Breakdown Insurance for Classic Cars

Breakdown insurance policies often have limitations on the age of your vehicle. But there are some companies that will cover older cars and classic vehicles. This is good news for you, especially if you have a classic car that you love to drive to car shows, rather than having it transported on a trailer. While the cost of coverage is minimal, you might be asked to purchase replacement parts or supplies. With that in mind, breakdown insurance can be a lifesaver especially if you are traveling in another country or even in an area of your own country that is not familiar to you.

What Happens When You Call for Service

Although companies might vary in their precise coverage, what usually happens when you call for service is that a van will bring the garage to you. A trained, licensed mechanic will arrive at the location where you have had the mechanical difficulty and will take care of the problem. The van will have the most common parts and supplies that are normally involved in simple breakdowns, such as water hoses, filters, oil, gasoline and perhaps even a spare tire. The mechanic will quickly diagnose the problem, and if possible, he will repair the damage.

When the Repair is Too Large for the Road

If the repair is too large or too complicated to be repaired on the roadside, the insurance company will help connect you with a towing service. Your vehicle will then be towed either to your home or to the nearest repair facility. Once there, depending upon your policy type, your breakdown insurance might help pay the bill, especially if it is for a large repair such as working on the transmission or motor.

Advantages of Breakdown Insurance

There are many advantages to breakdown cover. First, you will be able to easily identify the mechanic who arrives on the scene to help with your vehicle problem. The van or towing truck will have your insurance company’s logo on it, and so will the mechanic’s uniform. Second, you won’t be trying to find a local repair shop or towing company while parked in the middle of nowhere. Even with cell phones, it can be difficult to locate service when you are away from home. Third, if your vehicle cannot be repaired quickly and easily, you know that you will be dealing with a professional, reliable repair shop that will have standardized prices that are fair for everyone.

Response and Repair Time

Response time will vary, of course, depending upon your location. Many companies have mechanics that cover specific areas, so if you are within the coverage area of your company, response times can be fairly quick. Most repairs that can be taken care of at the roadside will take thirty minutes or less once the mechanic is on site. If you are heading for a special event, appointment or interview, those can be life-saving minutes.

Classic Vehicles and Coverage

Age does make a difference in the type and amount of coverage, but it is good to know that you can get roadside assistance for your vehicle, regardless of its age. So whether you have an aging family flivver or a proudly restored and lovingly well-kept classic, you will have someone to call in case of an emergency mechanical failure.

Relative Cost for Coverage

Most breakdown policies have a monthly fee that is less than the cost of a fast food meal. That is a very low sum to pay for peace of mind, especially if you have a long commute or if you do over the road sales or engage in some other occupation that requires travel.

Where to Go for an Unsecured Loan

Finding a fast personal loan means knowing where to go for an unsecured loan. There are several places to go when you want to apply for an unsecured loan. In finances, just like in life, sometimes it is more important who you know, but even if you are not “connected” you can find unsecured loans. Unsecured loans are loans that require no collateral to back them up.

You should have these things in hand when you go to apply:

  • Proof of income – pay stub, tax form
  • Identification, driver’s license with photo
  • Recent bank statements
  • Personal references information

If you have good or excellent credit it will be easier to find this type of loan. If you have no, bad or poor credit rating the search is a bit harder, but not impossible.

Where to Go for an Unsecured Loan

  1. Friends or Family. The best place would be somewhere you borrow cash with no interest. This could be a family member or a friend.
  2. Credit Card Advance. Another opportunity to obtain an unsecured loan at low or no interest is with or a credit card that has a low interest rate or special deal for balance transfers.
  3. Financial Institution. The next best place to seek an unsecured loan would be a regular financial institution like a bank or credit union. Here you need good credit standing and your loan will have a longer repayment period than cash advances. These are low interest loans for most applicants.
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