Find Your Perfect Specialty Insurance While You Can't Replace A Collectible, You Can Protect Its Value
At the Seltzer Group, we understand that there are valuables that don’t always fall under the umbrella of other types of insurance. It may be a rare car that isn’t covered by your existing auto insurance policy. Or it could be a unique item that is covered, but you would like additional protection. With specialized knowledge in protecting collectibles, you can trust your prized possession with The Seltzer Group. Our specialty insurance options will help you to safeguard your most prized possessions so that you can rest easy.
About Specialty Insurance
You already know that your classic or antique automobile is a one of a kind. It’s irreplaceable. Regular automobile insurance isn’t going to provide you with the true value of this unique asset. That’s where Seltzer Group’s specialty insurance comes in. Unlike regular automobile insurance coverage, specialty insurance is designed around each collectible. We’ve been providing dependable, reliable insurance to our clients for more than 65 years. There are many items we are prepared to cover under our specialty insurance.
Specialty coverage includes:
- Customized & Modified Automobiles
- Collector Cars
- Antique & Classic Automobiles
- Golf Carts
- And More
There are a few things to keep in mind about insurance coverage on a classic or vintage automobile. These include making sure that your item is in working condition, well maintained, kept in a garage, and that they are not your primary vehicle. You can, of course, bring your vehicle to special events and use it for occasional pleasure driving. However, these are only guidelines. If you aren’t sure that your classic vehicle falls into these categories, don’t worry. Just give us a call, and we can go through the details with you. If you aren’t sure that your asset needs this type of protection, speak with one of our helpful and friendly staff members to be sure. We’ll let you know which type of coverage best fits your collectible.
How Specialty Insurance Works
You’ll get your own representative who will walk you through the process of underwriting coverage for your collectible. We’ll determine a value together. This is done with you, your representative, and the underwriter. Once a value of the collectible has been determined, the policy is written. Additional coverages are also available. These additional coverages allow you to customize your specialty insurance for specific needs. Your agent can discuss what these might be based on your asset type.
Once your policy is in place, even if your collectible depreciates, the policy value remains fixed and stays the same. This is called the vehicle’s agreed value. It means you’ll always know the value of your asset in the event of total loss. Once your deductible is paid, you’ll receive the agreed upon value of your asset.
Every specialty coverage package includes the following features:
- Liability only
- Uninsured and underinsured motorist
- Medical payments