CLASSIC CAR INSURANCE IN TEXAS

What is Classic Car insurance?

Antique, classic and collector cars need to be insured with the same care and attention to detail that has been lavished on them in their restoration and customization.  Wise Insurance Group understands the difference between insuring your classic or collector car and your daily ride.  Whether you own a Model A, a Studebaker or an early model T-Bird, Corvette, Mustang or GTO, we have the solutions to protect them.
Your classic car coverage will be shaped by how the vehicle is used, the miles driven and what it’s worth. We work with you to help determine what solution best fits your classic vehicle.

Who in Texas should have Classic Car insurance?

Most Texas residents who own antique or rare cars should consider purchasing an antique car insurance policy.  This may include classic cars, hot rods, roadsters, and even some new but very rare models. 

In some cases, a car may fall into a gray area where they might or might not be considered classic/rare. For these vehicles, drivers should speak with an insurance agent who specializes in classic car policies to help you make an informed decision and get the best protection.  The agents at Wise Insurance Group will work with you to identify what type of policy is best, and how much coverage you need.

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Evie has been my insurance agent for many years now. She is perhaps the most knowledgeable person in insurance I have ever dealt with and always gives you the information and available choices like you were family. Her service is exceptional and her advice has always been invaluable for me and my family. I can say without a doubt that I would highly recommend her for anyone’s insurance needs

Mark H. – Allen, Texas

What common areas does condo association insurance help protect?

Condo association insurance may cover many different common areas that complexes typically have. Depending on a particular policy’s terms and conditions, it might cover:

  • Exterior Areas (e.g. walkways, courtyards, basketball courts, fields)
  • Exterior Structures (e.g. fences, gazebos, garbage sheds)
  • Interior Passageways (e.g. foyers, hallways, elevators, stairs)
  • Amenities (e.g. pools, fitness rooms, community rooms, business centers)
  • Maintenance Areas (e.g. HVAC rooms, utility closets, maintenance sheds)

An insurance agent who specializes in condo association insurance can help associations find a policy that provides robust protection for their common areas.

What are the different types of condo master policies?

Condo master policies are often underwritten as bare walls-in, single entity, or all-in policies. The differences between these policy types lie in what features they cover within condominium units:

  • Bare Walls-In: Normally covers only the most basic elements of condominium units, often limiting protection to walls, electrical and plumbing
  • Single Entity: Normally adds coverage for basic features that condominium units come with, often including standard flooring, cupboards, counters, etc.
  • All-In: Normally adds coverage for upgraded original features, possibly including hardwood floors, granite countertops, fireplaces, etc.

All-in policies are also called “modified single entity policies.”

Which type of policy a condominium association purchases is up to its board (or members). Associations might purchase a bare walls-in policy if they want to keep premiums as low as possible. An all-in policy might be used to insure a luxury condominium complex, if unit owners can afford the higher premiums.

A knowledgeable insurance agent can help associations decide what type of policy they’d like to carry.

Classic Car Insurance in Texas

How much does insuring a condominium complex cost?

The premiums for condo master policies vary according to many factors. A complex’s location, size, age, construction, features, and other details can all impact cost. So too can many other details that insurers might ask for.

Because premiums vary across policies, associations should check customized quotes to find out how much their complex will cost to insure. An independent insurance agent can assist with getting quotes from several different insurers.

Whatever the cost of a condo master policy, that cost is typically passed onto unit owners as part of their monthly HOA fees. For this reason, association boards should consider policy costs in light of how much the average unit owner would like to pay.

How can Texas condominium associations get a condo master insurance policy?

For help insuring a condominium complex that’s in Texas, contact the independent insurance agents at Wise Insurance Group. Our agents will work closely with you to determine what type of policy and what coverages are needed. We’ll then help you compare different policies that meet those requirements, so you can select the best available condo master insurance policy for your complex.

 

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