Many people make the mistake of only insuring a portion of their vehicle. You must realize that when you are dealing with car show worthy cars they are almost always valued at much greater than standard resell rates would cover. You may discover after a problem occurs that your insurance will only cover a percentage of the vehicle. This is a nightmare to discover. Always talk to your insurance agent and ensure that you have enough coverage that will pay the appropriate amount in the event of damage.
You certainly do not want to be caught off guard if your car sustains substantial scratches at the car show to discover that your car can only receive a maximum of $1,000 in insurance money. You also need to discuss with your insurance agent if your vehicle needs to have an inspection to document the physical condition. This is often important on very expensive policies or full coverage insurance. You want to ensure that all damage is paid for, rather than the insurance company possibly claiming that damage was pre-existing.
If you shop around you should be able to cover your car for only a few hundred dollars a month, which compared to the cars that can cost as much as several hundreds of thousands of dollars is only a fraction of the cost. Choosing good insurance coverage will ensure that you are able to enjoy your vehicle all of the time, rather than being forced to pay for repairs out of pocket after a car show. Remember, it is important to have adequate protection for your car before the car show, rather than waiting until after your car has already been damaged some how.
Most people have much more coverage than they ever need on their prized cars, but it is worth the additional money for the piece of mind that you have knowing that your treasured car will be repaired if a problem occurs. Another option that you have is discuss with the event sponsors whether they will be providing insurance to the people showing their cars. Some do offer insurance; however most do not provide coverage.
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