Features and Benefits

IMPORTANT NEW BENEFITS from CLASSIC COVER INSURANCE

Classic Cover Insurance are proud to announce some new and exciting initiatives in their Policy Wording to further enhance their offer to their Specialist, Classic Car and Hot Rod Owners.

The first and most important benefit is what constitutes Agreed Value in a Classic car policy, ( vehicles 26 years and older ) The old policy wording reads : Sum Insured Agreed Value. The maximum amount we will pay will be the agreed value shown on the schedule unless it is found to be more than 20% above the market value, in which case we will only pay out the market value.
Classic Cover’s new policy wording reads: “Agreed Value means Agreed Value . This means that if you have insured your vehicle for an agreed value as shown on the schedule, the maximum amount we will pay will be the agreed value.” No fish hooks!!! If your vehicle has a value higher than $200,000, we will require a third party independent valuation.

The second benefit is: Classic Cover can now offer a range of mileage options, with the removal of the 5,000 km per year mileage limit. This means you can now be covered whatever the distance you travel in your vehicle per year, You can drive it everyday if you want. We can tailor a policy to suit your needs, just tell us what mileage you want to do and we can tailor a policy to suit.

The third benefit is Classic Cover can now cover your vehicle for Business Use, This means you can drive your Classic or Hot Rod to work each day, provided it is not being used as a goods service vehicle, taxi, courier etc, . We do not cover commercially operated vehicles.

If you have a late model ( 25 years old or newer ) Prestige or Performance vehicle, we can now cover you with a range of mileage options, and Business use. Our original agreed value policy wording still applies for these vehicles i. e. ( The maximum amount we will pay will be the agreed value shown on the schedule unless it is found to be more than 20% above the market value, in which case we will only pay out the market value. ) as generally late model vehicles tend to devalue as the years go by, so it is important for clients to review the value of their vehicle to insure the value is realistic, and not over , nor under insured.

There are so many reasons to insure your pride and joy with Classic Cover. 

FULL COMPREHENSIVE CLASSIC COVER as per our policy wording also includes:

  • Flexible mileage options
  • Multiple vehicle discounts
  • Flexible payment options
  • YOUR choice of repairer or restorer
  • Agreed Value Sum Insured (Market Value on modern motorcycles)
  • First call on salvage rights always remains with YOU
  • Salvage from anywhere in NZ to the repairer YOU choose
  • Glass cover on ALL glass including headlights, sunroofs etc.
  • Air freight of parts if required
  • Optional roadside assist through NZRA
  • Optional New Car Replacement option on vehicles less than one year old and has travelled less than 15,000km
  • Any licensed driver over 25 years of age, with your permission, can drive the car and does not have to be noted as a named driver
  • Detached spares covered up to $5,000
  • We will cover any trailer owned by you which is specifically used for transporting your vehicle, up to $5,000 included in your policy
  • These are just a few of the benefits we can offer you.
  • Variations to our standard cover are in our policy wording on pages 6 & 7.
    They include:
    • Laid up / storage & restoration cover
    • Road, race, rally cover
    • Dedicated competition vehicle cover
    • Kart cover
    • Off road motorcycle cover
 
 
 
 
 
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