For the 10^th consecutive year, auto enthusiasts will celebrate National Collector Car Appreciation Day—an occasion created by the Specialty Equipment Market Association (SEMA) to highlight the American cultural phenomenon that is car restoration and collection. But whether you plan on taking yours to a car show on Friday, July 12 or if it will remain safely in the garage, consider if you are doing everything you can to protect it. For example, did you know there is special classic car insurance? Below is a quick guide to this kind of coverage.

What Do Insurers Consider a Classic Car?

Classic car insurance is a bit more elaborate than a traditional auto policy, and there are certain criteria that must be met to qualify for coverage. Specific requirements may vary depending on the provider, but generally, a vehicle must be at least 25 years old to be considered a collectible. The driver will also need to be 25 years or older and have a relatively clean driving record. Additionally, the car has to be in good condition with no body damage, stored out of the elements in an enclosed and secured structure, and only used on a limited basis. 

Types of Coverage Available 

Similar to standard auto insurance, classic car policies typically include liability, collision, comprehensive, and medical payments coverage. It’s also possible to add uninsured motorist protection, roadside assistance, auto show medical reimbursement, spare parts coverage, and traveling coverage. The biggest difference from regular car insurance is that, should you experience a total loss, your insurer will pay out an agreed value replacement, which is an amount you decide on when your policy is purchased. 

Why It’s Essential 

If you will be driving your classic car on public roads, you are legally responsible for having liability coverage. Without it, you would be liable for paying all medical and legal costs incurred as a result of the collision out-of-pocket, besides those your own vehicle sustains. A classic car policy would cover all your expenses and allow you to afford original replacement parts.

When it comes to protecting your collector vehicle, a regular car insurance policy won’t suffice. Let the professionals at Comaltex Insurance Agency in New Braunfels, TX, help you secure the right coverage. With more than 70 years of industry experience, they understand that there’s no one-size-fits-all insurance solution and will work diligently to pair you with the products best suited to your unique needs. As an independent agency, they are able to partner with a variety of trusted insurers to provide you with the most competitively-priced plan available. Call (830) 625-7511 to request a quote or visit them online to learn more about the services they offer.