Classic car insurance is designed to protect restored vehicles and their value. It can help cover damage from natural disasters or restoration costs after an accident. However, these policies apply only to specific types of vehicles, and there are several stipulations that owners must follow.
Mileage Requirement
Most classic car insurance policies in Pinellas County have mileage requirements. Drivers may be limited to 10,000 miles per year. This allows owners to attend classic car shows or occasionally drive their cars, but it ensures the policy won’t cover daily drivers. Cars used for daily driving are at a higher risk of accidents, and classic cars are more expensive to repair or replace.
It’s important to note that mileage requirements track the total miles driven, not how often you drive the vehicle. For example, if your policy limits you to 10,000 miles annually, you could drive two miles daily and still comply with the requirement. A representative at Percheron Insurance Group can provide more details about mileage limits and how they apply to your policy.
Other Requirements
Many classic car insurance policies include additional requirements that policyholders must meet. For instance, owners in Pinellas County may be required to store their vehicles in covered storage, such as a garage or storage unit, to prevent weather-related damage.
If owners fail to follow these regulations, their claims may be denied. Insurance companies often verify compliance with mileage requirements and other stipulations when a claim is filed. For example, they may request the car’s mileage to confirm it meets the policy limits.
Requirements for classic car insurance vary by company, including mileage limits. One provider may allow up to 10,000 miles annually, while another may limit it to 5,000 miles. It’s essential to speak with an agent at Percheron Insurance Group to learn more about the specific requirements for your policy. Contact us today to get started!
