InsuranceLecturer — US imported car insurance may be of benefit to you if you drive or own a US model car in the UK. This kind of insurance can be used to insure all kinds of makes and models from modern day cars through to the classic marques that collectors all love so much.
One mistake that owners of US imports and classic cars often make is in their choice of insurance policy. It is easy to assume that a regular car insurance policy will meet your needs — after all insuring a car is all about making sure you have protection for third parties and issues like fire, theft and accidental damage, right?
To be honest this isn’t necessarily the case with a classic US import. For a start you may have other issues to think about. Your car, for example, may not depreciate in value as time passes. It may actually even go up in value. So, your policy may need to take this fact into account.
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A US imported car insurance policy may be set up to give you an ‘agreed value’ for your car. This may simply ensure that if you were to wreck your car or have it stolen that you would actually get back what it was worth. Given that your classic car may be worth quite a lot of money this is something you may want to think about.
Specialist insurance can also be useful to you if you are restoring a model or showing it at rallies. Insuring this kind of car isn’t simply about protecting your interests when you’re using it on the road.
What would happen if vandals broke into your garage and wrecked your car when you were in the middle of a restoration project? What if it were stolen at a rally when you weren’t looking?
This may equal the difference between getting back what your car is worth and getting something back. And you may well also find that you can negotiate discounts from your specialist policy into the bargain.
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If, for example, you don’t actually drive it much then you might qualify for a classic car low mileage discount. And, members of classic car clubs, forums and societies are often offered discounts on their policies by specialist insurers.
So, before you choose a policy to cover your US import you may find it worth your while to look at a specialist US imported car insurance option. It may well be that this gives better coverage at a more competitive cost.
