America’s Love Affair with the Automobile
August 28th, 2012 by admin
The Insurance Center of North Jersey loves cars, as does all of America. Innovation, mass production, interstate highway and the lure of exploring a 3,000-mile wide country have combined to give the U.S. a century of automobiles of many shapes, sizes and speeds. In 2012, the love affair continues, unabated by sluggish economic times, high gasoline prices or any other bump in the road.
Insurance is essential for every car hobbyist. The collector-car hobby gives The Insurance Center of North Jersey the chance to combine work and pleasure. A specialty policy provides property and liability coverage for car owners, but unlike standard auto policies it offers agreed-value coverage rather than actual cash value. This reflects the fact that many collector cars appreciate in value over time, rather than depreciate in value as do most “daily driver” vehicles.
So choosing the right insurance for your classic or collector car is the best way to protect your investment. We know insuring classic and specialty cars can be confusing, and we can help. Give us a call today and we will help sculpt a plan to protect both you and your investment.