When residents of Charlotte and Waxhaw, NC, need auto insurance for their classic cars, they often wonder if their vintage vehicle can be added to a regular auto insurance policy. Our team at Hausmann Insurance & Financial Services is here to help you secure the coverage you need.
Classic Car Insurance vs. Regular Auto Insurance
While adding your classic car to a regular auto insurance policy might seem like a convenient option, it is not advisable. Regular insurance policies for cars, trucks, or SUVs do not account for the unique value of a registered classic car or the specialized needs it requires for repairs and replacement parts.
Specialized Classic Car Insurance
As a classic car owner, protecting your investment with the right type of insurance is essential. If your car qualifies as a classic under North Carolina’s guidelines, you’ll want coverage that applies when the car is used for parades, exhibitions, and occasional driving.
Specialized classic car insurance policies insure your vehicle for its agreed-upon value rather than its market value in the event of an accident where the car is deemed a total loss. These policies may also include coverage for restoration work, specialized tools required for your specific type of classic car, and unique parts needed for repairs and replacements.
Additionally, these policies provide liability coverage for injury or damage to others when you are at fault, uninsured or underinsured motorist coverage, and medical expense coverage.
Contact Us
Whether you’re in Charlotte or Waxhaw, NC, you want your classic car to be protected at all times. With assistance from Hausmann Insurance & Financial Services, we’ll ensure you have the right policy for your vintage ride. Contact us today to learn more.
