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Driving a classic car in Arizona is an exciting experience that turns a day off into a lifelong memory. That is because classic cars are special autos that turn heads and launch conversations. With classic cars comes Arizona classic car insurance.

At Insurancewide Company LLC, we want Phoenix, AZ residents to be qualified for the kind of insurance they need for their one-of-a-kind vehicle.

What is a Class Car?

Every insurance company has set definitions for classic car, but there are some characteristics that are the same across every classic car policy. If your vehicle is worth more than what you purchased it for, and is over 25 years old, it is going to be classified as a classic car. 

When you consider your car a collectible that you don’t often use, your car is a classic car. The most kinds of classic cars insured are:

• Cars that are 25 years and over
• Antique, hot rods, modified vehicles
• Classic trucks

Qualify for Classic Car Insurance

There are a number of requirements you must meet in order to qualify for classic car insurance:

• Limited Use: Limited use in your classic car insurance policy means that you must have another vehicle for everyday driving. Your classic car policy will stipulate how limited the use is. There may be a limitation on how many miles you can drive it annually.

• Classic Car Events: Your insurance company will help you to understand what kind of events and shows you can use your classic car for. There is special coverage for this.

• Storage: You must have proof that your vehicle will be stored in its own garage with its own security.

• Good Driving Record: Because classic cars are so valuable and expensive, you must show that you have a good driving record. You must not have serious driving offenses on your record.

Get a Quote

At Insurancewide Company LLC, we want Phoenix, AZ classic car insurance to qualify quickly for their policies. Call us today for a quote for Arizona classic car insurance.

Many Phoenix, AZ businesses may think that they don’t need additional liability or umbrella insurance policies. However, we at Insurancewide Company LLC find that many companies do well with this type of coverage. Here’s why you might want to consider this option for your firm.

Why You Might Need Umbrella Insurance 

While not all companies may need umbrella insurance to protect themselves, a growing number are finding this option incredibly beneficial. That’s because it provides a higher level of liability that can help in many different situations, such as when:

• Your Business is Dangerous – If you produce dangerous chemicals or provide services that could be dangerous, umbrella insurance helps to protect you and your potential customers. 
• You Use Company Vehicles – Do you have a fleet of vehicles you use for delivery or other company needs? Umbrella insurance can help to minimize your potential problems. 
• You’re At Risk of Bankruptcy – Are you in a field that is prone to litigation (such as medical care), or are you going through a damaging lawsuit? Umbrella insurance may keep you from going bankrupt.

Typically, umbrella insurance is an excellent option for just about any business. However, even if you’re not prone to litigation in your field, a slip and fall injury could still threaten you if it occurs on your property. Therefore, it is essential to consider this option for your needs as a business to minimize any serious risks.. 

Don’t Neglect This Option 

If you want an umbrella insurance policy to protect your Phoenix, AZ business, please don’t hesitate to contact us at Insurancewide Company LLC right away to learn more. We are professionals who fully understand your needs and who will balance your umbrella policy to be as fair as possible.

If you own a classic car, you have probably thought of insuring it. However, you might have wondered if you need traditional auto insurance or separate classic car insurance. As Insurancewide Company LLC explains, classic car insurance differs from usual auto insurance because, with time, classic cars rise in value. Like most people, Phoenix, AZ residents might also be unsure of the eligibility for classic car insurance. Here is what you need to know

The Eligibility of the Car

• It needs to be 25 years or more.
• Exotic
• Modern muscle car
• Modified car

Most likely, your car may have to meet other requirements such as;

• Be in good condition
• Parked in a secure place like a carport, enclosed garage, or any other approved storage structure
• Not used to the usual daily errands like going to work
• Should not be used in car races
• Should not be driven for specific miles in a year. (Depends on one’s insurer)

The Eligibility of a Driver

As the driver of a classic car, you also need to meet certain qualifications for classic car insurance. Some of those qualifications include;

• You should be 25 years old at least.
• Hold a good driving record with at least 5-10 years of driving experience.
• Own another vehicle that you use for a regular commute to work, school, or other destinations.
• Agree you will not use the car to race

In short, for your car to qualify for classic car insurance, there needs to be something special about it, like advanced age and high value. This policy also offers similar coverage to traditional auto insurance, including liability auto insurance, collision and comprehensive insurance, and uninsured motorist coverage. It can also have other optional coverage depending on your needs.

Residents of Phoenix, AZ, looking to insure their classic cars can reach out to Insurancewide Company LLC. We will help tailor a policy that suits your needs.

Why get extra insurance when you already have your assets protected? This is a question numerous Phoenix, AZ residents struggle with, along with the dilemma of what umbrella insurance covers. Insurancewide Company LLC puts into perspective what this policy is all about and whether you need it.

Defining Umbrella Insurance

Umbrella insurance is a policy that acts as a secondary layer of protection once the liability limit on underlying insurances, such as auto and home insurance, is exhausted. This means that extra expenses related to another person’s injuries, lawsuit claims, and property damage are taken care of under umbrella insurance.

Along with this, an umbrella policy also provides coverage to any family members included in your insurance. If, for instance, your children or spouse cause damage to multiple properties while driving, umbrella insurance covers costs exceeding your auto insurance limit.

Situations Requiring Umbrella Insurance

Typically, some lifestyle factors tend to increase your likelihood of needing umbrella insurance more than other everyday activities. These include:
•    Ownership of pets
•    If you own or rent out a property
•    If you have a vehicle or watercraft, both owned and rented
•    Host family and friends to your premises occasionally
•    If you are a business owner and employ staff

If you check any of the above boxes, then you need an umbrella insurance policy. The above factors are gateways into dog bite lawsuits, wrongful eviction and entry claims, bodily injury claims, and defamation of character trials.

When Does Umbrella Insurance Come In

The first instance where umbrella insurance comes in handy in Phoenix, AZ is when your underlying coverage limits can no longer cover expenses related to damage or liability claims. Rather than let your assets or income pay for the damages in question, umbrella insurance caters to the costs of compensation. If, however, you win your case, your lawyer’s fees are covered by umbrella insurance.

The second instance where umbrella insurance provides relief is when you suffer lawsuit claims not covered in your policy. These include claims related to libel, slander, and false arrest. Additionally, property not insured, such as rental units or boats, will also fall in this category.

While umbrella insurance may seem like an afterthought, it is the secret to keeping your assets secure in unexpected emergencies. Talk to Insurancewide Company LLC to get started on your umbrella insurance journey.