What do I need to consider with classic car insurance?
One thing you should look out for is an agreed valuation. This means you agree up front with your insurance provider how much your car is worth, so that in the event of total loss you can be reimbursed.
And it goes without saying that if you’ve modified or restored your car, then you should let your insurance provider know. Not doing so could invalidate your policy, or you run the risk of short changing the value of your prized possession.
If you’re deciding whether or not to invest in a classic car, then bear in mind that parts might not come cheap. Let’s be honest, classic is just another word for old and old in the context of cars can mean it’s hard to fix and find parts for. So, while you have a hankering for something cool and vintage, the demands on your wallet might not be so welcome.