Securing the Right Value for Your Classic Car

No one desires the Kelly Blue Book value for their classic car. If you store your classic, antique, or vintage car in Mapleton, UT, or anywhere in the state, Maple Mountain Insurance Services can assist you in obtaining insurance for an agreed value closer to the market value of your collectible car.

This implies that if your car were totaled, you would receive the agreed value, not the blue book value, minus your deductible. You can also acquire certain types of coverage that are not available with a standard auto policy, such as insurance while transporting your car to shows, comprehensive at shows, and medical coverage for guests in your vehicle when you are driving it off-road, in the parking lot, or at the show.

Understanding Agreed Value

Agreed value differs from cash value in that you and the insurance company agree that your car appreciates in value, not depreciating. The agreed value differs from your stated value in that it’s the number on which you and your company agree on the amount of coverage.

Obtaining coverage for agreed value isn’t easy. Maple Mountain Insurance Services represents the companies that offer it.

Conditions for Agreed Value Coverage

Agreed value coverage may come with some conditions that do not apply to other policies. For example, you may be required to keep your car in a locked garage when you are not driving it. You will be expected to use your vehicle as a show car, not for commuting or business.

Coverage for agreed value costs slightly more than the same amount for cash value. But you have the assurance that your investment in the car, motorcycle, or military vehicle you love is protected. Contact Maple Mountain Insurance Services today for the coverage you need!