Classic cars need specialized insurance. Standard auto policies don’t account for their true worth. For collectors in Banning, determining the value of your car is the first step to getting the right coverage. At Little & Sons Insurance Services, we help you protect your investment with agreed value insurance.

What Is Agreed Value Insurance?

Agreed value insurance covers your car for the amount you and your insurer decide it’s worth. This value is based on factors like the car’s condition, rarity, and market demand. If your car is damaged or stolen, you’ll receive the full insured amount. This type of coverage ensures your car is protected without factoring in depreciation.

Steps to Determine Your Car’s Value

Here’s how to figure out what your classic car is worth:

• Get an Appraisal: Hire a professional appraiser who specializes in classic cars. They will assess your car’s condition and market value.
• Research Sales: Check auction results and sales of similar models to compare values.
• Keep Records: Save receipts, photos, and documentation for any restoration work or upgrades. These help prove your car’s value.
• Work with an Agent: An experienced insurance agent can help you finalize the agreed value and find the right policy. Little & Sons Insurance Services can guide you through the process.

Why Accurate Valuation Matters

Without agreed value insurance, you risk getting less than your car is worth if something happens. Rare and customized cars often have values that are higher than standard estimates. Taking the time to determine your car’s value ensures you get the coverage you need.

Get Covered Today

Your classic car is an investment that deserves proper protection. At Little & Sons Insurance Services, we work with Banning residents to find the right classic car insurance. Contact us today to get started and make sure your car is covered for its true value.