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Collector Cars Merit Specialized Coverage

Bulletin – Friday, September 25, 2015

Insuring a classic car on collector car policy, rather than on a personal auto policy, offer s customers some key advantages.  Collector car policies cover vehicles on an agreed value basis.  This means if a total loss occurs, the customer and the insurance company have already agreed on the value of the vehicle which is typically based current sale and auction prices.  There is no haggling over depreciation like with a personal auto policy!  Rather than depreciating the value of the vehicle, collector car policies allowed the policyholder to increase the value of their vehicle as it becomes rarer and more valuable year after year. 

Customers can have the peace of mind that when an accident happens because claims are handled by adjusters who have specialized knowledge of the cost involved in repairing a valuable collectible, including using original equipment from the manufacture whenever possible.   The advantages of a collector car policy usually come at a discount compared to coverage on a primary auto policy, and the savings is any easy sell!

To learn more about important reasons you should be offering collector vehicle policies rather than insuring a classic car on the PAP, read this informative article posted by the Independent Agents magazine and then give Tuscano a call to work with a knowledgeable underwriter.

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