Tips To Insure Your Classic CarUncategorizedFebruary 1, 2017When it comes to insuring the standard private passenger automobile, most coverages are standard across the board for all insurance companies in Ontario. But what if you happen to own an irreplaceable classic car? Just owning a vintage car, let alone driving it, you may be finding it difficult to navigate the necessary insurance coverage to properly protect it. Here are some tips for insuring a classic car. Always Keep Your Car Insured This applies to any standard automobile, but one should always keep at least Comprehensive coverage on your vehicle. Even if it’s parked in your garage for a extended periods of time. While this generally applies to “snowbirds” who travel for months on end to escape the winter weather. It also applies specifically to classic cars. Classic cars are rarely driven and are stored in the garage for long periods of time. You should never just remove all coverage just because the car is being stored in the garage. What if a fire breaks out or thieves break in your garage. What about if a snowstorm collapses the garage and debris ends up damaging it? The repair costs would come straight out of your pocket for an accident you had no control of. Obtain Specialty Classic Car Coverage You may not frequently drive your classic car, perhaps it isn’t used quite as often as the average vehicle. You may actually have another vehicle for your daily use. Purchasing a specialized policy for a vintage car can usually be less, especially if the vehicle is a show car or isn’t driven moremuch. Appraisals Have the vehicle appraised by a professional. Make sure you get a certificate after the appraisal is completed. You should then have the vehicle insured for its Replacement Cost Value. That way, you the vehicle value is retained in the event of a claim. If you have questions about classic car insurance please feel free to contact one of Pacific Insurance Broker Inc.’s knowledgeable representatives today at (416) 494-1268.