Getting the Best Classic Car Insurance Deals
Classic cars are very popular due to their distinctive style and being genuinely more unique than modern motor vehicles. Classic car owners take a lot of pride in their cars and in doing so; need to think very carefully about their car insurance.
How old for classic car insurance? A classic car is defined as a car that is more than 20 years old and, in the view of HM Revenue & Customs, if the vehicle is also worth over a value of £15,000, then it’s classic through and through.
Insurance for classic cars is often far cheaper than cover for newer cars because they tend to be driven less frequently and maintained / cared for to a higher standard.Take advantage of this when looking for a policy but also keep an eye on what you’re getting for your money.
When taking out a new insurance policy, there are a number of things the insurer will consider from the cars age and value to your age and driving experience. It is also essential, for your benefit, that you agree with an insurer the actual worth of the vehicle before you take out the policy so you know exactly where you stand. The insurer may request evidence which may involve you having the vehicle valued – this may seem a bit of an inconvenience but will prevent any disputes or surprises if you needed to make a claim. Keep this up to date if you can – vintage cars tend to increase in value as they get older as opposed to newer models decreasing.
Most classic car owners don’t tend to drive their classic cars as much as someone may drive a modern car – this is noted with insurers as another benefit of offering your classic car insurance policies and the annual mileage can be specified or capped off by them. Of course you can drive your car as much as you like, but check that you’re not missing a trick here.
When looking in to your classic cars insurance, consider the parts that might, or might not, need replacing at any point in time. Making sure the insurer will replace parts like for like is important to the value and originality of your car in keeping the authenticity. Not all insurers will offer like for like.
Your classic car insurance might also cover car shows; if these are something you like to participate in it is worth asking this question as well.
There are the usual options of comprehensive, third party or third party fire and theft covers – be sure to consider all of your options and how much each would cost you as a premium and in the event of something going wrong. Consider which is going to save you money in the long run.
The big difference outlined by insurers is that, with a classic car insurance policy, you cannot build up a no-claims bonus. Although the premiums tend to be cheaper anyway so it doesn’t make that much difference.
Finding the right insurance for your classic car is vital and can be time consuming but is worth all the time it takes to ensure you are insured for all eventualities.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
Classic cars are very popular due to their distinctive style and being genuinely more unique than modern motor vehicles. Classic car owners take a lot of pride in their cars and in doing so; need to think very carefully about their car insurance.
How old for classic car insurance? A classic car is defined as a car that is more than 20 years old and, in the view of HM Revenue & Customs, if the vehicle is also worth over a value of £15,000, then it’s classic through and through.
Insurance for classic cars is often far cheaper than cover for newer cars because they tend to be driven less frequently and maintained / cared for to a higher standard.Take advantage of this when looking for a policy but also keep an eye on what you’re getting for your money.
When taking out a new insurance policy, there are a number of things the insurer will consider from the cars age and value to your age and driving experience. It is also essential, for your benefit, that you agree with an insurer the actual worth of the vehicle before you take out the policy so you know exactly where you stand. The insurer may request evidence which may involve you having the vehicle valued – this may seem a bit of an inconvenience but will prevent any disputes or surprises if you needed to make a claim. Keep this up to date if you can – vintage cars tend to increase in value as they get older as opposed to newer models decreasing.
Most classic car owners don’t tend to drive their classic cars as much as someone may drive a modern car – this is noted with insurers as another benefit of offering your classic car insurance policies and the annual mileage can be specified or capped off by them. Of course you can drive your car as much as you like, but check that you’re not missing a trick here.
When looking in to your classic cars insurance, consider the parts that might, or might not, need replacing at any point in time. Making sure the insurer will replace parts like for like is important to the value and originality of your car in keeping the authenticity. Not all insurers will offer like for like.
Your classic car insurance might also cover car shows; if these are something you like to participate in it is worth asking this question as well.
There are the usual options of comprehensive, third party or third party fire and theft covers – be sure to consider all of your options and how much each would cost you as a premium and in the event of something going wrong. Consider which is going to save you money in the long run.
The big difference outlined by insurers is that, with a classic car insurance policy, you cannot build up a no-claims bonus. Although the premiums tend to be cheaper anyway so it doesn’t make that much difference.
Finding the right insurance for your classic car is vital and can be time consuming but is worth all the time it takes to ensure you are insured for all eventualities.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
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