Are you lucky enough to own a classic car in Niles, OH? Congratulations! To some people, an antique car is some old fragile fashioned metal, but to car enthusiasts, an antique is anything but fragile. In fact, it is one of the most valuable cars you will ever own. Wait! Did you know that classic cars appreciate in value? Well, this should be a reason enough for you to buy classic car insurance, and Ruddy Insurance Group can help you secure a policy based on your budget, needs, and style.

Is classic car insurance mandatory?

Before answering this question, it is critical to understand that a classic car is no ordinary car. In most cases, the typical auto insurance may not be adequate to protect such an investment.  We are talking about cars manufactured in the 50s and are still in their best condition–generally cars that are older than 20 years. Classic cars appreciate, unlike modern cars that lose value immediately, they hit the road. With that said, classic car insurance is not mandatory, but necessary if you want to protect them from loss, damage, or theft.

What are the coverages offered?

Most antique car coverages go beyond the basic auto insurance policy. These are cars just like the rest, only that they are durable and more expensive. So, if you regularly use your car for shopping, vacations, or commercial purposes, you may need to buy auto insurance coverages such as property damage liability, bodily injury liability, personal injury protection, uninsured and underinsured motorist a collision coverages.  As mentioned earlier, this is not enough to protect such a valuable asset., So, you will need other coverages such as spare parts coverage, towing and special repair, restoration, and inspection coverage.

Let Ruddy Insurance Group help you protect what matters to you. Feel free to speak to our agents about classic car insurance, and they will be happy to respond.