JOURNAL ARTICLE

Driving Passion, Protecting Value: What Every Agent Should Know About Collector Vehicle Insurance.

  • Published In: Insurance Journal, 2025, v. 103, n. 19. P. 22 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Drewry, Rick 3 of 3

Abstract

The article focuses on the importance of collector vehicle insurance and the role of agents in helping clients protect their investments in classic and exotic cars. It highlights the key distinction of agreed value coverage, which ensures that the insured value of a vehicle is locked in, as opposed to standard auto policies that pay out based on actual cash value, potentially leading to lower payouts. The article also addresses misconceptions about collector insurance, noting that it applies not only to vehicles over 25 years old but also to modern classics. Additionally, it emphasizes the need for annual policy reviews to keep coverage aligned with fluctuating vehicle values and the importance of specialized support for unique risks associated with collector vehicles. [Extracted from the article]

Additional Information

  • Source:Insurance Journal. 2025/11, Vol. 103, Issue 19, p22
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2025
  • ISSN:0020-4714
  • Accession Number:189377599
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