Antique & Classic Auto Coverage from LRA Insurance
The value of antique and classic automobiles are based on their age, availability, and their type or model. Often, the owner’s expense of restoration can equal the vehicle’s actual worth. To qualify as an antique automobile, as defined in the automobile rate manual, ia one that is a motor vehicle of the private passenger type, more than 25 years old, maintained solely for the use in exhibitions, club activities, parades and other functions of public interest. Physical damage coverages are insured on a stated-amount basis.