Is classic car insurance mandatory in Niles, OH?

Are you lucky enough to own a classic car in Niles, OH? Congratulations! To some people, an antique car is some old fragile fashioned metal, but to car enthusiasts, an antique is anything but fragile. In fact, it is one of the most valuable cars you will ever own. Wait! Did you know that classic cars appreciate in value? Well, this should be a reason enough for you to buy classic car insurance, and Ruddy Insurance Group can help you secure a policy based on your budget, needs, and style.

Is classic car insurance mandatory?

Before answering this question, it is critical to understand that a classic car is no ordinary car. In most cases, the typical auto insurance may not be adequate to protect such an investment.  We are talking about cars manufactured in the 50s and are still in their best condition–generally cars that are older than 20 years. Classic cars appreciate, unlike modern cars that lose value immediately, they hit the road. With that said, classic car insurance is not mandatory, but necessary if you want to protect them from loss, damage, or theft.

What are the coverages offered?

Most antique car coverages go beyond the basic auto insurance policy. These are cars just like the rest, only that they are durable and more expensive. So, if you regularly use your car for shopping, vacations, or commercial purposes, you may need to buy auto insurance coverages such as property damage liability, bodily injury liability, personal injury protection, uninsured and underinsured motorist a collision coverages.  As mentioned earlier, this is not enough to protect such a valuable asset., So, you will need other coverages such as spare parts coverage, towing and special repair, restoration, and inspection coverage.

Let Ruddy Insurance Group help you protect what matters to you. Feel free to speak to our agents about classic car insurance, and they will be happy to respond.

Does Classic Car Insurance Cover Accidents?

Classic cars are a wonderful thing, they bring much enjoyment and fun to those that own them. That being said, typical insurance simply does not do justice when it comes to caring for your classic car. For those that live in the Niles, OH area, the agents with Ruddy Insurance Group can help you to get the coverage that you need.

Classic car insurance covers a great deal, including the cost of recovering after an accident? If you do have a classic car your classic policy will do a few things that normal car insurance simply does not do. For starters, classic coverage helps to cover the total value of your classic car. With normal car insurance, if your classic car is in an accident you are not going to be able to get the full amount for your car, even if it is fully destroyed. This means that if your classic car is valued at $60,000, you are not going to have to worry about depreciation, you are going to get the full $60,000.

Classic car insurance is something that any classic car owner needs in order to help to protect their investment and make sure that their car is not going to be destroyed and they are going to have to pay to replace it on their own. Classic car insurance works to help protect your car from damages, accidents, and more and is essential if you do have a classic car that is worth a great deal of money. For those that live in the Niles, OH area, the agents with Ruddy Insurance Group can help you find the type and amount of coverage that you need for your classic car to be fully protected and fully covered in the case of an accident.