Thorough Overview Of Classic Car Insurance

Richards Insurance Agency provides coverage to the Lincoln, NE community, as well as the surrounding areas. We consult with our clients and develop a game plan to help them find the insurance coverage they need to protect their assets. We offer flexible policies designed to meet our client’s unique needs. We look forward to offering you quality service.

Classic Car Insurance Overview

Classic cars are unique assets. As the owner of a classic car, insurance adds another layer of protection as you maintain your vehicle. In order for your vehicle to meet the classification as a classic car, it must pass certain qualifications. The car should be at least 25 years old. You have to perform regular maintenance on the vehicle to keep it in great shape. Your vehicle may also qualify for classic status if you have amended the original specifications to add more value to the vehicle. Low mileage is another feature of classic cars. Generally, you should only drive the car to Lincoln, NE car shows and exhibits. Only driving the car on special occasions enhances the value of your classic car.

Classic car coverage is similar to traditional coverage because you are protected if you are held liable for property damage or bodily injuries. Comprehensive coverage is more popular for classic cars, as they are always at risk of being stolen or vandalized. You can add special coverage to your policy. It’s important that you store your classic car in a secure garage or facility. However, an accident can still happen at any time. Storage coverage can protect your vehicle if a disaster strikes. If you add any accessories to the vehicle, you can add extra coverage to protect you if those parts are damaged.

Richards Insurance Agency Will Help You Find The Right Policy

Visit our website to learn more information about classic car insurance.  

What Does Classic Car Insurance Cover in Lincoln?

If you live in the Lincoln, NE area and have a classic car, you might cherish it for many reasons. Maybe it was passed down to you by a loved one, or perhaps you restored it with painstaking care weekend after weekend. These cars aren’t just vehicles to many owners, but a symbol of what America can be.

From the thrill of the summer sun to the warm nights spent hanging out with friends, there’s more to these vehicles than meets the eye. If you’re interested in classic car insurance, Richards Insurance Agency wants you to have the facts. 

Understanding Your Investment 

From theft to accidents to natural disasters, many things can threaten the classic car. The paint job or mirrors can be marred by anything from an errant tree branch in the driveway to a kid who threw a baseball a little too hard. Even if you keep your classic car in the garage, there’s no such thing as an impenetrable fortress. You can count on classic car insurance to be there for you when you need it the most. You design the coverage, so you only pay for what you need. 

Finding the Right Help

If you have questions about different kinds of policies and what kinds of threats you’re likely to face in your hometown, the Richards Insurance Agency in Lincoln, NE is here to be of service. Our agents are here to give you the kind of advice that will help you understand how you can best use the coverage to your advantage. If you have questions — whether you own one classic car or five — give us a call today to see what we can do. 

Do You Qualify for Classic Car Insurance?

Owning a classic car can be a fun and rewarding experience, but you must ensure that you have the proper insurance coverage on your vehicle for security and to protect your investment.

Although classic cars are not generally driven on the roadways as much as a regular vehicle, you must ensure that your coveted possession is adequately insured in case of a fire, theft, vandalism, natural disaster, or an accident.

How classic car insurance works

Most vehicles, including brand-new ones, depreciate in value over time, unless you own a classic car. Many of those vehicles will appreciate in value over time, so you will want to have enough coverage for your investment through the process of obtaining specialized insurance.

Check For Eligibility

There are some requirements that your vehicle must meet to be considered a classic car and to be eligible for classic car insurance.

To be considered a classic car, a vehicle must be at least ten-years-old to 24 years-old with historical interest. Examples of this are muscle cars or hot rods. To be considered an antique car, your vehicle must be 25 or more years old with historical interest. Your vehicle should only be used in a limited capacity and not used for everyday activities.

The condition of your classic car is important since it must be maintained, preserved, and restored or currently undergoing the restoration process to be considered for classic car insurance. You must also have your classic car stored in an enclosed building for safekeeping and to qualify for an insurance policy.

Obtaining a Policy

Most policies for classic and antique cars include several coverage options, such as comprehensive, liability, collision, and more. The agents and staff at Richards Insurance Agency in Lincoln, NE are ready to answer any questions you may have about classic car insurance and to assist you in obtaining the best policy for you and your prized possession. Visit Richards Insurance Agency in Lincoln, NE for more information.