Vintage cars can be extremely hard to insure because average insurance companies don’t know how to rate their value. However, Agency Advantage Insurance can help a West Bloomfield, MI car aficionado keep their beloved vehicle on the road and protected.
Old cars that become collectibles have two things working against them in the insurance world: they are not being sold on the regular car market anymore, and few people have them. That makes it extremely hard for insurance companies just to run standard charts and metrics on a vintage car because then the value becomes far more subjective, i.e., how much does a collector want for the car in replacement value versus what it’s worth in material value. Most insurance companies won’t take the owner’s estimate for a risk value, but they will acknowledge the valuation review of a licensed appraiser. Knowing how to secure one and then getting the right paperwork to the insurance provider is key to securing a protective policy for an older car.
Given it’s proximity to the car manufacturing capital of the world (Detroit), West Bloomfield, MI is a very likely place for older cars to be found. And that’s the reason why Agency Advantage Insurance has developed expert staff who are familiar with the vintage car appraisal process and how to develop the right documentation insurance providers will be comfortable with and provide a coverage policy for. Granted, people can try to strike out on their own with online options today, but many Internet evaluations will make it clear they will not consider cars older than the 1970s.
Why go through all that trouble? If you have a vintage car that needs insurance give the folks at Agency Advantage Insurance a call today.