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Motorquote classic vintage
car insurance
Motorquote Direct
classic car insurance provides
competitive cover for specialist classic and vintage cars, other insures listed
in our UK directory also offer classic car insurance quotes. Our top tip is to
shop around a lot and look out for online offers and discounts for new customers.
Motorquote Direct insurance
provide instant online quotes from their website with motor
insurance available for car
, van and motor
bike as well as home
insurance. Motorquote Direct are a well established insurance intermediary who
started out in 1965. Motorquote Direct deal in all types of insurance with special
rates for classic cars, vintage cars, and high performance cars. Motorquote Direct
can arrange insurance for commercial risks including property, stock, liability,
vehicle fleets - for any size of business. Motorquote Direct Insurance Panel is
made up of the following companies; AXA, Groupama, Norwich Union, Corinthian Insurance,
FORTIS, KGM Motor Polices At Lloyds, Highway Motor Polices At Lloyds, Legal &
General, Liberty Motor Polices At Lloyd,s Zurich Insurance, Royal & Sun Alliance,
SABRE Insurance, Service Motor Polices At Lloyds, Link Motor Polices At Lloyds,
Equity Red Star Motor Polices, Cornhill Insurance, N.I.G, Provident Insurance,
Zenith Motor Polices At Lloyds, WREN Motor Polices At Lloyds, CHAUCER Motor Polices
At Lloyds.
Classic car insurance is
not the same as the insurance you buy for your regularly driven, "everyday"
cars, vintage car insurance can differ significantly from standard car insurance
in terms of availability, coverage and cost. Classic car insurance can be purchased
from a specialty provider either directly or through your independent insurance
agent. Vintage car insurance is generally not available to individuals with
vehicles that are less than 15 years old, you should also have a decent driving
record, at least 10 years driving experience, other vehicles for "regular" use,
and garage space for your Classic vintage car vehicle when it's not in use.
Standard car insurers provide
one of two types of physical damage coverage (insurance for the car): "ACV,"
or "Actual Cash Value" coverage is the most typical, and is defined as "replacement
cost minus depreciation." Obviously this is not a good option for classic or
vintage cars, as appreciating car values are not recognized. The second type
of physical damage coverage is "Stated Value," which obligates the insurer to
pay "up to" the stated amount of vehicle value. Note that "up to" does not guarantee
the vehicle's full insured value. Also note that standard auto insurers typically
offer £250, £500 and £1000 deductible options. Specialty insurance
providers are able to offer "Agreed Value" coverage, which guarantees the full
insured value of the Classic car. In other words, you and the insurer agree
up front on the value of the vehicle, and this amount is written on the declarations
page of your policy. In the event of total loss, the company is on the hook
for the agreed amount.
You can buy Agreed Value
coverage from specialty providers for generally less than what it typically
costs to buy ACV or Stated Amount coverage through a standard auto insurer.
Classic car insurance rates are typically so low because specialty providers
place certain usage restrictions on insured vehicles, thus limiting the insurer's
risk of loss. The restrictions generally include: limited pleasure driving &
hobby use only (no daily driving, commuting to work, running errands, etc.),
no commercial use, and vehicle must be garage-kept. If you can live with the
usage restrictions, a vintage car policy can truly bring peace of mind and save
money.
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