Getting car insurance for your antique collector’s car is not the same as buying insurance for your everyday car. The insurance for collector’s cars is different than other auto insurance. Every antique car collector should know a few things about antique car insurance.
First, your state is going to have specific laws as to how old your car has to be to qualify for antique car insurance. The age is usually at least fifteen years. Also, in order to qualify for antique car insurance you must have another car that you use as your regular car, and a garage to park your antique in.
Collector’s policies are important because of the different types of coverage offered. Traditional car insurance pays the actual cash value of the vehicle. Actual cash value is the cost of replacing the car minus the cost of depreciation. This is a poor choice for antique car owners, because it does not incorporate the appreciation of a collector’s item. Another form of traditional car insurance covers the stated value of the car. In this type of coverage, the insurance company pays what the car is stated to be worth.
Antique car insurance is a specialty insurance that pays the agreed value of the car. This way the owner will receive the full value of the car as a collector’s item. And, antique car insurance usually costs less than traditional car insurance. It’s a win-win situation for the car collector! A little education can save the antique car owner a lot of money and frustration when purchasing car insurance for their collectible
Saturday, January 3, 2009
Thursday, November 27, 2008
CAR INSURANCE ALL YOU NEED TO KNOW
One of the most important aspects of insurance to consider, are the consequences of drugs or alcohol. It needs to be made absolutely clear that operating a motor vehicle while under the influence of drugs or alcohol is classified as negligence, and under no circumstances will any insurance company cover you in such a case. Additionally, if an insurance company is made aware of the fact that you were under the influence of drugs or alcohol at the time of an accident, your policy could in all probability become null and void. One should also understand that companies base their decisions according to the law, so even if you were not visibly intoxicated, if you were over the legal limit, you will not be covered. Beware because there are no exceptions to this rule.
No matter which insurance company you choose, they all offer what is known as "Third Party Insurance", which is in essence, a liability cover. The purpose of this insurance is to cover the costs, or part thereof, for damages or injury sustained in an accident for which you were at fault. Depending on your specific policy, the amount of coverage available from the insurance company can vary significantly. In order to avoid unwelcome surprises, you are strongly advised to read all the fine print and to make sure you understand all the relevant details before accepting a policy. This is the minimum level of insurance required in order to operate a motor vehicle on public roads but also keep in mind, third party insurance does not include cover for damage to your own vehicle. In order to have your own vehicle covered as well, you'll need to take out a policy known as "Fully Comprehensive Vehicle Insurance" which does of course also come at a higher cost. Furthermore, if you drive an expensive high end vehicle fitted with costly sound systems and other electronic gadgetry, you would be well advised to consider "Third Party, Fire & Theft" insurance.
What You Need to Know About Comprehensive Insurance
As the name implies, comprehensive insurance is in short, a full insurance which will cover you for nearly every imaginable tragedy. In the unfortunate event of an accident, comprehensive insurance provides cover for not only for you and your passengers, but also for any pedestrians or passengers in the other vehicle or vehicles. This policy gives you peace of mind in knowing that your insurance company will responsible for the medical or funeral expenses resulting from an accident. In addition to covering these expenses, comprehensive insurance will also cover you against theft or other such unfortunate events. Having read through the various insurance options available to you, it is apparent that the biggest savings are to be had if you limit yourself to third party insurance only. However, one needs to consider various aspects before arriving at a decision. If for example, you live in an area with a high crime rate there will be a stronger possibility of having your car stolen, so in this case you will probably want to be covered against theft. Likewise, if you have already had a few accidents in the past, comprehensive insurance may well be your best option
No matter which insurance company you choose, they all offer what is known as "Third Party Insurance", which is in essence, a liability cover. The purpose of this insurance is to cover the costs, or part thereof, for damages or injury sustained in an accident for which you were at fault. Depending on your specific policy, the amount of coverage available from the insurance company can vary significantly. In order to avoid unwelcome surprises, you are strongly advised to read all the fine print and to make sure you understand all the relevant details before accepting a policy. This is the minimum level of insurance required in order to operate a motor vehicle on public roads but also keep in mind, third party insurance does not include cover for damage to your own vehicle. In order to have your own vehicle covered as well, you'll need to take out a policy known as "Fully Comprehensive Vehicle Insurance" which does of course also come at a higher cost. Furthermore, if you drive an expensive high end vehicle fitted with costly sound systems and other electronic gadgetry, you would be well advised to consider "Third Party, Fire & Theft" insurance.
What You Need to Know About Comprehensive Insurance
As the name implies, comprehensive insurance is in short, a full insurance which will cover you for nearly every imaginable tragedy. In the unfortunate event of an accident, comprehensive insurance provides cover for not only for you and your passengers, but also for any pedestrians or passengers in the other vehicle or vehicles. This policy gives you peace of mind in knowing that your insurance company will responsible for the medical or funeral expenses resulting from an accident. In addition to covering these expenses, comprehensive insurance will also cover you against theft or other such unfortunate events. Having read through the various insurance options available to you, it is apparent that the biggest savings are to be had if you limit yourself to third party insurance only. However, one needs to consider various aspects before arriving at a decision. If for example, you live in an area with a high crime rate there will be a stronger possibility of having your car stolen, so in this case you will probably want to be covered against theft. Likewise, if you have already had a few accidents in the past, comprehensive insurance may well be your best option
BEFORE YOU TOW YOUR CARAVAN GET IT INSURED
While touring caravan insurance is not a necessity for you to take your caravan and tow it behind your car, without it you could lose everything if you should have an accident and the caravan was destroyed. Not only this, there is also the possibility of fire, theft of the caravan, theft of belongings and damage caused by such as fire and flooding once you have arrived at your destination. Insurance does not have to cost a lot each month if you allow a specialist broker to search around for the insurance on your behalf. You can then go over the quotes in your own time, compare them and seek out the best insurance deal for your needs.
When considering touring caravan insurance and comparing the quotes found by a specialist broker you would have to make sure that you were comparing cover that offers the same. This means that each policy compared for the cost of premiums would come with the same level of excess; the same new for old protection e.t.c, and this would be the only fair way to compare.
Some insurance companies offer new for old or what is also known as the market value cover. This means that if your caravan is within a certain age limit and if it was totally destroyed you could get a brand new replacement in the event that it was damaged beyond repair. Market value cover means that the insurance company would pay out the current value of the caravan. When taking this into account when applying for insurance you would need to ensure that you have not only the caravan covered but also any accessories.
All insurance would come with excess built into the insurance. This is the sum of money that you would have to find to put towards the claim if you made one. If you want to keep down the cost of the premiums for insurance you can choose to payout more in excess. However while you would save on the premiums each month you would have to payout the excess before claiming so this is worth considering especially if you choose a high amount of excess.
Your no claims bonus would go towards saving you money on your touring caravan insurance. If you are an experienced driver and have no claims bonus then you are seen as a safer driver and this could be taken into account when towing the caravan and so help to keep down the cost of the premiums.
The more secure your caravan is the cheaper you will get the insurance. If you payout for extra security features such as steering locks, alarms for the doors and windows along with a tracking device the cost of insurance can drop. Take a look at some of the insurance websites as they often list well known manufacturers of security equipment and installing these can save you more than installing a cheaper brand. Finally if you have a stability system for towing your caravan then this too could also help you to make huge savings on the cost of touring caravan insurance.
When considering touring caravan insurance and comparing the quotes found by a specialist broker you would have to make sure that you were comparing cover that offers the same. This means that each policy compared for the cost of premiums would come with the same level of excess; the same new for old protection e.t.c, and this would be the only fair way to compare.
Some insurance companies offer new for old or what is also known as the market value cover. This means that if your caravan is within a certain age limit and if it was totally destroyed you could get a brand new replacement in the event that it was damaged beyond repair. Market value cover means that the insurance company would pay out the current value of the caravan. When taking this into account when applying for insurance you would need to ensure that you have not only the caravan covered but also any accessories.
All insurance would come with excess built into the insurance. This is the sum of money that you would have to find to put towards the claim if you made one. If you want to keep down the cost of the premiums for insurance you can choose to payout more in excess. However while you would save on the premiums each month you would have to payout the excess before claiming so this is worth considering especially if you choose a high amount of excess.
Your no claims bonus would go towards saving you money on your touring caravan insurance. If you are an experienced driver and have no claims bonus then you are seen as a safer driver and this could be taken into account when towing the caravan and so help to keep down the cost of the premiums.
The more secure your caravan is the cheaper you will get the insurance. If you payout for extra security features such as steering locks, alarms for the doors and windows along with a tracking device the cost of insurance can drop. Take a look at some of the insurance websites as they often list well known manufacturers of security equipment and installing these can save you more than installing a cheaper brand. Finally if you have a stability system for towing your caravan then this too could also help you to make huge savings on the cost of touring caravan insurance.
Car Hire Insurance Packages and Travelling Abroad
Consumer advice as to why the insurance policies offered at the car hire desk can be worth taking when travelling in foreign countries.
The car hire desk can be one of the most confusing and laborious elements when on holiday. The sheer range of considerations and optional extras offered often leaves the consumer befuddled. While it may be easier to simply switch off and get to the car as quickly as possible there are a number of additions to the car hire agreement that should be considered. Of particular importance are the extra insurance options that are available from the rental firm, in some cases the penalties and excess charges can be astronomical hence having cover is extremely useful.
Some car hire firms can charge excess at around a thousand pounds if the rental vehicle is involved in an accident. Travellers may be especially scared of such charges but it is important not to be bullied into taking such extras, it is often worth checking existing motor insurance policies and the cover provided by a credit card before purchasing more insurance. If this cover is inadequate however, it is often advisable to take the rental firms cover, after all, no one can predict the future and having cover for unforeseen circumstances will help travellers to relax and enjoy their holidays.
Typically the best type of cover to obtain is the damage waiver. In most cases this will cover the customer should the vehicle become damaged in any way, for instance in an accident or whilst parked. While in some cases an excess will still be applied, with the waiver this excess will be considerably less. It is always advisable though to make a detailed check of the hire car before leaving the rental depot, even with a damage waiver it is important to let the company know of any damage to the car before departure, by doing this the chances of being charged for damage are negated.
In many countries across Europe and in the United States it is often essential to take some form of personal accident insurance when hiring a vehicle. These countries rarely have a nationalised health service and hence any medical treatments will result in charges. This form of insurance does not always have to be purchased from the rental desk, most travellers will have some form of private medical insurance, although it is usually advisable to check whether this will cover accidents and injuries abroad, if it does not, the hire desk is probably the best solution.
In addition to the damage waiver and accident insurance it is usually worthwhile taking some form of belongings cover. Typically if this obtained from the car hire company this will cover theft of belongings from the vehicle; as the loss of items such as passports and plane tickets can be extremely costly, especially when it comes to replacing such items, having cover for this situation is essential.
Hopefully this article has put forward some of the different types of insurance that are available from the car hire desk. While it is in no way a comprehensive list, it does give some idea of the importance of insurance cover whilst travelling. Without cover, unforeseen circumstances can easily ruin a holiday, with cover; even the most disastrous of events can be put into perspective, allowing the traveller to salvage some semblance of enjoyment from their trip. So before jumping straight into the hire car, consider the insurance packages on offer and assess whether it will be foolhardy to leave the rental depot without effective cover.
The car hire desk can be one of the most confusing and laborious elements when on holiday. The sheer range of considerations and optional extras offered often leaves the consumer befuddled. While it may be easier to simply switch off and get to the car as quickly as possible there are a number of additions to the car hire agreement that should be considered. Of particular importance are the extra insurance options that are available from the rental firm, in some cases the penalties and excess charges can be astronomical hence having cover is extremely useful.
Some car hire firms can charge excess at around a thousand pounds if the rental vehicle is involved in an accident. Travellers may be especially scared of such charges but it is important not to be bullied into taking such extras, it is often worth checking existing motor insurance policies and the cover provided by a credit card before purchasing more insurance. If this cover is inadequate however, it is often advisable to take the rental firms cover, after all, no one can predict the future and having cover for unforeseen circumstances will help travellers to relax and enjoy their holidays.
Typically the best type of cover to obtain is the damage waiver. In most cases this will cover the customer should the vehicle become damaged in any way, for instance in an accident or whilst parked. While in some cases an excess will still be applied, with the waiver this excess will be considerably less. It is always advisable though to make a detailed check of the hire car before leaving the rental depot, even with a damage waiver it is important to let the company know of any damage to the car before departure, by doing this the chances of being charged for damage are negated.
In many countries across Europe and in the United States it is often essential to take some form of personal accident insurance when hiring a vehicle. These countries rarely have a nationalised health service and hence any medical treatments will result in charges. This form of insurance does not always have to be purchased from the rental desk, most travellers will have some form of private medical insurance, although it is usually advisable to check whether this will cover accidents and injuries abroad, if it does not, the hire desk is probably the best solution.
In addition to the damage waiver and accident insurance it is usually worthwhile taking some form of belongings cover. Typically if this obtained from the car hire company this will cover theft of belongings from the vehicle; as the loss of items such as passports and plane tickets can be extremely costly, especially when it comes to replacing such items, having cover for this situation is essential.
Hopefully this article has put forward some of the different types of insurance that are available from the car hire desk. While it is in no way a comprehensive list, it does give some idea of the importance of insurance cover whilst travelling. Without cover, unforeseen circumstances can easily ruin a holiday, with cover; even the most disastrous of events can be put into perspective, allowing the traveller to salvage some semblance of enjoyment from their trip. So before jumping straight into the hire car, consider the insurance packages on offer and assess whether it will be foolhardy to leave the rental depot without effective cover.
Tuesday, November 18, 2008
Tips for getting cheap car insurance online
If you are looking for cheapest car insurance and more information or doing that little bit of extra research online before purchasing a cheapest car insurance policy, then you're in the right place. While the web can be a time-saving tool in the search for the online cheapest car insurance quote, it is important to be aware of some of the pitfalls found in the world of online cheapest car insurance. Because generally cheap car insurance is for insuring safe drivers, therefore cheapest car insurance is for motorists with four years or more no claims discount. You should check the cheapest insurance group of a new car before you buys. Whatever your budget, car insurance is something you don't want to waste extra your pennies on it. Keeping a car on the road can be an expensive business, so cheapest car insurance is one way of trimming the overall cost of motoring.
Insurance
The lower the group, the cheaper your car insurance quotes. When shopping for cheapest car insurance there is a danger of being dazzled by the array of discounts on offer. If you have a claim-free driving history, you will be entitled to a no claims discount, which could result in a cheapest car insurance quote. Cheapest car insurance is available online, but again motorists need to beware of attention-grabbing headlines and prices that mask inadequate protection in car insurance policy. There are so may car insurance companies online that provides cheapest car insurance with a range of benefits including discounts and fast approval on valid claims.
Conclusion For Cheapest Car Insurance
Therefore it is advisable to search maximum car insurance companies online for cheapest car insurance.
Do not tempted by high claims and enticing offers but instead go in details of terms and conditions.
Do remember to mention your past no claims or good track record because that you will entitle you for cheapest car insurance.
Insurance
The lower the group, the cheaper your car insurance quotes. When shopping for cheapest car insurance there is a danger of being dazzled by the array of discounts on offer. If you have a claim-free driving history, you will be entitled to a no claims discount, which could result in a cheapest car insurance quote. Cheapest car insurance is available online, but again motorists need to beware of attention-grabbing headlines and prices that mask inadequate protection in car insurance policy. There are so may car insurance companies online that provides cheapest car insurance with a range of benefits including discounts and fast approval on valid claims.
Conclusion For Cheapest Car Insurance
Therefore it is advisable to search maximum car insurance companies online for cheapest car insurance.
Do not tempted by high claims and enticing offers but instead go in details of terms and conditions.
Do remember to mention your past no claims or good track record because that you will entitle you for cheapest car insurance.
Sunday, November 16, 2008
Online Car Insurance - How to Find the Best Quotes
Looking for online car insurance? Here's are five tips that can help make it easier to find savings and the right quotes.
1. Get some information ready. You'll want to be prepared to provide information about your vehicles, such as make and model, each driver (including Social Security numbers), and the coverages and deductibles you'll want. If you already have an auto insurance policy, and are just shopping around to look for a better deal (a good idea), just have your policy declarations page handy.
2. Get at least three quotes from different companies. Auto insurance rates vary from company to company, so you want to check out a few different quotes to see who may save you the most.
3. Identify the companies you want to get quotes from. You can get a list of car insurance companies that do business in your area from your state's insurance department. Or, many people find it more convenient to use an insurance comparison site. With a comparison site you can provide your information once, and then you'll get back several quotes from different companies and agents.
4. Take notes about your quotes to help you compare and decide. You can just jot down information on a sheet of paper, or use a car insurance quote comparison sheet like this.
5. When you've found a quote you like, you may want to check the company's financial stability. There are several organizations that rate insurance companies, including Weiss, Standard & Poor's and A.M. Best. Visit their Web sites to get more information. You can also check with your state's insurance department to see if there have been any complaints about the company.
Remember, there are additional ways to lower your insurance costs. When you are looking for quotes, ask about available discounts such as multi-policy, Anti-lock Brake Systems (ABS), anti-theft devices, low mileage, good student and more.
Also, you can lower your premium by increasing your deductibles on collision and comprehensive coverages. Of course you want to be sure you can come up with the deductible in the event of a claim.
1. Get some information ready. You'll want to be prepared to provide information about your vehicles, such as make and model, each driver (including Social Security numbers), and the coverages and deductibles you'll want. If you already have an auto insurance policy, and are just shopping around to look for a better deal (a good idea), just have your policy declarations page handy.
2. Get at least three quotes from different companies. Auto insurance rates vary from company to company, so you want to check out a few different quotes to see who may save you the most.
3. Identify the companies you want to get quotes from. You can get a list of car insurance companies that do business in your area from your state's insurance department. Or, many people find it more convenient to use an insurance comparison site. With a comparison site you can provide your information once, and then you'll get back several quotes from different companies and agents.
4. Take notes about your quotes to help you compare and decide. You can just jot down information on a sheet of paper, or use a car insurance quote comparison sheet like this.
5. When you've found a quote you like, you may want to check the company's financial stability. There are several organizations that rate insurance companies, including Weiss, Standard & Poor's and A.M. Best. Visit their Web sites to get more information. You can also check with your state's insurance department to see if there have been any complaints about the company.
Remember, there are additional ways to lower your insurance costs. When you are looking for quotes, ask about available discounts such as multi-policy, Anti-lock Brake Systems (ABS), anti-theft devices, low mileage, good student and more.
Also, you can lower your premium by increasing your deductibles on collision and comprehensive coverages. Of course you want to be sure you can come up with the deductible in the event of a claim.
Car Insurance - Is It A Necessity?
Car insurance to some people, is a necessity while to some, it is not. In my earlier article on “A look at Life Insurance” you will be quite convinced that life insurance is a necessity for a family. Like wise, car insurance is a necessity for every car owner. By the definition of accident, no car is free from road mishaps. Also, no car can be hundred percent protected from car theft. Since we live in an unsecured world, our cars are also not equally not secured. Thus, we all need car insurance or auto insurance to help protect our car from unforeseen circumstances which may lead to permanent loss of a car.
Not only this, some car insurance not only protects the car. Most car insurance equally insures the victims of such car mishap. It all depends on the policy of the car insurance or auto insurance company. With all these benefits one will derive from car insurance, will you still view car insurance as unimportant, a luxury or a necessity.
Actually, anyone who drives a car runs the risk of liability for an accident. Nobody prays for an accident. We all know that car accidents can not easily be avoided. Thus, we need a little bit of security for our cars. The only way we will get this type of security is by insuring our car.
As a matter of fact, every individual should see car insurance as a necessity not a luxury. As you contemplate on this articles, try and understand the policy of the car insurance company which you will demand their service.
Don’t because of car insurance drive recklessly. Always drive safe.
Not only this, some car insurance not only protects the car. Most car insurance equally insures the victims of such car mishap. It all depends on the policy of the car insurance or auto insurance company. With all these benefits one will derive from car insurance, will you still view car insurance as unimportant, a luxury or a necessity.
Actually, anyone who drives a car runs the risk of liability for an accident. Nobody prays for an accident. We all know that car accidents can not easily be avoided. Thus, we need a little bit of security for our cars. The only way we will get this type of security is by insuring our car.
As a matter of fact, every individual should see car insurance as a necessity not a luxury. As you contemplate on this articles, try and understand the policy of the car insurance company which you will demand their service.
Don’t because of car insurance drive recklessly. Always drive safe.
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