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Unrestored Classic Car Insurance
Classic cars are highly regarded and cherished for their unique charm and are commonly used in car rallies and special events. For insurance purposes, most insurance companies consider restored and unrestored classic cars separately. Restored classic cars are those that are remodeled and given a new look while unrestored ones are kept in their original shape. These are kept in their original factory form and nothing is replaced or modified. When unrestored classic cars are in working order, they may be covered by insurance. There are many insurance companies in the United States that provide insurance coverage for these unrestored classic cars if the owner is in possession of the original invoice and certificate of title. If the owner has photos of the unrestored classic car taken over the years, the chances of it being insured improve. The amount of coverage in such cases may be retained upon renewal or increased in value. Generally, the amount of cover for unrestored classic cars is increased, subject to the location of the car. This is done because the owner enjoys an appreciated value on these cars.
Unrestored classic cars are considered a good investment and as a result, owners of these cars may end up getting more than the claim amount. The insurance policy for these cars allows the insured the opportunity to retain recovery. Windshield and window cover are provided apart from full car breakdown recovery service.
The insurance policy for unrestored classic cars usually includes a 1500/3000/5000/7500 mileage option. They also provide rally coverage as these unrestored cars compete in rallies. As unrestored old cars are sometimes used at weddings, the insurance policy also covers wedding rental by the day or by the year.
Under the unrestored classic car insurance policy, provision is also made for different types of discounts on the amount of premium payable. However, these reductions are reserved for experienced drivers, members of recognized classic car clubs or institutes of advanced motorists.
Unrestored classic car insurance aims to retain the value of vintage cars by protecting them against potential damage and loss.
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