SERVICES OFFERED
BY HYMAN LTD. CLASSIC CARS
Insurance for your Classic Car
Many companies now offer insurance programs for the auto collector. These companies offer substantial benefits and should be carefully considered as an alternative to using your family insurance agent. Collector car insurers understand that most collector cars are not driven often, are almost always garaged, are lovingly cared for, rarely used for transportation and also understand that in case there are claims that these cars require specialty repair shops to carry out the work. With this in mind, specialty car insurers offer significant discounts to vintage auto enthusiasts. One of the major advantages offered by some classic auto insurers is referred to as stated value coverage. Put simply, stated value coverage means that in the case of a total loss the insurer will pay you the value of the car that you have been paying premiums on. Some insurers will pay to "up to" the value you have been paying premiums on. This is an important distinction and one that should be considered when choosing insurers.
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