Automobiles have long been a passion for collectors and enthusiasts, as well as a valuable financial investment. Whether it’s a popular performance car, a culturally important vehicle, a high-end luxury marque, or a rare antique — collector cars have captured the imagination and emotions of aficionados for many generations.
If you currently own a collector car, or if you plan to purchase one in the future, there are special considerations to take in order to protect your investment.
When it comes to insuring your collector cars, it pays to have an experienced partner at the wheel. Most standard auto insurance solutions may not meet the unique needs of high-value or collector cars. But with Marsh McLennan Agency Private Client Services (MMA PCS), you have access to the expertise, global resources, and specialty solutions you need to ensure you’re properly covered.
Here, MMA PCS explores the world of collector cars and the risks that come with owning them.
Reducing Risks When on the Road
One thing all car collectors share is a passion for driving. However, when it comes to taking prized vehicles out on the road, collectors need to keep potential risks in mind.
Risks in Storing and Maintaining
Keeping collectible cars under lock and key sometimes isn't enough to protect them from damage or loss. Collectors should be aware of natural and human-caused threats, from severe weather to theft.