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Question

Does antique car insurance factor in the future of the investment?

Is an adjuster an antiques dealer? Otherwise, how can he possibly assess the value of my antique vehicle?

Posted by Rob Campbell on May 4, 2009

One Comment

  1. Sean Graham says:
    May 5, 2009 at 11:21 am

    Antique car insurance does not normally factor in appreciation of an investment. Antique vehicles are normally insured according to a recent appraisal value. If your vehicle appreciates after it has already initially been appraised and insured, it would be wise to have it re-appraised and insured for the new value.

    Adjusters are generally qualified to assess these types of values and damage to these types of collectibles. However, they rely on the appraised value to dictate the payout on a total loss.

    Sean Graham, Principal Broker at KTX Insurance Solutions.

    Neither Kanetix® nor the KanetixForum.ca is an insurance broker or agent. Although this information has been passed along to you from KTX Insurance Solutions through the Forum, we are not responsible for the opinions expressed by them. Insurance can be complicated. When reading these answers, keep in mind each person’s situation is unique. Individual responses may vary depending on your insurer, geographic location, and specific circumstances. If you have a similar situation, always speak with your insurance provider, or a licensed insurance representative, for terms and conditions that may apply to you.

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