Classic cars aren’t your conventional cars. They have a higher value for different reasons. How will you treat an animal if you find out that it is the last of its kind? You’ll treat it like a king, right? This applies to classic cars too. They are not available in commercial numbers. All classic cars are only one of their kinds.
A classic car is a showpiece anytime. This category of cars is often taken to rallies and car shows. Virtually all classic cars are made of older spare parts that are not available in the market. So, if any part packs up, it may be impossible to replace it.
Also, people hire classic cars for events, like a wedding or photoshoots. So, these are why classic cars are of higher value than conventional cars. They require special insurance. Classic car insurance comes in different categories, and they have been outlined below.
Classic Car Insurance
This insurance is for cars that were manufactured about 19 to 24 years ago. Apart from the fact that their contemporaries do not exist anymore, these cars are usually one of the best models among their contemporaries. According to The Classic Car Club of America, a classic car is any car manufactured between 1925 and 1948, and still fully operational.
Antique Car Insurance
This insurance is for antique cars. Automobile companies define an antique car as a car that is at least 25 years and still in good working condition. On the other hand, the Antique Automobile Club of America defines an antique car as the one that is at least 45 years old and still in good working condition.
Modified Car Insurance
This insurance is for cars whose design and structure have been modified for certain advantages. Can you remember how Dom Toretto and his gang used to modify the engine of their cars for speed and stability in Fast & Furious movie series? Those are examples of modified cars. The modifications turn the cars into classic cars.
For more information on classic car insurance, contact Blanchard Insurance in Altamonte Springs, FL.