Classic Car Insurance Canada is available from specialty programs and through regular auto insurance policies. As with any type of insurance it is best to shop around for coverage comparing price and coverage. It is never a good idea to assume that one type of policy will be better than the other – especially when it is so easy to get car insurance quotes.
It is important to check if there are any restrictions on the use of the classic car. Is there a certain number of kilometers or some limitation that would prevent you from driving it to a show instead of trailering it? Are there certain expectations as to how and where it is stored?
An appraisal may be required to get classic car insurance Canada. If you do not wish to get an appraisal, some companies will offer liability coverage but no physical damage.
Insurance coverage on classic automobiles is often fairly inexpensive because the liability risk is lower in most cases. The auto insurance company recognizes that the car is not being driven as much as most cars and great care is taken by most classic car owners. To be treated in such a favourable manner you must also own and insure a car that you drive regularly for work or errands.
There are different choices for classic car insurance coverage. The best choice is agreed value where depreciation is not factored in. An appraisal is definitely required.
Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.
Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.
Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions