Top 5 Mistakes People Make When Buying Classic Car Insurance

When it comes to classic car insurance, there are many things that you need to keep in mind. After all, this type of coverage is designed specifically for your beloved vehicles – and the last thing you want is to make a mistake when choosing a policy. So, what are some of the top mistakes people tend to make when purchasing classic car insurance? Let’s take a look.

1. Not Understanding Eligibility Criteria

The first mistake people make is not understanding the eligibility criteria for classic car insurance. For example, you may think that any vehicle over a certain age will qualify – but that’s not necessarily the case. Classic cars usually have to be used for pleasure driving and exhibitions only to be eligible. They also can’t be your primary mode of transportation. So, it’s important to make sure you understand the criteria before you purchase a policy.

2. Not Getting Agreed Value Coverage

When insuring a classic car, it’s crucial to get agreed value coverage. This type of coverage ensures that you will be paid the full agreed-upon value of your vehicle if it is totaled or stolen. Without this coverage, you could end up being seriously underinsured.

3. Not Shopping Around

Another mistake people make is failing to shop around for the best classic car insurance policy. Like with any other type of insurance, it’s important to compare rates and coverage options before you decide. Don’t just go with the first policy you come across – take the time to shop around and find the best one for your needs.

4. Not Reading the Fine Print

Finally, another mistake people often make is not reading the fine print of their classic car insurance policy. It’s essential to understand exactly what is not covered by your policy. Otherwise, you could find yourself in a situation where you’re not as protected as you thought.

5. Lying or Omitting Information

It’s also important to be honest when applying for classic car insurance. If you try to lie or omit information, it could come back to bite you later on. Your insurer could deny your claim or even cancel your policy altogether if they find out that you’ve been less than truthful.

As a classic car owner, it’s essential to be aware of the potential mistakes you could make when purchasing insurance. Zapp Insurance Agency can help you find the perfect classic car insurance policy for your needs in Ballston Spa, NY. Contact us today to get a quote.