Save time, money and get peace of mind with your personalized Classic / Collector Vehicle Insurance quote from TCS Insurance Brokers.
We take a different approach than many when it comes to auto insurance. We offer Basic™ coverage to simply cover others on the road and so you don’t have to come out of pocket for those expenses. Extended™ coverage so that you have and your passengers have coverage if you are injured in a vehicle accident. Complete™ coverage that takes Basic, Extended, and then adds that extra coverage needed to fully cover the vehicle you drive against any and all situations and damage.
What’s the advantage of using an insurance broker?
In the ever-changing game of insurance, you are the player, the insurance company is the referee and we, TCS Insurance Brokers, are your coach. Let’s start by being blunt here and say it how it is, Not All Insurance Companies Play by the Same Rules!
You, the player, have to maneuver through the obstacles and pitfalls set up for you by the insurance companies. TCS Insurance Brokers is here to coach you from start to finish and help you get ahead safe & financially sound! – How do we do that? We break things down and make them simple to understand. We compare and contrast insurance companies to make sure you get the best coverage when you need it. We ask the important questions up front to make sure nothing is unanswered. And because we represent multiple carriers, we have a vast knowledge of the internal inner workings of each company. We understand their claims practices which is key knowledge that we often use when our clients have gotten into a serious wreck.
What are coverage limits in auto insurance?
Coverage limits refer to the maximum amount the insurance company is obligated to pay on your behalf for an accident you are found to be at fault for.
Each state has minimum auto insurance liability requirements and California has the lowest in the entire United States with a coverage limit of $15,000 per person injured, no more than $30,000 in injuries per accident and a maximum of $5,000 for damages to another’s property.
Nevada minimum liability coverage limits are $25,000 per person injured, no more than $50,000 in injuries per accident and a maximum of $20,000 for damages to another’s property.
Oregon minimum liability coverage limits are $25,000 per person injured, no more than $50,000 in injuries per accident and a maximum of $20,000 for damages to another’s property.
Washington minimum liability coverage limits are $25,000 per person injured, no more than $50,000 in injuries per accident and a maximum of $10,000 for damages to another’s property.
Texas minimum liability coverage limits are $30,000 per person injured, no more than $60,000 in injuries per accident and a maximum of $25,000 for damages to another’s property.
Michigan minimum liability coverage limits are $50,000 per person injured, no more than $100,000 in injuries per accident and a maximum of $10,000 for damages to another’s property.
*With Classic Car / Collector Vehicle insurance you will be required to match the coverage limits of your daily driver vehicle. A copy of your current declarations pages will be requested before the policy can be initiated.
TCS Insurance Brokers is all about offering the best choices to our clients.
We directly represent American Modern Insurance Group, Nationwide Hagerty & Safeco Classic Car programs and with our expertise you will be covered the right way right away!
- Photos
- Personal Auto Declarations Pages
- Purchase Date & Price
- Odometer Reading
Vehicles under an unendorsed Personal Auto policy are paid on a Actual Cash Value basis. Actual cash value is computed by subtracting depreciation from replacement cost, while depreciation is figured by establishing an expected lifetime of an item and determining what percentage of that life remains. This percentage, multiplied by the replacement cost, provides the actual cash value. – Confusing, right? Imagine your classic being handled by an adjuster who is solely trained on this valuation? This valuation is simply not designed for a vehicle that appreciates year after year.
A handful of Auto insurance carriers offer Stated Value and usually at a discount because of how it benefits the insurance company primarily. It is vehicle insurance where an amount is “stated” at the onset of the policy. You basically tell the insurer what your car is worth (with proper documentation) and it is insured for that amount. The caveat here, however, is that the insurance company can choose to pay you either the Stated Value or the Actual Cash Value, whichever is less.
Quality Classic Car – Collector Vehicle insurance is paid at an Agreed Value. Agreed Value is an amount that you and the insurance agreed upon at the start of your insurance coverage. – Simple and straightforward from the very beginning!
Agreed Value, coverage primarily offered by specialty classic/collector insurers, is based on the proven value of your car as determined and agreed upon by you and the insurance company, according to appraisals, photos, or other relevant documentation. With Agreed Value coverage, the insurance company will guarantee that they will pay this agreed-upon value in the event of a covered total loss.
Our help is just a click, text or call away. Contact us and get expert help with your automotive insurance needs. (209)207-0577