Coverage for what it’s worth to you.
You need a special policy to insure a classic, collectible or restored vehicle. Most standard auto coverage will pay for vehicle damage under the comprehensive or collision portion of the policy, but settlements for claims are typically for actual cash value, which is the cost of the car when it was new, less depreciation. That’s never a good deal for a decades-old vehicle.
First Bank recommends special insurance coverage for the stated value of your classic automobile or truck. You should also consider if the actual miles you drive your collectible car is limited, if you’ll want coverage for spare parts, and if you’ll want coverage while your car is being resorted.
We can go over all the details with you to make sure your investment in a classic vehicle is well protected.
Insurance products are underwritten by non-affiliated insurance companies. Insurance products offered are:
|Not FDIC Insured||Not Bank Insured||May Lose Value|
|Not Insured by any Federal Government Agency||Not a Bank Deposit|