Most classic car owners store their vehicles for part of the year. After all, there is little reason to drive a classic car through winter road conditions or heavy early spring rain.
The challenge comes with knowing how to properly insure a classic car while it is in storage. Magic City Insurance Group, serving Birmingham, AL, has guidance to help protect your investment.
How to Insure a Classic Car in Storage
When a classic car is in storage, several risks still exist. The vehicle could be broken into, damaged by a collapsing structure, infested with rodents or insects or impacted by falling debris, such as tree limbs or severe weather.
These risks make insurance just as important during storage as when the vehicle is on the road. Homeowners or renters insurance typically does not cover damage to stored vehicles, even if the damage is minor.
Classic car insurance is designed to address these concerns. In particular, the comprehensive portion of a classic car policy helps protect your vehicle from non-driving risks, including theft, vandalism, weather damage, and other unexpected events while the car is stored.
The Risk of Storing a Vehicle Without Insurance
If you allow your classic car insurance to lapse while the vehicle is in storage, you risk facing significant out-of-pocket expenses if damage occurs. Even worse, stopping and restarting coverage can create gaps in your insurance history.
Insurance providers often view coverage gaps as an increased risk, which can lead to higher premiums in the future. The rate you receive when you first purchase a policy is not guaranteed to remain the same, and maintaining continuous coverage can help keep costs more stable over time.
Connect With Magic City Insurance Group LLC Today
If you live or drive in the greater Birmingham, AL area and own a classic vehicle, Magic City Insurance Group LLC is ready to help you find the right coverage. Call 205-679-0070 today to request your personalized classic car insurance quote.
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