Specialty auto insurance is designed to cover vehicles that don’t fit the mold of standard auto insurance policies. These vehicles often have unique characteristics or uses that require tailored coverage.

Types of Vehicles Covered

Specialty auto insurance typically covers a variety of unique vehicles, such as the following:

• Classic and antique cars—These older vehicles have historical value and are often used primarily for shows and exhibitions.

• High-performance cars—Sports cars and other high-speed vehicles typically require higher coverage due to their increased risk.

• Modified vehicles—Cars significantly altered from their original factory specifications typically need specialty coverage.

• Collector cars—Vehicles that are part of a collection and are not driven regularly.

• Exotic cars—High-value, rare cars that are often imported typically have unique insurance needs.
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Key Features of Specialty Auto Insurance

The following are key features of specialty auto insurance:

• Agreed value coverage—Unlike standard policies that pay out the actual cash value of a vehicle, specialty auto insurance often uses agreed value coverage. This means the insurer and the policyholder agree on the car’s value upfront, helping to ensure full compensation in the event of a total loss.

• Flexible usage—Policies can be tailored to how often and where the vehicle is driven. For example, a classic car used only for exhibitions might have different coverage than one driven regularly.

• Specialized repair options—Coverage often includes access to specialized repair shops experienced in handling unique vehicles.

• Spare parts coverage—Many specialty policies cover the cost of spare parts, which can be expensive and difficult to find for rare or antique vehicles.
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Why You Might Need It

If you own a vehicle that falls into one of these categories, standard auto insurance might not provide adequate coverage. Specialty auto insurance ensures your unique vehicle is adequately protected, giving you peace of mind and financial security.

Learn More

Contact FSB Insurance to discuss insurance for your specialty vehicle.