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Classic car owners are passionate about their vehicles, keeping them as showroom pieces in their homes or driving them around to catch peoples eyes. Whether kept indoors or occasionally driven, however, these vehicles need to be insured against everything from water damage to collisions. Here are 12 important facts about...

For high-net-worth clients, it is highly recommended to combine all vehiclesclassic cars and regular-use vehicleson one policy.

Given that most classic & collectible cars spend far more time ensconced in (often custom-designed) garages than they do cruising through traffic, it should come as no surprise that many claims stem from incidents that occurred on the insureds own property.

For independent agents and brokers looking to break into the Classic Car niche, one of the best bets is to attend a local event for enthusiasts of the hobby.

While an unabashed love of classic cars is what really drives collectors to spend millions or even tens of millions on the hobby, the purchasesin addition to providing ego boosts and adrenaline rushesoften prove to be good investments as well.

Its not only carriers with a focus on high-net-worth clients and classic-car managing general agents that cater to this niche of business; the auto-insurance giants are players as well.

American Collectors Insurance and one of its insureds discuss on camera the coverage concerns with collectible autos.

From their 57 Chevy to their 69 Pontiac GTO, collector car enthusiasts get revved up about their cars. While they may not be nearly as excited about their insurance, its important to find them quality coverage at a good price.