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Classic Insurance by natali lk
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Classic Insurance |
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Marketing,E-Commerce,Tax
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Definition: Classic insurance is generally associated with insurance for a classic car. A car insurance policy for a classic car is sometimes different than a modern car. There are factors that the insurance company must evaluate differently for classic insurance. Safety apparatuses are different and car parts for a classic car are hard to find and more expensive and these are factors that the insurance underwriting department must consider when producing insurance for a classic car. Because of these factors, besides a driver's driving record, car insurance for a classic car may also be more expensive. In addition, because of the special nature of classic insurance, one may have to search around for an insurance company that will provide classic insurance for a classic car. Examples: Bob has had his classic insurance on his 1937 Ford Coupe for many years. He did not drive it often, but when he did he was very careful because although he had classic insurance and he knew the insurance company would cover his loss, he also knew that if he got into an accident it would be hard to replace many of the parts for his classic car.
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