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Jack Perry
Jack Perry is the owner of the Benton Antique Mall & Restaurant in Benton, KS. His interest in cars began in 1960 when he started working in his father's service station at the age of twelve. Since then, his passion for cars has continued to grow, owning over 1000 collector cars ranging from street rods to classics and everything in between. As part of his business, he continues to buy and sell collector cars around the world and at numerous major auction venues around the country. You can reach Jack at (316)778-1700 or e-mail at: twomoonrodshop@powwwer.net
Antiques & Collectibles
2003-10-01 09:00:00
Special insurance for classic cars?
: Is there special insurance for classic cars, custom cars and street rods? Is there a mile restriction for insuring this type of car?
ANSWER: Yes, there are companies out there that specialize in automobile insurance for classic and collectible vehicles.  Probably the most noted company among classic car collectors is Hagerty Collector Car and Boat Insurance out of Traverse City, Michigan.  Companies such as Hagerty require the insured person to also have insurance in effect on a regular-use vehicle that is used for daily driving.  The vehicles that they insure must be used on a limited basis consistent with the operation of something valuable, such as club functions, exhibitions, organized meets, tours, and limited pleasure driving.  Other national auto insurance companies also offer some insurance for classic vehicle.  Restrictions for their insured vehicle may be somewhat stricter including mileage limitations for the vehicle being insured.  Most of the "every-day" automobile insurers require a current vehicle appraisal from a reputable company or documentation supporting the amount of money spent restoring a vehicle before a policy can be issued.  Some companies will allow you to set a certain replacement value for a vehicle and pay the premiums accordingly to that set value.  Check with your local agent as each companies’ restrictions and rates will vary.
 
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