Classic Cars are Both a Hobby and an Investment

When you stop to think about the investment that you have made in your classic car collection, in terms of both money and time, it becomes clear that the appropriate type and insurance level is essential. If you are in the greater Wheat Ridge, CO area, contact CO Insurance Specialist for guidance during your insurance selection process. 

When choosing the correct policy to cover your classic car, be sure to consider the following:

• Is the car stored in a garage full-time
• How many miles, and how far from home is it typically driven each year
• Your previous driving experience and record

Classic car enthusiasts typically enjoy taking their autos out for Sunday drives or to meet up with other drivers at car shows and local rallies. While there are certain restrictions that are in place for coverage of classic cars, the team at CO Insurance Specialist will work with you to find the policy that is appropriate for your needs. Collectors and car enthusiasts require a specialized policy and an agency that understands the intricacies of their investment.

Classic cars that are driven more than approximately 5,000 miles each year can be more difficult to cover, as there is a greater chance for loss. If your situation falls outside of the typical guidelines for obtaining a classic car policy, we will work with you to find a workable alternative whenever possible.

Classic cars are a unique and meaningful asset, and knowing that you have the proper insurance can provide you with a lot of peace of mind. Stop by or call CO Insurance Specialist to learn more about protecting your classic car in the greater Wheat Ridge, CO area. 

If you own a vehicle in Wheat Ridge, CO, you should already know that you need to have auto insurance before you drive it anywhere. Having this coverage is something that is required by law in the state. However, there are some people who want to have more than the minimum state coverage so they can be better protected. If this is the case for you, use this guide from CO Insurance Specialist to find the right amount of coverage for you. 

• Make sure you at least have the state minimum requirements. If you do not have the minimum coverage, you could end up in some legal trouble as a result. Verify you at least have this coverage at a minimum. 
• Consider getting coverage to match the value of your vehicle. If you have a newer vehicle or one that has a higher value associated with it, you may want to consider getting enough coverage to match the value of it in case anything were to happen. 
• Explore different deductible limits. Higher deductibles usually mean lower premiums and you can get more coverage if you can handle a bigger deductible. Do not opt for a higher deductible if you cannot afford to pay for it, however, or you could find yourself in some financial trouble.

If you are still not sure just how much coverage you should have or if you would like to take a look at your current policy, be sure to reach out to us today here at CO Insurance Specialist, serving Wheat Ridge, CO. We will take a look at your policy to make sure there are no gaps in coverage and can even help you find a new policy that meets your needs and your budget. 

Driving in Wheat Ridge, CO is a privilege, not a right. In order to be allowed to operate an automobile on the streets and highways of the state, you must prove you are responsible This means you:

• Maintain a safe vehicle
• Have a current and legal drivers license
• Insure the automobile to at least the state minimum coverage

Check with your insurance agent. You will be shocked at how low the coverage amount really is.

Does This Mean You Are Covered?

The answer is (almost always), partially. CO Insurance Specialist serving Wheat Ridge, CO explains. If your car was damaged the minimal coverage will usually pay enough to cover the damages. However, if the car is totaled, it probably will not pay enough to replace the car. Even if your car was very carefully cared for and in perfect condition you will be paid the blue book value of your car, which is rarely enough to replace it.

If you sustain minor injuries, there is enough coverage for treatment. However, if you are hurt seriously, your hospital stay, surgeries, therapy, and medical needs can easily go into the hundreds of thousands of dollars. In short, you can find yourself in financial and physical trouble very quickly.

So, What Can You Do?

Colorado Insurance Specialist. They can show you how to add uninsured or underinsured coverage to your policy at a very reasonable price. This is your safety net. This is how you make sure you have protection and peace of mind for your family.

What You Need To Know

All insurance companies are not created equally. Some will try to twist things around to save their company money. CO Insurance Specialist has been in business since 1988. They will gladly answer your questions. You can visit them online or give them a call. They can show you what you are missing and help you find the right coverage.

 

Vandalism is a common problem for people who live in larger cities, but not so much in smaller towns and communities. Although it can happen anywhere, many people don’t fully protect their vehicles from this type of damage. The agents of CO Insurance Specialist serve the residents of Wheat Ridge, CO and the surrounding communities. When you contact their office to inquire about auto insurance, they can help you find the best policy for your individual needs.

What Type of Damage Is Considered to Be Vandalism?

Vandalism can include a wide variety of damages, including:

• Scratches from keys or other metal objects
• Broken windows
• Spray paint 
• Broken mirrors
• Damaged bumpers
• Stolen tires or other car parts

While there are other types of vandalism, these are the most commonly reported. Many of these are covered by comprehensive auto insurance policies, but not under collision or policies that provide minimum coverage.

How Do I Know If I’m Covered?

It’s important to know what type of policy you have before you experience any type of vandalism. If you aren’t sure what is covered under your policy, you need to talk to your insurance agent. They will go over your policy with you so that you understand what is and is not covered. In most cases, having a comprehensive policy will cover most types of damage whether they were caused by an accident or not.

If you’re concerned about vandalism and want to learn more about comprehensive auto insurance coverage, call CO Insurance Specialist today and speak to a reputable agent. They provide service to many residents living in or near the Wheat Ridge, CO area. Don’t risk having the coverage you need. Call their office today for an insurance evaluation.

The agents at your local CO Insurance Specialist are here to help you keep your classic car protected, whether you have it at home, on the road, or in a storage facility. We are dedicated to meeting all of the insurance needs of our clients in the greater Wheat Ridge, CO area, whether they require coverage for their home, boat, recreational vehicle or classic car. Owning a classic car can take a lot of commitment and investment, especially if you opt to restore a car to its original condition. In many ways, classic cars are a lot more than just a hobby, but also an investment of both time and money. 

Having your classic car stored at a facility rather than at your home might change some of the coverage that you may otherwise have in place with your homeowner’s policy. It is important that the proper coverage is in place, ideally before you relocate that automobile to the offsite storage facility. Classic cars generally require additional insurance coverage, even when kept at the owner’s primary residence, and it is important that your classic car has the adequate level of insurance coverage in place.

Classic cars are often irreplaceable due to the scarcity of older cars, and their value often exceeds the limit of single-item coverage levels that are associated with primary homeowners’ policies. Do not let an incident at your storage facility destroy your classic car and all of its value!

If you are considering adding a classic car to your collection or would like to review the coverage of your current fleet to ensure that is adequate, the agents at CO Insurance Specialist are available to meet the needs of classic car collectors in the greater Wheat Ridge, CO area.

When it comes to putting insurance on your car, there are many things to think about. First and foremost, you need to take into consideration the level of coverage that you need based on local laws and regulations. For example, some states require by law for you to have a certain level of coverage. On the other hand, some states don’t have this requirement in place. And while you might think that it will cost more to insure a new car, there are actually several other factors that will influence that amount of money that you pay for coverage. 

Do you have traffic violations?

The more traffic violations you have on your record, the more you are going to pay for insurance coverage, and this especially applies if you have violations related to driving while under the influence of alcohol or drugs. Having speeding tickets on your driving record will also negatively impact the amount you pay for insurance. This is why it is so important for you to be careful and cautious while driving and do your best to avoid getting any traffic violations. 

Do you have a lien on your new car?

Another factor that will impact the level of coverage you need on your new car is whether or not the car is financed. If it is financed through a lender, then the lender will likely mandate that you keep full coverage insurance on the car. If it is not financed, then you may be able to get away with only a minimal amount of coverage. Still yet, a new car deserves to be properly protected with full coverage. 

To learn more about putting insurance on a new car, please don’t hesitate to reach out to CO Insurance Specialist serving the Wheat Ridge, CO area.