How to Value a Classic Car For Insurance (2)

It is highly unlikely that an owner will know the actual value of their classic automobile at any point in time beyond when the bought it, and this applies equally to an Insurer who has to calculate a price for the risk. A decision that also has to be made by the insurer in pricing his classic automobile insurance policyowner is the cost of repairs. Specialist tools and replacement parts might be necessary and


it important for a prospective purchaser of a classic policyowner to understand the levels of repair cover offered, and whether you are bound to take your automobile to an approved repairer in the event of a destroy claim
This works fine in the majority of those claims, however with the classic automobile market there is no such reliable guide, and problems can arise when a classic automobile has been involved in a total loss accident.