Classic Car Owners Have Special Auto Insurance Needs
 |
Audio File and Transcript
July 28, 2008
Download the MP3 file.
This is Michael Barry, vice president of media relations at the Insurance Information Institute, and the following are two audio quotes from the press release we issued July 28 on the special auto insurance needs of classic car owners.
Segment 1
“Whether it’s a 1932 Alfa Romeo or a 1962 Ferrari, antique and classic car owners should purchase auto insurance coverage for their collectible separate and apart from the policy that covers their regular use vehicle. While regular use vehicles depreciate in value of the years, many classic cars appreciate in value and have to be insured accordingly.”
Segment 2
“This type of specialty insurance is very sensitive to market forces from both the insurance industry and the collector car market. Reviewing your policy annually will help you understand your car’s potential worth and the type of coverage you need.”
| |
|
