How Does Insurance Work With A Modified Classic Car?

by Scott HuntOctober 17, 2021,
How Does Insurance Work With A Modified Classic Car?

Many people assume that their standard auto policy will cover their modified classic car, but this is not always the case. Many policies specifically exclude coverage for vehicles with modifications such as custom paint jobs and engine swaps. 

This means that if your modified classic car gets into an accident or is stolen, it may be up to you to pay for damages out of pocket. That is why it is important to make sure your vehicle is insured completely before anything happens.

You might be surprised to learn that several different types of insurance are available for vehicles like yours. Modified car insurance is usually a replacement-cost policy, which means it covers the value of the modified parts on your vehicle. 

It is important to understand your insurance options. Classic car insurance is available for antique, exotic, custom, or historic cars, and the benefits and drawbacks tend to be similar, though there are some key differences between policies.

Insurance companies are not always familiar with the modifications made on your vehicle and may need some help understanding what is required for coverage. This means you might have to work with an appraiser to list and value your modified parts. 

You and your insurer will likely need to agree on the vehicle’s value. This process may take some time, but it is worth the effort to get the right policy for your needs.

You can have confidence knowing that your vehicle is protected by an insurance company that understands what makes these cars special and is specialized in helping you keep them running smoothly for years into the future.

To learn more about different types of car insurance, visit Lakeville motor’s blog section.

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