Posts Tagged ‘DVLA’

Classic Car Insurance – Is your car is covered ?

musle-carIs your car a classic, car muscle or retro? HM Revenue & Customs considers it to be if it is worth more than £ 15,000 and was built at least 25 years ago. Unfortunately, insurance companies do not all use the same qualifications so you should always check their requirements before applying. This is very important as classic car insurance that often attract a lower premium than a cover for the vehicle later. It is reasonable to use a price comparison site as premiums vary.

When choosing insurance for your classic car do keep in mind that the terms cover the same extent as for new vehicles. To start, do not attract the classic car insurance no-claims bonus.
In order to ensure that your car is covered for true value it deserves a valuation report from an independent expert specialist. The actual value of the vehicle can then be agreed with the insurance company at the beginning of the policy. Do have valuations are updated every year. Ancient or classic models actually appreciate in value as they age, and the insurance policy you should follow.

Your insurance policy should cover the replacement parts that may be needed in the event of an accident. If the parts for your car is very difficult to get or tend to be very expensive, always check that you are fully covered.
Insurers do not expect a classic car policy to cover up as much distance as a family on and will close the annual mileage you around 7.500km. If you tend to do more than this, notify your insurance company and be prepared to pay a slightly higher premium. On the other hand, if you make less than the maximum mileage, insurance company, you may be able to negotiate lower premiums.
If you enjoy showing your car at meetings and other events, the classic insurance will generally cover this, but if you plan to rent a vehicle for a wedding and the like, you’ll need an extended cover.

Classic or antique car is generally recognized or community-owned club. If you decide to join one of these clubs, not only will you be able to get together with like-minded fans, but you should also be able to qualify for a discount on your insurance premium sound from any of up to 15% which is well worth having.
In the event that your vehicle be temporarily out of the way ‘in the dock’, you can take out fire insurance, theft or damage to the car garaged reserved. Remember that sustained Insurance Enforcement rule dictate that you notify the DVLA in a situation like this.
As modern vehicle will lower your premium if your classic car is stored in a secure garage and you have it equipped with an approved alarm, immobilizer or tracking device.