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Vehicle
Appraisals
Twisted Customs offers professional classic and custom
vehicle appraisals for all of our customers. Over the past years, classic
vehicle insurance and coverage has been a hot topic within the industry.
Twisted Customs uses INDUSTRY professionals to appraise your vehicle, not
insurance company professionals. That way you are receiving a proper
appraisal, one that accounts for the large investment you have made in your
vehicle. Our appraisals are documented and can be used in conjunction with
any classic car insurance policy.
Classic Car Insurance
Classic car insurance has been available for over 50 years
for owners of classic, collector, antique, exotic, and custom automobiles.
Yet, more than half of the owners still insure their vehicles through a
standard insurance company even though they may be paying a more costly
premium and have less coverage. Some estimate that using a company
specializing in collector car coverage can save up to 75% and have a less
restrictive policy.
A major reason for specialty insurance occurs when having to make a claim.
Most standard claims adjusters will not understand why using a specific
repair shop or using original parts is so important to protect the value of
you car.
Basic Requirements for Classic Car Insurance
While each insurance company has their own requirements, most contain the
following items in common:
- Most cars must be older than a set number of years (15 to 25).
- The car can not be used for commercial transportation.
- You must own at least one other car for “daily driving”.
Generally collector car insurance involves covering an older classic,
collector, or antique car. There are now a few underwriters who will cover
exotic and customized cars, regardless of the vehicle's age.
If you qualify, premiums are usually a fraction of the cost of a standard
insurance policy. Insurance company underwriting guidelines may include
driving usage, special care for the car (such as how it is garaged), good
driving records, and few if any youthful drivers. Some brokers market
polices nationwide, often including coverage for spare parts and towing.
You are not required to insure your “daily driver” with the same company.
You will want to insure your regular car with a standard insurance company
and use the specialty insurance for the collector’s car.
Next
Article courtesy of
Leland-West
Insurance Brokers, Inc.
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