Classic cars are valuable, and protecting them requires the right insurance. For Chino drivers, understanding the difference between agreed value and standard coverage is key to keeping your investment safe.
What Makes Agreed Value Coverage Different?
Agreed value coverage is designed for classic cars. When you set up your policy, you and your insurance provider agree on the car’s value. If your car is damaged or totaled, you receive the full agreed-upon amount. This type of coverage ensures your car’s true worth is protected, which is especially important for vintage vehicles that appreciate over time.
Why Standard Coverage Falls Short
Standard auto insurance calculates payouts based on the car’s depreciated value. This works for everyday vehicles but not for classic cars, which often increase in value. Standard coverage can leave you underinsured, making agreed value policies the better choice for Chino’s classic car owners. Providence First Insurance Services offers policies tailored to meet these needs.
Protect Your Classic Car Today
Classic cars deserve insurance that matches their value. Agreed value coverage gives you confidence that your car is fully protected. Contact Providence First Insurance Services to learn more about classic car insurance options for Chino residents. Visit Providence First Insurance Services today to get started!
