We understand your passion for your classic car, because we too love cars and own classic cars. We represent several companies that specialize in writing classic/collector car policies. These policies not only offer you better coverage than a standard Auto policy, but are typically less expensive. The main advantage of the classic car policy is that it offers Agreed Value coverage. Standard Auto policies only pay for the ACV or Actual Cash Value, which means they don't pay for collector value and they deduct for depreciation With Agreed Value coverage, the value of your car is set when the policy is issued, and if your car is stolen or totaled in an accident, they pay you the full Agreed Value without any deduction for depreciation.
To qualify for these policies, most companies require the following:
ACE Private Risk Services
AIG Private Client Group
3201 New Mexico Ave NW #300
Washington, DC 20016