Special insurance for classic cars

Special insurance for classic cars

According to Hans Günther Löckinger from Garanta, classic car owners should regularly consider whether the value of their vehicles still corresponds to the insured sum. "Many historic vehicles continually increase in value over the years. If this is the case, the insurance coverage should definitely be adjusted," says Löckinger. Good classic car insurance already provides for such increases in value. If the value of the vehicle at the time of a claim is higher than when the contract was signed due to an increase in value, underinsurance will not be claimed up to a limit specified in the policy. The possibility of insuring a restoration value that exceeds the vehicle value also characterizes a special classic car product. Because particularly complex repairs on classic cars can quickly cost more than the vehicle is actually worth.

Participation in rallies

Löckinger recommends: "In the event of comprehensive damage, transport to the workshop of your choice in a certain area should be included in the policy. In addition, as part of good classic car insurance, the vehicle should also be insured during transport. It would also be ideal if participation in regularity drives and classic car rallies was covered without an additional premium." Garanta has tailored its classic car tariff “TopKlassik” to the specific requirements of classic car lovers. The most important product advantages of the tariff, which is available in the liability and comprehensive variant from just 150 euros per year:

• Drei Selbstbehaltsvarianten in der Kasko wählbar
• Wiederherstellungswert bis 20 % über dem Fahrzeugwert laut Gutachten versicherbar
• Keine Geltendmachung von Unterversicherungen bei Wertsteigerungen bis 30 %
• Teilnahme an Gleichmäßigkeitsfahrten und Oldtimerrallyes ohne Prämienzuschlag
• bei Kaskoschäden Transport in Werkstatt nach Wahl bis zu 200 Kilometern inklusive
• Fahrzeug auch beim Transport versichert