Classic Car Insurance in Fort Worth, TX
Whether you enjoy classic cars as a professional or hobbyist, these motor vehicles can be rewarding. However, given the financial and sentimental value that these automobiles may hold, you must consider potential losses. Be sure you understand your options regarding classic car insurance.
What Is Classic Car Insurance? 
Classic car coverage is a specialized type of auto insurance that often includes many unique features and coverage options that may not be available for standard policies for an everyday vehicle. Also known as vintage car insurance, this type of insurance can typically be acquired for unique, valuable, antique and rare vehicles, although eligibility criteria may vary among insurers.
What Does Classic Car Insurance Cover?
Classic car coverage may offer crucial financial protections for you and your prized vehicle, including the following:
- Agreed value—You and your insurance company can agree on an established cash value for your classic vehicle that will not depreciate over time. This can contrast with most standard auto insurance policies where insured value typically decreases over time.
- Custom care options—Maintenance for classic cars can be tricky and expensive. Fortunately, with the right classic car policy, you may be able to enjoy coverage for specific garages and auto shops that specialize in caring for your vehicle. Original parts and components designed for your automobile may also be covered.
- Transportation aid—Classic car insurance can also assist with costs needed to safely transport your vehicle, such as if you are planning to attend an auto show or otherwise require specialty towing services.
In addition to the aforementioned special features, classic car policies can also often include many components familiar to those with standard auto coverage, such as for liabilities, collisions, medical payments and uninsured motorists.
How Does Classic Car Insurance Work?
Classic car policies function similarly to many types of insurance by establishing a contract between you and your insurance carrier. After agreeing on various terms and details of your policy, you are responsible for paying regular (e.g., monthly or annual) premiums. In exchange, you retain the right to file a claim against your policy following covered losses. If approved, your insurance company can issue a payout up to your coverage limits and minus your deductible.
Get the Right Coverage
If you’re a classic car enthusiast in the Fort Worth area, contact Cornerstone Independent Insurance Agency LLC today to learn more about your coverage options or to compare classic car insurance quotes.