Reader question:

I have a question. I have a classic muscle car, and if it were to get totaled, how would I find out what the car insurance vehicle value for it is?

Randy

Thank you for asking, Randy.

Dealing with classic cars, muscle or not, is much different than is dealing with regular car insurance. If you want to protect your assets, then you should get insured through a classic car insurance company. This will cost more, but it will be better in the long run. At a classic car insurance company, the amount that you will be paid should you total your car is decided before hand, not at the time of the accident. You consult with your car insurance agent and you come to an agreed cash value for your car insurance vehicle value.

Cheers,

Fashun Guadarrama.