheel Insurance Group to learn more. We serve the Wilmington, NC, area and will do what we can to help your collection stay safe.