Don’t buy a traditional car insurance policy if you won a classic or custom car. You don’t want to do so because they offer you less coverage when your vehicle is damaged, and they cost more money. Avoid getting any stated value auto insurance New Hampshire provides if you have a classic or custom vehicle in your garage.
You want to get an appraisal so that you have the documentation you need to get the right kind of policy: an agreed value auto insurance policy. The insurance company will send an appraiser to appraise your vehicle, and you want to avoid that.
The appraiser from an insurance company likely is not very experienced in appraising classic or customer vehicles, and they probably don’t have access to an extensive up-to-date database of comparable sales, unlike our independent appraisers.
With a stated value insurance policy, you are not guaranteed to get the same amount of money that you insure the car for. These types of policies have clauses that state you will get whichever is less: the cash value of the vehicle or the amount you’ve insured it for. This is another reason to get an independent appraisal of your car done. If an insurance appraiser appraises your vehicle, you’ll likely wind up with a lower cash value assigned to your vehicle than what it is truly worth.
Your appraisal can help you find the best agreed value coverage. Premiums will be less with this type of policy in most cases than with a stated value policy. You don’t drive your classic or custom vehicle every day, and it likely stays in a garage or other secure storage facility.
An agreed value policy gives you what your premiums are paying for: the agreed value of your vehicle. The appraisal helps you easily get quotes from agreed value insurance companies that can give you the right kind of coverage to protect your investment.
For a professional appraisal that you can use to get the best agreed value policy for your vehicle, contact us. We will provide you with a thorough appraisal that takes into consideration all of your customizations and that will give you an accurate market value for the vehicle. Avoid buying the stated value insurance New Hampshire offers, and get an appraisal from us to submit to an agreed value policy company today. This will help you protect your investment by providing you with an accurate and complete appraisal.