The worst thing that can happen to a classic car is an accident. But, after the insurance company has confirmed your claim and you are ready to get back on the road, there are still some steps you need to take before driving off into the sunset. These 7 tips will guide you through what needs to be done when claiming Classic car insurance after an accident!
1. If Possible, Contact Your Insurance Company Immediately
After a classic car accident make sure you contact your insurance company as soon as possible. In many cases, this step can be the difference between automatically being covered and having to pay for things out of pocket. Even if there is no damage to your vehicle or other property, it still may be a good idea to file a claim.
For example, if you were involved in an accident and your classic car was struck by another vehicle, even though there’s no damage to your bumper but the person behind you is unaware of this and believes they hit your bumper when they actually didn’t, it is still a good idea to file a claim with your insurance company because they can confirm whether or not there’s damage.
In this way, you avoid having the person who hit your car from filing a claim against you for property damage.
2. Inspect Your Vehicle for Damage
Once you have been cleared from the accident, after consulting your insurer for some advice, make sure to inspect your vehicle properly and thoroughly before driving it again.
In the event of a classic car accident, there is a chance that your vehicle could be affected in ways you didn’t expect, even if it doesn’t seem like it at first glance. For example, you may have been involved in a fender bender and the damage seemed to only affect the paintwork on one side but when you get home and take a closer look at the affected area, you notice there is some damage to your classic car’s front axle.
Another example would be if your classic car has been in an accident that caused severe bodywork damage where it involved another vehicle either spinning out of control or colliding with your car. This type of collision could end up causing damage to your drivetrain, suspension or other hidden areas of the vehicle that couldn’t be easily seen by the average person.
3. Consult With an Expert
After inspecting your classic car for bodywork or mechanical damage, it wouldn’t hurt to consult with a professional in order to get their opinion on how the accident could affect your classic car. By consulting with an expert, they can give you a professional opinion of what may have been affected by the accident and how it could be fixed, which gives you a better idea of what your next steps should be.
4. Get Your Classic Car Claim Checked Out by a Legal Professional
After finding out whether or not your classic car was damaged during an accident, it would be a good idea to hire the services of a legal professional. This is because, if you do have any damage to your car that needs to be fixed, it’s likely that insurance may not cover all the damages done to your vehicle.
5. Do Some Research on Your Insurance Policy
Before signing off on the insurance claim because you are satisfied with the amount being offered by your insurer, do some research first.
If you have classic car insurance through your current car insurer, this is a step that should be taken before anything else. Your vehicle may be insured for certain types of damages, either existing or future but it’s rare for any insurer to offer coverage for all types of damage under the same insurance policy.
For example, you may have bought classic car insurance that offers coverage against theft and collision damage but it doesn’t cover any vehicle upholstery or rubber parts. If there is extensive exterior damage to your vehicle, it might offset the cost of these damages which means you will be stuck with the bill.
As a result, by making sure your insurer covers all types of damages before you sign off on any claim, this eliminates the chance of being stuck with paying for damage that was not covered.
6. Follow Your Insurance Company’s Instructions to File a Claim as Soon as Possible
After consulting with your insurance company and an expert, it is important to follow their instructions when filing a claim.
In many places in the United States and the United Kingdom, there are strict guidelines that must be followed by classic car owners when filing a claim with their insurance company after an accident. This means you have very little wiggle room so it’s best to file a claim as soon as possible to avoid any penalty fees related to a late filing.
7. Take Care of Your Classic Car After a Claim Has Been Filed
After you have filed a claim with your insurance company, it is important that you take care of your classic car the best way possible. This entails making sure all types of damages are fixed before putting your car back on the road.
By performing all repairs to your classic car as soon as possible, you will not only cut down on costs but it ensures that your car is back in running order without any problems after an accident. Also, taking care of your vehicle ensures that it has a long life ahead of it with proper maintenance and upkeep.
What does my car insurance policy cover if I get in an accident?
Most standard comprehensive coverage will provide protection for your vehicle up to the limit of the deductible amount. If you have purchased additional types of coverage including any special components, these are typically what is not covered unless otherwise stated within your terms and conditions. For more information on how your policy is put together, you should read over each section thoroughly to make sure there are no gaps.
What are some common mistakes that people make when filing a claim?
Filing a claim late is one of the most common mistakes that people make when filing a claim. Not only does this mean you will be out for more money due to penalties, but your classic car insurance company may not cover certain damages depending on what time frame you are looking at.
Can I use my classic car insurance policy to cover damages on my new car?
If you’re looking at making an expensive claim on your new vehicle, it would be wiser to use your classic car insurance policy rather than your current one. This is because the premium for this type of coverage will be less expensive due to there being a much lower risk for an accident.
What happens if I have a classic car and my insurer does not provide coverage for this type of vehicle?
In the case that you do not have standard comprehensive insurance on your classic car, it would be necessary to contact a classic car insurance provider. There are a number of these companies that offer coverage for your vehicle and will probably have a lower monthly fee than a standard insurer because the risk is much less.
Considering All Of The Facts
We hope this blog post has helped you to better understand the steps necessary in order to successfully claim classic car insurance after an accident. If so, please share your thoughts below!