Classic car insurance is a special type of insurance available for people with collector vehicles.
These types of cars include antiques, classics, custom cars, and replicas among other types.
There are usually specialized insurance companies that provide classic car insurance.
These companies have their own agents or else, a broker might also have these types of policies.
Typically, a car insurance broker has information regarding all kinds of insurance available in the market.
If a classic car owner goes to the agent of a regular car insurance company, he or she may refuse to insure the classic car.
The reason for this is that not many regular companies insure classic cars.
Therefore, a classic car insurance broker is the best person to approach for a comprehensive rates comparison.
Another advantage of going to a broker is that he or she will provide impartial comparison of rates offered by many companies.
On the other hand, an agent for a particular company will only have information regarding that particular company.
A classic car insurance broker also understands the specific needs of the car owner and can explain various terms such as limited mileage car insurance or no claims discount car insurance.
A classic car insurance broker helps the car owner select the best policy based of many factors.
These factors are type of car, usage, location, driving history of the owner, number of drivers listed, age of drivers and age and value of the classic car.
The next important job of the broker is to advice the car owner regarding the right amount of deductible that must be opted for.
A deductible is the amount the car owner has to pay in case of a claim.
Higher the deductible, lower is the premium, and so choosing the correct deductible option is vital for the car owner.
Though brokers provide excellent comparisons, it is advisable to gather some basic information through websites or other sources before approaching the broker.
This allows better understanding of terms and conditions and enables the car owner to determine of budget for purchasing the policy.
These types of cars include antiques, classics, custom cars, and replicas among other types.
There are usually specialized insurance companies that provide classic car insurance.
These companies have their own agents or else, a broker might also have these types of policies.
Typically, a car insurance broker has information regarding all kinds of insurance available in the market.
If a classic car owner goes to the agent of a regular car insurance company, he or she may refuse to insure the classic car.
The reason for this is that not many regular companies insure classic cars.
Therefore, a classic car insurance broker is the best person to approach for a comprehensive rates comparison.
Another advantage of going to a broker is that he or she will provide impartial comparison of rates offered by many companies.
On the other hand, an agent for a particular company will only have information regarding that particular company.
A classic car insurance broker also understands the specific needs of the car owner and can explain various terms such as limited mileage car insurance or no claims discount car insurance.
A classic car insurance broker helps the car owner select the best policy based of many factors.
These factors are type of car, usage, location, driving history of the owner, number of drivers listed, age of drivers and age and value of the classic car.
The next important job of the broker is to advice the car owner regarding the right amount of deductible that must be opted for.
A deductible is the amount the car owner has to pay in case of a claim.
Higher the deductible, lower is the premium, and so choosing the correct deductible option is vital for the car owner.
Though brokers provide excellent comparisons, it is advisable to gather some basic information through websites or other sources before approaching the broker.
This allows better understanding of terms and conditions and enables the car owner to determine of budget for purchasing the policy.
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