If you’re a Wheat Ridge, CO resident who owns a classic car (or wants to someday), it goes without saying that you want to keep your investment safe. Carrying the right insurance coverage is part of that, as classic and vintage vehicles require more than standard auto insurance.
Several key factors can affect your classic car insurance coverage once you have it, with storage standing out as one of the biggest, and CO Insurance Specialist can help you figure them out. In the meantime, here’s a look at what you should know.
Protection from the Elements
Naturally, a classic car left parked in a driveway or on the street faces significantly more risk than one securely locked away in a garage or other facility. For example, it’s constantly exposed to UV radiation, the elements, and the effects of inclement weather.
It’s also a lot more likely to wind up stolen or vandalized. Many Colorado insurance providers will require the policyholder to store their classic car in a safe, enclosed space for that reason.
Security measures (or the lack of them) can also affect your coverage and any claims you might need to file in the future. So, the more security you have in place where you store your car, the better. This includes lighting, alarms, cameras, and other security features. But tracking devices and immobilizers are also great options to add to the mix.
Time Spent in Storage
How often (and under what circumstances) your car comes out of storage in the first place also affects your coverage. Limited-use classic car coverage may be an option if you rarely drive your vehicle, use it only for seasonal Wheat Ridge, CO car shows, and so forth.
Whatever your reasons for wanting to own and care for a beautiful classic car, protecting your investment to the fullest is a must, and a CO Insurance Specialist can help you make the best possible decision. Call us today to get started!