333 Centerville Rd,
Warwick, RI 02886
Do you have a classic car? Then you should know that your classic car may not be adequately protected under a traditional Rhode Island auto insurance policy. An auto insurance policy only looks at the fair market value of the vehicle, which may be significantly less than a car that you have restored and properly handled. Valuing a classic car for insurance purposes can be challenging. The Slocum Agency, Inc., serving the Warwick, RI area, have a few tips we recommend to value your classic car properly.
One of the best tips for properly valuing your classic car is to get the car appraised by an expert. An expert will be able to determine what the value of your classic car is in its current condition and what similar classic cars sell for. This can be important when buying a classic car auto insurance policy.
When you are having work done on your classic car, be sure to keep all of your receipts. This includes having work done to restore the car or for replacement parts. All of these receipts can prove what work was done and can determine the value of the work or parts if you need to file a claim.
Lastly, be sure to take plenty of pictures of your classic car. This will be useful in showing the exact condition of your car. It shows if there are any dings, dents or scratches, what work has been done, and what parts may have been installed on your car.
When you need Rhode Island classic car insurance, The Slocum Agency, Inc. in Warwick, RI would love to help you. Call us today to schedule an appointment to sit down and discuss your classic car insurance needs.