As only the "Certified
Car Nut" knows, when it comes to restoring or purchasing
that dream vehicle, often is the case that money is not a factor
when that obsession sets in; however, after restoring or purchasing
that "dream ride," there is the issue on how to best
protect your investment with the proper insurance. On this edition
of Hemming's Garage, Sam and Dennis talk to Jim Grundy from Grundy
Worldwide Collector Car Insurance about the best way to insure
your collectable car.
When searching for a company to handle
your ride, the first thing to look for in insuring your classic
is to find a company that specializes solely in classic auto insurance.
You can find several sites on the web for these companies and
once you do find them you can decide on the limitations and advantages
that each company offers in regard to how you use your car. Some
policies have no deductibles, and no mileage restrictions and
that can be an advantage. Others have requirements such as that
the car must be garaged, it cannot be driven to work or school,
or that no drivers under a certain age can be allowed. In any
case, you can easily find a company and a policy that works for
you. Most importantly, however, the one factor that everyone will
like about collectable car insurance is the price. You can insure
a car with an agreed value of $25,000.00 for approximately $175.00
per year! Or you could insure a car with an agreed value of $50,000.00
for only around $275.00 per year. Now that is a bargain! Also,
getting a real-time insurance quote is as close as just a phone
call or the click of a mouse. Thanks Jim for giving us the scoop
in classic car insurance.
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And always remember, when it comes
to questions about these services, or for questions about any
other parts for your restoration project, check with us at www.myclassiccar.com.
And don't forget, when buying or selling anything automotive,
look to Hemming's Motor News at www.hemmings.com.
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