Collector Vehicles: Understanding New Jersey Insurance Requirements
As the proud owner of a collector vehicle in Chester, NJ, it’s essential to understand what’s involved in obtaining the right insurance coverage for your prized possession. Navigating the process can be complex due to specific requirements and options available for collector vehicles. At The Insurance Outfit, our agents are here to answer your questions and guide you through New Jersey’s insurance requirements.
New Jersey Collector Vehicle Requirements
To classify your vehicle as a "collector" in New Jersey, it must meet specific criteria:
- The vehicle must have been part of a limited production or have a limited number of models remaining.
- The vehicle is limited to 3,000 miles per year.
- The vehicle must be less than 25 years old.
- The vehicle must have a valid New Jersey registration.
Insurance Options for Collector Vehicles
Limited-use policies typically cover collector vehicles, as they are not used for daily driving but rather for special events, such as exhibitions or parades. When you speak with one of our agents at The Insurance Outfit, we’ll guide you through the available options, which include:
- Liability Protection: Coverage in the event of an accident.
- Spare Parts Coverage: Protection for parts needed for repairs or restoration.
- Restoration Coverage: Coverage for costs associated with restoring the vehicle.
- Agreed Value Coverage: Sets an initial agreed-upon value for the vehicle, ensuring you’re compensated for that amount in the event of a total loss.
Contact Us for Peace of Mind
Protect your collector vehicle in Chester, NJ, with the right insurance coverage from The Insurance Outfit. Give us a call today, and our agents will handle the details, so you can enjoy peace of mind knowing your investment in the past is safeguarded for the future.