Classic auto insurance is generally different or in addition to regular auto insurance. Make sure you completely understand what type of insurance coverage you have for your classic or high performance automobile. The examples listed below are common methods used to determine what you get paid if your auto is a total loss.
· Valued Vehicle Endorsement (SEF 19A) This covers your vehicle for the appraised value by an independent approved appraiser with
no depreciation factor.
To determine what type of coverage you have READ your policy and CONFIRM with your underwriter what the policy covers. This will avoid any misunderstandings in the event of a loss claim. It will also determine the method used in writing the appraisal.