Collectible Car Insurance

Video Transcript

"You just opened up your car insurance policy, and you wanted to see if that special car that you've got in the garage is covered. My name is James, with The Resurgence Group. We're a full service insurance agency, and we specialize in car insurance. Well, if you've got that collectible car sitting in the driveway or sitting in the garage chances are it's not covered, or it's not properly covered under your existing policy. What I would suggest is to get with your agent, or call up one of the collectible car carriers, and give em' specific details of the type of vehicle that you have, and see what would be the best approach. Many times you want a stand-alone policy for that vehicle, or vehicles if you have more than one. And make sure that you give em' the VIN number so that they can run the registration and get an exact make on the type of vehicle, because it's very important in the event of a loss that they know exactly how to price it. Your premium's going to be based on the value of the vehicle, but you have what's called actual cash value versus replacement cost. You would prefer to get replacement cost, because chances are you're not going to see that vehicle ever again so it's going to be tough to just get a car that's going to replace it, so just take the cash and move on. Again, get with your agent. I strongly suggest that those are the professionals that know how to get the right insurance for the right price, and also the right vehicle. My name is James, with The Resurgence Group. We do this every day with our clients, so I'm hopin' that you can find a agent in your local community to sit down and write that policy that makes sense for you."