When you are the proud owner of a classic car, you must ensure it’s adequately insured. Classic car owners in Wheat Ridge, CO can come to us at CO Insurance Specialist for classic car insurance. 

It’s essential to understand your priorities when you buy classic car insurance. The following are three priorities you should be aware of when you choose a policy. 

Covering the full value of your classic car

It is crucial to assess the value of your classic car and ensure that your policy covers you for its full value. You should also invest in a replacement value policy rather than an actual cash value policy. 

In the event of a total loss, a replacement value policy compensates the policyholders with funds to replace the vehicle completely. This is different from an actual cash value policy, which only compensates the policyholder for the vehicle’s market value at the time of the accident. 

Meeting vehicle insurance requirements in Colorado

Colorado has auto insurance requirements that vehicle owners must meet. The policy requirements for a classic car owner are the same as the policy requirements for the owner of a standard automobile.

To drive your classic car legally on public roads in Colorado, you need to have a policy that has at least $25,000 in bodily injury coverage per individual in an accident. Your policy also needs to have $15,000 in property damage coverage. 

Understanding the details of your classic car insurance policy

You should never purchase an insurance policy that you don’t fully understand. Read over your policy and ask your insurance provider any questions to ensure you understand the coverage you’re getting. 

We will help you focus on these priorities and buy the right policy when you choose classic car insurance in Wheat Ridge, CO. Get in touch with us today at CO Insurance Specialist, and we’ll give you a quote on a policy.