HANHAM INSURANCE AGENCY

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• muscle cars

• classic cars

• antiques

• exotics

• street rods

• customs

• kit cars

• Cobra replicas

• race cars

• trucks

• motorcycles

• military vehicles

• tractors

• fire engines

• restorations in process

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Collector car insurance is all about the “agreed value”

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We only offer an agreed value total loss settlement. Before the policy activates, you as the car’s owner, the agent, and our underwriters agree on the car’s value and insure it for that amount. In the event of a total loss, that agreed upon value is the payout amount. The deductible of course applies, but there is no depreciation and no misunderstanding.

Some other specialty auto policies, and a typical daily-use auto policy, offer stated value coverage. It’s not the same. In fact, it is really just actual cash value coverage with a maximum limit – the stated value – and the carrier pays the vehicle’s market value which it determines after the loss. If the market value has dropped since the policy was purchased, then that lower dollar amount is the payout.

 

Coverage highlights

• Agreed value loss settlement

• Broad usage allowance

• Mileage plans include unlimited miles

• Date and specific time of the loss

• Deductible options from $0 to $10,000

• Flexible payment options

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