Home Page Home Page Newsletter Contact Us Get A Quote
  • We're Here for You
    • About Us
    • Partners Page
    • Location Map
    • Employee Directory
    • Contact Us
    • Refer a Friend
    • Privacy Policy
  • For Individuals
    • Automobile Insurance Home
    • Homeowners Insurance Home
    • Life & Health Insurance
    • Recreational Vehicle
    • Renters
    • Umbrella
  • For Businesses
    • Business & Commercial Insurance Home
    • Bonds Home
    • Dental Insurance Home
    • Health Insurance Home
    • Life Insurance Home
  • Helpful Information
    • Important Links
    • Blog
    • Newletters
    • Insurance Glossary
    • Free Reports
    • Join Our Newsletter
  • Life's Questions - Answered.
    • How much disability income insurance do I need?
    • What are my long-term care insurance needs?
    • How much life insurance do I need?
    • Should I rent or buy a home?
    • Should I lease or purchase an auto?
Personal Insurance Business Insurance Life Insurance
Get A Quote
Home > Blog > AUTO INSURANCE FOR COLLECTORS
WEDNESDAY, JANUARY 15, 2014

AUTO INSURANCE FOR COLLECTORS

                 Many car enthusiasts have garages filled with collector vehicles. In the aftermath of Hurricane Sandy and other storms, some owners of car collections were dismayed to find that their standard auto policies pay only what the insurance companies define as the actual cash value, which may be many thousands of dollars below their car’s true market value. Car collectors are far better served by collector-car policies, which pay a guaranteed sum that is agreed upon  when the policy is purchased. That way, if the car is totaled, car collectors know exactly how much they will get. Unlike homeowners insurance, collector-car policies do not exclude flood insurance. More cars are destroyed by flooding than wind.    

 

  

NOTE: Unlike a collector-car policy, a stated value policy provides a limited payout; it pays to know the difference.

Posted 12:45 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • hr updates(1)
  • auto insurance(1)
  • annuity(1)
  • operations management(1)
  • accident(1)
  • insurance(1)
  • pay equity act(1)
  • emergency(1)
  • physical damage(1)
  • future(1)
  • retire(1)
  • payouts(1)
  • collision(1)
  • repetitive stress(1)
  • professional(1)
  • payout(1)
  • role of insurance(1)
  • equal pay act(1)
  • sandy(1)
  • errors and ommissions(1)
  • hurricane(1)
  • payroll(1)
  • worker productivity(1)
  • frankenstorm(1)
  • risk management(1)
  • comprehenisive(1)
  • keyboard strain(1)
  • mistakes(1)
  • auto(1)
  • human resource(1)

View Mobile Version
JED Insurance and Financial Service Agency, Inc I 30 Mechanic St. Ste 5 I Foxborough, MA 02035                                                 Powered by Insurance Website Builder
                                                                                                                                                
Privacy Policy  &  Terms of Use     

 

© Copyright 2013 J.E.D. Insurance and Financial Services, Inc. All Rights Reserved.

 

 

Home Page About Us Our Services Newsletter Get A Quote Contact Us Home Page Like us on Facebook LinkedIn