Restoring a classic car is part of what keeps it timeless, valuable, and visually striking. A professional restoration expert in New York can source custom parts, upgrade seating, add modern technology, and complete the project with period-appropriate wheels and paint, all while preserving the vehicle’s original character. However, many classic car owners choose to take on restoration projects themselves. If you plan to restore your vehicle on your own, you may wonder whether your classic car insurance policy will cover the process.
Does Classic Car Insurance Cover DIY Restoration?
Many classic car insurance policies offer coverage for do-it-yourself restoration through an endorsement commonly known as vehicle under construction coverage or a similar term. This optional coverage helps protect the agreed value of your classic car while it is being restored, preventing a loss in value during the project.
This coverage is temporary and typically expires upon completion of the restoration. To maintain coverage, policyholders are usually required to provide documentation showing that restoration work is actively in progress. This may include photos, videos, receipts for parts and materials, written explanations of completed work, and a project plan outlining the restoration from start to finish. Keeping your insurer informed throughout the process is essential.
How Vehicle Under Construction Coverage Works
Vehicle under construction coverage is designed to increase the insured value of your classic car as restoration progresses. In many policies, the vehicle’s value increases by a set percentage at regular intervals, often every few months, until a specified maximum increase is reached. This added value remains until the restoration is complete.
Some policies also include limited coverage for automotive tools used during the restoration. Tool coverage limits vary by carrier and may range from several hundred dollars to a few thousand dollars, depending on the policy.
Maintaining proper insurance during a restoration project is an important part of protecting your investment. The agents at AW Burchell Agency Inc. can review your current classic car insurance policy, confirm whether vehicle under construction coverage is included, or help you explore carriers that offer this option. Contact our New York office to learn more before you begin your restoration project.
