Antique Car Insurance - Comparison and Review
Chubb Group of Insurance Companies with its headquarters at Greater New York
City Area), Hagerty Insurance Agency with its headquarters at Traverse City, Michigan and American
International Group, Inc. (AIG) with its headquarters at New York City are the best insurance
companies for antique cars.
Given below is a comparative review of antique car insurance characteristics of the three
companies. A quick glance through it will help you to have some idea about how these companies help in insuring
antique cars. There are also many other clauses but these looked to me to be the most important of all the
clauses.
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Antique Car Insurance Company Plans
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Chubb
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Hagerty
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AIG
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Choice of Body Shop
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This clause of their insurance policy is giving you the facility
that will repair your car after a covered loss.
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N/A
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N/A
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No Mileage Restrictions
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This clause of their insurance policy does not limit the coverage
for use of your car for hobby purpose. Therefore, you can really enjoy driving your antique car
without monitoring the odometer.
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N/A
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N/A
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Fair Replacement of Parts
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This clause of their insurance policy will help you to properly
restore your vehicle to its pre-accident condition and authenticity if you experience a covered
loss.
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N/A
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N/A
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No Deductible
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This clause of their insurance policy says that there is no
deductible for covered antique car(s).
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N/A
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N/A
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Automatic Value Protection
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N/A
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This clause of their insurance policy will increase the insured
amount of each car by two percent at the end of each quarter after the effective date of the
policy.
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N/A
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Accidental Death Coverage
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N/A
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This clause of their insurance policy has accidental death coverage
of $10,000.
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N/A
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VIN Theft and Fraudulent Title Coverage
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N/A
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This clause of their insurance policy will cover up to $50,000 for
approved expenses if you incur expenses to establish ownership of your car after someone has
fraudulently used its VIN number.
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This clause of their insurance policy gives a towing and labor
coverage that will help you to get your expenses reimbursed if your car is temporarily
disabled.
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Trip Interruption Coverage
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N/A
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This clause of their insurance policy says that in the event of a
covered accident while traveling in your collector vehicle, you can recover upto $1,500 of your
out-of-pocket expenses including use of a rented car, repayment of lost event expenses and
lodging.
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N/A
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Personal Injury Protection (PIP)
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N/A
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N/A
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This clause of their insurance policy applies to injuries that you,
the driver or policy holder cause to someone else. The company will pay the medical bills, lost
income, pain and suffering, even funeral expenses for people who are injured by you in an
accident.
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Property Damage Liability
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N/A
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N/A
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This clause of their insurance policy covers the payment for damage
you may cause to someone else’s property.
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Collision
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N/A
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N/A
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This clause of their insurance policy will protect your car for the
damage due to collision with another car or object or flipping over. The policy also covers
damage caused by potholes.
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So, if you own an antique car and haven’t yet insured it or planning to buy one, choose one of
the above and get your antique car safely insured!
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