GoodWorks Insurance understands the investment you have made in you collector or antique auto and just how important the right coverage will be in the event of an insured loss. And since every situation, vehicle and person is different we, maintain direct access markets with six insurance carriers that have specialized programs designed to provide the best coverage for your collector or antique auto. With a wide array of specialized markets, GoodWorks, as your independent agent, has the tools to provide the best coverage at the best price, tailored to your unique needs and requirements.
Generally, an antique auto will be defined as 25 or more years old and is maintained primarily for use in exhibitions, club activities, parades, and other functions of public interest. The amount of coverage provided for an antique auto is determined using "stated amount" - an amount that you (the policyholder) and the insurance carrier state as the maximum value for the vehicle - although coverage may also be available on an "Agreed Value" basis. This is the amount of coverage that you and the insurance carrier agree on as the value for the antique auto, based on a recent, certified appraisal. On the other hand, Classic autos are generally autos that are 10 or more years old and have a higher than average value, but may be used more regularly.
The following coverages may be available for antique and classic autos through our program for an affordable price:
For an additional premium, you may be able to add the following optional coverages:
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