THE MARKET IS CHANGING. KEEP THESE TIPS IN MIND...
The collector car market has changed significantly in the past few years. Younger automotive enthusiasts are joining the hobby and are introducing newer makes and models of vehicles to the ranks. Here are some of the comments we hear which often indicate that we're talking to an enthusiast. |
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When referring to a car they use the term “baby”A sign of affection for a car is a strong indicator that it is a collector car. |
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02
There are more cars than household driversExample: Household has 3 drivers and 4 cars; there’s a good chance the fourth car is not a primary vehicle and is used for fun, perfect for a collector car policy. |
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03
An insured owns one or more recreational vehicles – boat, RV, ATV, etc.They have a propensity to be mechanically inclined and in addition to their “toys,” they most likely own a collector car. |
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04
You’re told, “I only take the car out on nice days”Limited use on sunny days is a convincing marker that this is a special car and deserves special coverage.
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The car is a Chevrolet Corvette, Ford Mustang, Mazda Miata, or Porsche 911These are some of the most popular car models among collectors and consideration should be given to placing these vehicles on a collector car policy. |
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To meet the needs of this changing market, speak with your insureds about a collector car policy tailored to protect a vehicle’s collectible value. |
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