How Classic Car Insurance Protects Spare Parts and Accessories

Classic car enthusiasts in and around South Kingstown, RI spend countless hours and resources restoring, maintaining, and customizing their treasured vehicles. These classic cars are often fitted with rare spare parts and unique accessories that enhance their authenticity and performance. This is when classic car insurance becomes beneficial. 

Key Benefits of Classic Car Insurance for Spare Parts and Accessories

  • Spare Parts Coverage: Classic car owners often accumulate a collection of spare parts over the years to ensure the longevity and authenticity of their vehicles. Classic car insurance can cover the cost of these spare parts in the event of loss or damage. This helps maintain the historical accuracy and performance of the car.
  • Accessory Protection: Many classic car enthusiasts invest in unique accessories and add-ons to enhance the appearance and functionality of their vehicles. Classic car insurance can protect these accessories from loss or damage, whether it’s a custom grille, period-correct tires, or vintage interior furnishings.
  • Agreed Value Coverage: Classic car insurance policies often provide agreed value coverage. This means that the insurer and the policyholder agree on the car’s value, considering its condition, rarity, and the value of its spare parts and accessories. In case of a covered loss, the agreed value is the amount paid, ensuring that the total value of the car and its components is protected.
  • Coverage for Theft and Fire: Spare parts and accessories are not only at risk of damage; they can also be targets for theft or affected by fires. Classic car insurance covers these perils, providing the resources to replace or repair the components.

Kingston Insurance Agency LLC Can Help You

At Kingston Insurance Agency LLC, we can help answer questions concerning classic car insurance. We serve the South Kingstown, RI area. Contact us today.