When shopping for classic car insurance you’re process begins with choosing the appropriate company. We’ve written articles on finding the best fit for the type of insurance you want, and to make sure you have adequate insurance coverage.
After you’ve chosen the right company to work with you need to get a classic car insurance quote from the firm. The quote will let you know what products you’re purchasing from them as well as what your insurance premium will be. You’ll need to be prepared to provide the proper information to the insurance company for them to give you the most accurate car insurance quote possible.
First of all, have all the information about your car handy, such as the current insurance policy (if the vehicle is already covered), the title or registration for the vehicle, and your current driver’s license. Some companies will also require your social security number. Be prepared to provide this if it’s not on your current driver’s license.
Hagerty and Grundy require that you provide photographs of the vehicle you wish to cover. Take pictures from several angles during the day when the light is conducive. Don’t try to hide issues in the shadows; the insurance company will just make you retake any pictures they feel they need more clarification on.
If you have made any modifications to the vehicle such as adding a supercharger or turbo, or changed the drivetrain, have documentation for these items. Insurance companies may require riders for some engine modifications. It’s important to have these changes documented in photographs as well, especially since these photographs will aid in determining the coverage during a claim.
An appraisal of the value of the vehicle can be important, although not necessary. An appraisal will help you determine the stated value of the vehicle which can aid you in determining the level of coverage you need. If you have an exceedingly valuable vehicle and request a high level of value you may be required to provide an appraisal to higher value. Get an appraisal from a professional appraisal company. Your insurance company can recommend a local resource.
Once you have all this information in hand your ready to begin filling out the insurance application. The application will have areas that are required to be filled out and some areas that are optional based on certain conditions and products you wish to purchase. Fill out the required sections in full before going back and filling out the optional areas. This will guarantee you have all the “must have” information on your application.
Choose any riders or additional products wisely. Be aware that any additional riders on the policy will affect your insurance premium. While classic car insurance can start off less expensive (and more comprehensive) than traditional insurance you can quickly rise the expense by adding additional products to your coverage.
Once your car insurance policy has been completed it’s time to review every section of the application. Make sure it’s filled in completely and that you understand each area of the form. If you have any questions now is the time to contact your insurance company for clarification. Making sure you understand your policy is important to avoid problems in the future.
Congratulations, you now have a completed classic auto insurance application completed. Submit it to the insurance company and wait for them to contact you. They will either reject/approve the application or request clarification on any points they aren’t clear on. Answer promptly any questions posed to you to guarantee a speedy application process.
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