Classic Car Insurance
When it comes to insuring your collector vehicle, you don't want a standard insurance policy! At Eden Insurance & Financial Services, we have multiple carriers that specialize in writing your collector, antique or custom car or other vehicle. The biggest difference between your standard policy and what you should buy for your specialized vehicle is an Agreed Value policy rather than a Stated Value policy. What is the difference? The main difference is that on an Agreed Value policy, you insure your vehicle for a pre-determined value. This could be an appraised value, purchase price, or the amount of money you've invested in a restoration project. If something happens to your vehicle, the insurance payout will be based on that pre-determined value. On a Stated Value policy, the insurance company can payout less than what you have it listed for. For example, let's say you buy a '68 Corvette for $35,000. 3 years later, you get into an accident and total the vehicle. If the value of the Corvette at the time of loss is only $28,000, a stated value policy will only pay you $28,000. An Agreed Value policy will pay you the full $35,000! That's a huge difference in coverage. That is why we offer agreed value policies on all the collector vehicles we insure.
If you are looking for the great policy described above and live in Illinois, we are the agency for you. We are located in Bloomington, IL, service Normal, IL and all surrounding towns but we can help anyone in the State of IL to get the great coverage they need for their collector vehicle!
Want to make sure you're insured properly for your collector, antique, or custom vehicle? Contact us today or visit our Collector and Classic Car Quick Rater to get an idea of what your rate would be.