by Richard Kilner
Chubb Personal Insurance has warned that many classic car collectors are paying over the odds for their insurance needs.
Worldwide Underwriting Manager Paul Franklin has expressed concern that those with vintage cars and high-powered racers may not only be paying too much but getting too little coverage.
Franklin has advocated, instead of adding the new cars to a standard insurance policy, taking out a collector car policy which can include lower premiums as the cars are infrequently used and particularly well-maintained.
Another big difference between cars collected and cars used everyday is that an everyday vehicle constantly loses value, whereas the vintage vehicle appreciates rather than depreciates.
Franklin also advises collectors to look for insurance offering global coverage, no limitation on mileage and high comprehensive, collision and liability limits.
www.CitiLinkBlog.com share 5 things you need to know about daily car insurance.
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Car insurance rip-off: 5000 firms chasing claims... and 700 of them have been ... Daily Mail - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEhQXUQ_kGZ-hOME4r1fjtIDDv-vwamp;url=http://www.dailymail.co.uk/news/article-2096563/Car-insurance-rip-5-000-firms-chasing-claims--700-struck-off.html?ito%3Dfeeds-newsxmlimg src=//nt3.ggpht.com/news/tbn/B9TD5eG45JbBnM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Daily Mail/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEhQXUQ_kGZ-hOME4r1fjtIDDv-vwamp;url=http://www.dailymail.co.uk/news/article-2096563/Car-insurance-rip-5-000-firms-chasing-claims--700-struck-off.html?ito%3Dfeeds-newsxmlbbCar insurance/b rip-off: 5000 firms chasing claims and 700 of them have been b/b/b/abr /font size=-1bfont color=#6f6f6fDaily Mail/font/b/fontbr /font size=-1Insiders say that Ms Greening is furious the legal establishment has tried to block reforms and protect its rich pickings from the scam, which is sending bcar/b-binsurance/b premiums rocketing. The Prime Minister is to chair a special Downing Street summit b/b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEfZRX_dNUUvG_oj8riYZ6j8WSWpQamp;url=http://www.liverpooldailypost.co.uk/liverpool-news/uk-world-news/2012/02/05/summit-tackles-whiplash-epidemic-99623-30270917/Summit tackles #39;whiplash epidemic#39;/afont size=-1 color=#6f6f6fnobrLiverpool Daily Post/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dGTYRAxGU1zfOFMyFODEz0NBTNz_Mamp;ned=usnobrball 196 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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U.S. Census Bureau Daily Feature for February 4 Bradenton Herald - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHKoRh7YGKXepJdFZciIpErcj6UTgamp;url=http://lincolntribune.com/?p%3D27047img src=//nt0.ggpht.com/news/tbn/xNPtwBA6Gkwj5M/6.jpg alt= border=1 width=80 height=80 /br /font size=-2The Lincoln Tribune/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEMSfl39TTtwaKZAw1vTavgHm9PGAamp;url=http://www.bradenton.com/2012/02/04/3846661/us-census-bureau-daily-feature.htmlbU.S. Census Bureau bDaily/b Feature for February 4/b/abr /font size=-1bfont color=#6f6f6fBradenton Herald/font/b/fontbr /font size=-1bCar insurance/b is both required and a major item in the budget of most households. The idea of insuring cars against accidents began this month in 1898 when The Traveler#39;s Insurance Company issued a policy to Dr. Truman Martin of Buffalo./fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGbFWA1Jozyt2-GtKY2jkyMUFQxggamp;url=http://www.marketwatch.com/story/us-census-bureau-daily-feature-for-february-4-2012-02-04US Census Bureau bDaily/b Feature for February 4/afont size=-1 color=#6f6f6fnobrMarketWatch (press release)/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dde50yZrp0x9IUMZ8F_X6xzGzuvVMamp;ned=usnobrball 29 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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Justine Greening: Britain is the whiplash capital of Europe and Im going to ... Daily Mail - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGnW_kp23VihbKk_-Gnr6rJxlRZHwamp;url=http://www.dailymail.co.uk/news/article-2096597/Justine-Greening-Britain-whiplash-capital-Europe--Im-going-stop-it.html?ito%3Dfeeds-newsxmlimg src=//nt2.ggpht.com/news/tbn/hku3Jpo2udkSAM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Daily Mail/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGnW_kp23VihbKk_-Gnr6rJxlRZHwamp;url=http://www.dailymail.co.uk/news/article-2096597/Justine-Greening-Britain-whiplash-capital-Europe--Im-going-stop-it.html?ito%3Dfeeds-newsxmlbJustine Greening: Britain is the whiplash capital of Europe - and I#39;m going to b/b/b/abr /font size=-1bfont color=#6f6f6fDaily Mail/font/b/fontbr /font size=-1By Justine Greening With so many families tightening their belts, there is a growing feeling of deep unfairness about bmotor insurance/b premiums. Cars are a necessity for most people, an essential part of everyday life that allow us to get to work, b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=da_WXhc3Tify43Mamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table
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Key moves for surviving low interest rates Daily Camera - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFstugfbvt0CUOLL77vF7Zq6-kwwAamp;url=http://www.dailycamera.com/business-columnists/ci_19878737bKey moves for surviving low interest rates/b/abr /font size=-1bfont color=#6f6f6fDaily Camera/font/b/fontbr /font size=-1For borrowers, the promise of low rates may be the assurance you were seeking to start researching a new bcar/b, a mortgage refinancing or to become a homeowner. quot;Rates have been low for so long now that consumers have gotten complacent about it,quot; said b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dFHtOQI9Y7ao4SMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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Readers queries Irish Times - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH6Gj9QOcAeJu0eJ8zUvMN-J-7hpAamp;url=http://www.irishtimes.com/newspaper/pricewatch/2012/0206/1224311325374.htmlbReaders#39; queries/b/abr /font size=-1bfont color=#6f6f6fIrish Times/font/b/fontbr /font size=-1“It was a Hyundai. He was informed that the bdaily/b charge for the bcar/b was €12 but that he would also have to purchase “mandatory binsurance/b” for €20 a bday/b. This was the first time he was told of this. He was informed that his credit card binsurance/b, b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dSgsh3G9a8cz1wMamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table
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