For high-net-worth clients, it is highly recommended to combine all vehicles—classic cars and regular-use vehicles—on one policy.
When insuring classic cars as part of a personal-lines account that includes regular-use vehicles on the same policy, the insurer will have a clearer picture of vehicle usage, resulting in broader coverage for the insured.
Among the many other advantages of this approach:
- Efficiency of maintaining one agent, one carrier, one policy and one bill for all cars.
- Effectiveness of coverage, to ensure that liability limits are meshed with umbrella policies to ensure no gaps in coverage.
- Savings, including the potential benefits to your regular-use automobiles through multi-car pricing.
- Service, as virtually every high-net-worth specialist company delivers more loss prevention and engineering service than any of the specialist collector companies.