Car Insurance
Protect Your Classis Car
Car insurance is an essential part of car ownership and most likely, the next thing you have to consider after buying the car. Insurance can be tricky when it comes to classic cars like the Packard because it is not the regular insurance package that applies in this case. Thus, it is advisable to let an insurance professional handle the process for you, or you should get more information first.
It is essential after buying a classic car to get insurance on it. And we can help you with the insurance process. The purpose of the classic car will determine the insurance you get. If it is a car you wish to be using on a regular basis, normal car insurance is the best choice, but this will be more expensive. Where the car is a collector car with only once in a while use, classic car insurance is less expensive but doesn’t give as much freedom. At Packard Foundation, we can help you get the insurance you need for your car. We work with many insurance companies that offer classic cars and regular car insurance, and when you get your car insurance through us, you will be getting a discount. The best way to protect your car value is through insurance, but insurance is not as simple as it sounds.
Given the number of insurance providers, it is easy to be confused. We are here to guide you through and ensure you have the most suitable insurance policy for your classic car. We know the policy to go for, and we make sure you get suitable and affordable premiums on the policy. We have insurance experts who will help you with the whole insurance process such that you will not have to bother yourself with all the hard work involved. Our car insurance will protect you against fire, theft, malicious or accidental damage, and many more. We are very particular about the extent of the coverage that the insurance offers because of the multiple risks.
Importance of Car Insurance
Protect Yourself
Comprehensive insurance protects your property such that in case of loss, destroy or damage, the insurance company will be responsible for restoring or repairing the property. It will usually cover certain incidents which generally include theft, accidental or malicious damage, and fire. It might also cover natural disasters, and some people even extend their premium to include events that seem like it will never happen.
Lenders Require It
Before lenders give you a loan to buy a car, insurance is one of the things they require because they have to protect their investments. Thus, if you are using finance to get a car, you are highly unlikely to avoid it.
Mandated by Law
The law mandates car owners to get the insurance that will cover the damage their car does to another third-party property and person. It is called third party insurance.
DISCLAIMER. THIS INFORMATION IS ONLY AVAILABLE AS A GENERAL GUIDE ON THE GOVERNMENT POLICIES. IT IS DERIVED FROM THE OFFICIAL AUSTRALIAN GOVERNMENT SOURCES. WE DO NOT BEAR ANY RESPONSIBILITY FOR THE COMMENTARY AND ANALYSIS OF THIS PUBLIC DOMAIN INFORMATION NOR ANY LIABILITY FOR HOW THE FACTS ARE INTERPRETED. IT IS RECOMMENDED THAT YOU SPEAK WITH AN ACCOUNTANT OR FINANCIAL ADVISOR TO GET PRECISE INFORMATION AND ADVICE ON YOUR SITUATION.