Category: Classic Car Insurance

Classic Cars: Cherished Symbols of History and Craftsmanship

Classic cars are treasured by fans, representing timeless automotive history and craftsmanship. However, these coveted vintage vehicles can attract unwanted attention from thieves who aim to profit from their rarity and appeal. At W.B. Adams Company in Beaverton, OR, we understand our clients’ desire to protect their beloved possessions from potential theft.

Does Classic Car Insurance Cover Theft?

Classic car insurance usually covers theft, providing comfort to owners knowing their valued possessions are protected. Nevertheless, classic car owners must comprehend the specifics of their insurance policy to ascertain the scope of the provided coverage. Certain policies may have particular caveats or clauses concerning theft protection, like requiring specific security measures to be in effect.

Preserve Financial Investment and Nostalgic Significance

For vintage car enthusiasts, these vehicles’ emotional connection and sentimental value frequently surpass their monetary value. Therefore, ensuring comprehensive coverage against theft is critical in safeguarding financial investment and preserving the nostalgic significance of owning a classic car.

Addressing Evolving Risks

Considering the evolving risks and advanced techniques employed by thieves, it’s paramount for classic car owners to periodically assess and update their insurance policies to counter potential threats such as theft adequately.

Contact W.B. Adams Company for Classic Car Insurance

At W.B. Adams Company, we can help you obtain the right insurance for your classic car. Contact us today to schedule an appointment with our insurance agent and learn more about classic car coverage.

Classic car insurance differs from auto insurance for cars not in that category. At W.B. Adams Company, we serve the Beaverton, OR community and thoroughly understand the differences in auto insurance policies.

Flexible Mileage

One difference between traditional auto and classic car insurance is that many policies offer flexible mileage provisions. The reason is that the total annual miles that classic car owners put on their vehicles are less than those of drivers with traditional auto policies.

Classic car drivers do not use their cars daily. Most of these owners also navigate the highways and byways with caution in order to safeguard the vehicles they cherish.

Agreed-Upon Value

A top reason to have car insurance, of course, is to protect the investment in the vehicle should it ever be stolen or totaled. Most classic car policies have agreed-upon value clauses rather than the actual cash value provision found in traditional auto insurance policies.

This means that if the classic car is ever stolen or deemed a total loss, the owner gets the value that’s agreed on as stated in the policy. In other words, the payout is an amount without a deduction for depreciation. With this coverage, car owners don’t have to be uncertain about what the insurance company will pay them.

Generally, to qualify for classic car insurance, an auto should be stored in a secure location, kept in good running condition, and not driven daily. This means that most policyholders should have a second car.

These are general guidelines, and there may be exceptions. In Beaverton, OR, we offer expert advice about classic car insurance. Contact an agent at W.B. Adams Company today.

Do you live in Beaverton, OR? Do you own one or more classic cars? Are you looking for classic car insurance with a provider like W.B. Adams Company? If so, continue reading to learn everything you need to know about classic car insurance in the state of Oregon!

How Can You Qualify For Classic Car Insurance In Oregon?

Classic car insurance is a specialized type of insurance designed for antique, classic, and vintage cars. In Oregon, classic car insurance is typically available for vehicles at least 25 years old and restored or preserved to their original condition. Some insurance companies may have specific requirements for the vehicle’s make, model, and condition.

What Is the Agreed Value Coverage?

Unlike regular auto insurance, classic car insurance policies typically offer "agreed value" coverage, which means that you and the insurance company agree on the value of the car before you purchase the policy. This ensures that you’ll be fully reimbursed if your vehicle is stolen or totaled in an accident.

Are There Any Restrictions?

Classic car insurance may restrict how you can use the vehicle in or out of Oregon. For example, you may only be allowed to use the car for pleasure driving or attendance at car shows or exhibitions. Some policies may also have mileage limits.

Are There Additional Coverage Options?

In addition to the basic coverage for damage and liability, classic car insurance policies may offer additional coverage options such as roadside assistance, spare parts coverage, and car-related memorabilia.

As you can see, classic car insurance can provide specialized coverage and peace of mind for owners of vintage cars in Oregon. By understanding the unique features of classic car insurance, you can ensure that your vehicle is fully protected in the event of an accident or theft. And remember, if you live in or near Beaverton, OR, and you’re currently shopping for classic car insurance, don’t hesitate to contact us at W.B. Adams Company today!

In the greater Beaverton, OR area, anyone who loves cars will likely dream of owning a classic car. Not only are these beautiful vehicles and prized possessions, but they can also be great investments.

When you are an owner of a classic car, ensuring you have the right insurance is quite important. A classic car insurance policy is a good investment for any classic car owner as it offers various forms of protection. 

Classic Car Coverage: What Are The Benefits?

Protect the Value of the Vehicle

One of the ways that your classic car insurance plan can protect someone is by protecting their vehicle’s value. A classic car is a unique type of car because it can actually go up in value over the years. When you have one of these cars, you will want this value covered if the vehicle is in an accident or stolen. When you invest in classic car coverage, you will obtain all of this support. 

Give Liability Risk Support

Your classic car insurance policy is also a good option as it will provide you with liability risk support. People that invest in a classic car will want to drive it on occasion. While you may drive only sparingly, having classic car insurance is a good idea as it will offer you protection if you are named liable in an accident. Further, it will ensure you remain in good standing with state requirements. 

Contact Us Today

Classic car owners all over Oregon and in the Beaverton, OR area need to make sure they have the right insurance. Once you are ready to look for coverage, you should call the team at W.B. Adams Company. The professionals with the W.B. Adams Company will understand the value of this coverage and can offer guidance to help you create a new plan to protect your car. 

In the greater Beaverton, OR area, anyone who loves cars will likely dream of owning a classic car. Not only are these beautiful vehicles and prized possessions, but they can also be great investments.

When you are an owner of a classic car, ensuring you have the right insurance is quite important. A classic car insurance policy is a good investment for any classic car owner as it offers various forms of protection. 

Classic Car Coverage: What Are The Benefits?

Protect the Value of the Vehicle

One of the ways that your classic car insurance plan can protect someone is by protecting their vehicle’s value. A classic car is a unique type of car because it can actually go up in value over the years. When you have one of these cars, you will want this value covered if the vehicle is in an accident or stolen. When you invest in classic car coverage, you will obtain all of this support. 

Give Liability Risk Support

Your classic car insurance policy is also a good option as it will provide you with liability risk support. People that invest in a classic car will want to drive it on occasion. While you may drive only sparingly, having classic car insurance is a good idea as it will offer you protection if you are named liable in an accident. Further, it will ensure you remain in good standing with state requirements. 

Contact Us Today

Classic car owners all over Oregon and in the Beaverton, OR area need to make sure they have the right insurance. Once you are ready to look for coverage, you should call the team at W.B. Adams Company. The professionals with the W.B. Adams Company will understand the value of this coverage and can offer guidance to help you create a new plan to protect your car. 

You are probably very proud if you have a classic car. You may even take it to shows and other events in order to show it off. That being said, it is important that you have the right insurance and coverage for your classic car. Your regular automobile insurance may not be enough, and W.B. Adams Company in Beaverton, OR gives you a guide as to why. 

Why Do You Need Special Insurance For Your Classic Car?

Both auto insurance and classic car insurance have similar policies. This means that they will cover liability, collision, comprehensive, and even property damage. 

However, if you have a classic car, you need to make sure that you know how much it is worth. While regular automobile insurance covers the car’s actual cash value, classic cars are often worth more money. For this reason, when you get classic car insurance, you get to decide how much your car is really worth. If it goes up over time, you can change your coverage limit. 

It will also pay for special repairs that are needed. When classic cars are damaged and need to be fixed or restored, you might not always be able to find the parts for them. The parts you find may cost you a little more, plus you may end up doing more restoration work just to get it to look like it did before. Regular automobile insurance won’t cover all of these extra expenses. 

For this reason, you need to get the best insurance that you can afford. If you have a classic car and want to make sure that it is fully protected, you need to contact us today at W.B. Adams Company in Beaverton, OR. 

Are you a Beaverton, OR resident possessing a classic, custom, collectible or antique car? If so, it’s important to get specialized insurance that reflects your vehicle’s uniqueness and its worth, because ordinary auto insurance isn’t adequate in safeguarding such a car against impending calamities. Classic cars warrant exemplary care because they are worthy of investment and thereby must be accorded magnificent protection. Purchasing classic car insurance in Beaverton, OR is a prudent move because it’s different from ordinary auto insurance as it’s purely based on the actual collectible value of your car. Repairing and replacing your antique, collector, or classic car can be very expensive; therefore, you need a sufficient amount of classic car insurance to cater for repairs when you need them. Please call or visit us at W.B. Adams Company and get more detailed information about classic car insurance. Keep reading to understand the versatile benefits of classic car insurance.

Protect your classic car

One of the prime reasons for purchasing classic car insurance is that it can assist in preserving the overall value of your precious car. When you buy classic car insurance from W.B. Adams Company, you enter into an agreed-upon replacement value of the vehicle, different from other standard car insurance policies. Investing in classic car insurance allows you to safeguard the unique significance attached to your classic car.

Liability coverage

Similar to ordinary cars, auto accidents can occur while driving a classic vehicle, attracting expensive aftermath expenses. Liability coverage pays for costs emanating from bodily injuries and damage to property when you cause an accident with your classic car with third parties salvaging you from paying out-of-pocket.

Provides special towing and spare parts coverage(Roadside assistance)

Have you ever imagined what could happen when your classic car breaks down or requires expensive spare parts? Both coverages for towing and spare parts are proportional to the unique demands of your classic car. Towing coverage is responsible for transporting a classic car in emergencies when experiencing a breakdown. In contrast, spare parts coverage replaces valuable or perhaps hard to scout vehicle components like engine parts, wheels and transmissions.

Are you a classic car enthusiast residing in Beaverton, OR? Classic insurance is associated with some complexity; therefore, it requires a team conversant with how this type of insurance works. Don’t hesitate to contact our agents at W.B. Adams Company to get specialized classic car insurance that meets your needs.

It takes more than age to make your car a classic. A collector’s car isn’t just a vehicle to move around but also an investment that will continue appreciating. As a result, you need to protect your prized possession with insurance. Not sure where to start? Since classic cars aren’t used the same, W.B. Adams Company, serving Beaverton, OR, and the nearby areas, will help you select the right auto insurance for your classic car. 

Do I need classic car insurance in Oregon?

Even though you are not driving your classic, it’s wise to purchase insurance for your collector’s car. While it’s off the hook with auto-related accidents, other perils like fire, theft, and vandalism aren’t far off from ruining your classic. And why would you not insure your classic? Its insurance is cheaper than typical auto insurance. Since you don’t drive your classic daily, its premium is likely to be cheaper.  

What does classic car insurance cover?

Just like your standard auto insurance, classic car insurance carries typical coverages like property damage coverage, comprehensive coverage, and bodily injury liability. But unlike your typical car that is insured against the actual cash value (factoring in the depreciation factor), classic car insurance covers the agreed value. Simply put, this is the amount agreed between the owner and the insurance.

Other classic car-specific coverages to consider include:

• Roadside assistance: This coverage saves the day when your vehicle needs towing, jump-starting, gas delivery, or puncture repair.
• Increased replacement cost: You see, unlike your modern car, classic cars rise in value. As such, this coverage protects your vehicle when your vehicle appreciates exceeding the agreed value.
• No attendance required: Covers your vehicle when you aren’t in attendance, and it’s being displayed in a show or exhibition.

For many petrolheads, the idea of owning a classic is a dream come true. But amid the excitement, don’t shove aside the notion of classic car insurance. Are you looking for classic car insurance in Beaverton, OR? Don’t look beyond W.B. Adams Company. Since collector’s cars aren’t the same, we will help you pick the right combination of coverages unique to your needs. Contact us today. 

Your car may be more than 25 years old, but there is sentimental value to it that prevents you from selling it to the highest bidder. One of the best ways to secure your investment is to purchase classic auto insurance in Beaverton, OR from W.B. Adams Company. 

Car values work differently with classic autos.

Unlike the average vehicle that loses value when you drive it off the lot, classic cars increase in value over time. One of the main reasons a classic auto appreciates with time is because of the vehicle owner’s dedication to preserving the originality of the car. The authenticity of a classic car, then, becomes its greatest asset. 

Standard auto insurance is not good enough.

A standard auto insurance policy follows the concept of automobiles depreciating with time. Thus, a classic car with all of its original components would not be valued as much because it is more than 25 years old. Standard auto insurance policies do not factor in authenticity. It will also not cover original replacement parts for the car.

How does classic auto insurance work?

Classic auto insurance works so that the actual value of your vehicle is included in the policy. The provider typically works with you to determine how much your car is worth, so, in the unfortunate instance of destruction, you are given significantly more than what a standard auto insurance policy would pay. 

Classic auto insurance depends on several factors, which include:

• The age of the vehicle
• How often you plan to drive the car
• How much you have invested in the vehicle

It is important to note that most classic auto insurance plans have driving restrictions that prevent you from making your classic car a daily commuter option. It is best to pursue this type of policy if you have a second vehicle to drive.

The agents at W.B. Adams Company can help you find a classic auto insurance plan that best suits your lifestyle. Call today to get started with a quote for coverage!