Classic cars are more than just vehicles. For most classic car owners, these vehicles are both hobbies and investments. Classic cars require special insurance coverage. At All Around Insurance Agency, serving Katy, TX, we want to help our customers make the best insurance choices possible. Let’s look at three factors to consider when buying classic car insurance. 

Real Vehicle Value

Car insurance policies are often based on the value of the vehicle. This can be tricky to determine with classic cars, though. Classic cars are valued very differently. This is why traditional car insurance is often not adequate. You’ll want to have the classic vehicle adequately evaluated by an insurance professional to get the right value and amount of coverage. 

Specialized Restoration 

It’s also important to consider any special restoration work that has been done to the car. This can greatly affect the overall value of the vehicle. You’ll want to discuss these types of details with an insurance representative. It’s also essential to have proper proof of the work done. This is one reason why you should always keep up with your documentation of these vehicles. 

Towing and Parts

If the vehicle requires specialized towing or parts, this should also be considered in the valuation and coverage of an insurance policy. Many classic cars cannot be towed or should not be towed in the same way as other vehicles. Finding specialized parts for repairs can also be difficult, so getting proper coverage in the event of an accident or damage will need to be taken into consideration. 

If you’d like to learn more about classic car insurance, please contact us at All Around Insurance Agency, serving Katy, TX, and the surrounding areas.