Your Classic Collectors policy includes the following. No additional charge where noted. (coverages vary by state and vehicle type - contact us for additional information).
AGREED VALUE COVERAGE
Agreed Value guarantees that in the event of a total loss, we will pay you the full amount of coverage listed on your policy for your vehicle. Depreciation and subjective valuation on your vehicles is eliminated.
The concept is simple - if your vehicle is insured for $15,000, and it is totaled by a covered peril, you receive $15,000 minus any deductible, if applicable.
Many insurers sell what is called "Stated Value" policies, which is inferior protection. This coverage states you will receive "up to" the value listed for the vehicle in a total loss, but it does not guarantee the full amount will be paid.
Note: Agreed Value Coverage is offered in most cases at no extra cost, but there are some states and vehicle types where Stated Value Coverage is offered instead. While offering less coverage than Agreed Value, Stated Value Coverage is better than the alternative ACV Coverage (Actual Cash Value) offered by regular automobile insurance policies. Exotic vehicles are the most common exception.
Enjoy driving your classic car to work or school when you select our optional Drive-to-Work coverage. This coverage allows for the availability to commute to and from work or school for up to 30 days during the term of your policy and up to 5 consecutive days in any 14 day period.
CHOOSE YOUR OWN REPAIR SHOP
Whether you're a grease monkey or you have "a guy," Classic Collectors won't steer you to a specific repair shop. After appraising the cost to return your classic to pre-loss condition, we'll cut you a check for that amount (less any applicable deductible). You can spend the money in whatever way you see fit to repair your vehicle.
NEWLY ACQUIRED VEHICLE COVERAGE - UP TO $75,000 FOR 30 DAYS
Still adding cars to your collection? Don't worry. You're covered. A newly acquired vehicle will be covered for the verifiable value or purchase price up to $75,000 for 30 days.
FREE SPARE PARTS
Coverage Spare Parts Coverage on our policy covers extra parts of the insured vehicle, such as a second set of wheels or a hard top roof to a convertible, for up to $1,000 if stolen or damaged in an accident. Spare parts covered do not include those parts needed in the event of a vehicle breakdown.
FREE TRIP CONTINUATION COVERAGE
If your collectible vehicle is disabled due to an accident over 50 miles from the garaging location, we will pay up to $75 per day for lodging and transportation expenses incurred returning to your home address. The maximum payout is $500. See your policy for more details.
FREE FULL GLASS COVERAGE
Coverage for damage to windshield and other glass breakage included at no extra charge.
FREE EMERGENCY ROADSIDE ASSISTANCE
Coverage If for some reason, you are not able to use our Driver Club®, we will pay up to $100 for towing and labor expenses incurred due a covered disabled vehicle. See your policy for more details.