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  • Hanover car insurance for your vintage car: policy options and costs

Hanover car insurance for your vintage car: policy options and costs

Many people depend on Hanover car insurance vintage car coverage to protect their classic ride

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For over a century, Hanover Insurance Group has been meeting its customers' needs, which is why choosing Hanover car insurance vintage car coverage could be a good choice, espcially if you've spent a lot of your time restoring and maintaining your baby. Getting Hanover auto insurance for your vintage car allows you to protect your investment while also giving you peace of mind.

Unique coverage designed for your investment

Vyou want the right coverage for your classic so consider hanover car insurance vintage car policiesintage car insurance through Hanover is provided by the company's auto insurance provider, Connections Auto Insurance. Hanover's Connections Auto Insurance offers insurance protection against any loss that results from an automobile accident, whether you are at fault for the accident or not. Getting Hanover classic car insurance through Connections is a bit different from getting car insurance for a vehicle you drive regularly. When you get Hanover car insurance for a vintage car, you must pay for the coverage you need based on a different calculation for limits and value. There are many factors that are used to determine exactly how much your car is worth.

Put a blanket of protection over your classic car and get some free vintage car coverage quotes

Determining a baseline value 

The first step you need to take when getting Hanover car insurance for your vintage car is determining your classic car's value. For coverage plans designed for everyday use cars, the value benchmark set for the car is detemined by generally accepted services such as Blue Book to peg a curret market or actual cash value of the car being insured. In general, cars will depreciate in value (some rather rapidly) and these services have determined accepted models for measuring that depreciation in value.

Classic cars are different. Most of them will hold their value over time or even appreciate in value. To set a benchmark value for coverage, you and your insurance proivder will have to come to an agreement on what the value of this casr is. It's what's known as an accepted or agreed-upon value. Your agent will use a number of generally accepted assessment tools to start the process of setting a value. Before meeting with the agent, make sure you collect any vehicle receipts you have to show how much money you've put into your classic car. If you have some record or even a general accounting for the time you've spent restoring or maintaining the car, be sure to include that too.

Be aware of some limitations

hanover car insurance vintage car coverageAfter you and your agent have determined an agreed-upon value for your Hanover car insurance vintage car coverage, there are a few other things you should keep in mind. Connections Auto Insurance may place mileage restrictions on your vintage vehicle, offering just enough mileage for you to periodically take it to car shows, parades and other exhibitions. If you get into an accident driving to or from an exhibition, you should be covered under your policy.

In most states and for most pollicies, you will not be eligible dfor a multi-car coverage discount if your second insured vehicle is your vintage car. One reason is that most multi-vehicle dicounts are designed to give a break to folks and families who routinely have to drive more than one car.

 

Investing in classic cars can be quite expensive, which is why insuring a vintage vehicle is essential. Hanover car insurance vintage car coverage might be a smart option for you and it could help if you could speak to a local, licensed car insurance agent with experience insuring vintage cars and with access to leading companies like Hanover. Reply! can be a great resource for you as we can put you in touch with car insurance agents in your area ready to help you protect your vintage car with all the right coverage you can afford.

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