Curious to find out if there are any product providers that offer warranties for classic cars? I am sure there would be a considerable amount of owners that would be interested in a product like this even with a higher deductible and premium.
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YOUR RESEARCHClassic vehicle warranties
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I'm not sure a provider would be able to price all the risks associated with a warranty, brand by brand and model by model. Throw in the complications with NLA parts and the variable conditions of vehicles greater than 30 year old and I reckon the policy exemptions would be extensive or the premium would be eye watering....actually most likely both! Developing a long term relationship with a good and trustworthy mechanic might be a better a bet. Or exploit the simpliciity of these old cars and do it yourself.
Agree that the scarcity/speciality of these vehicles is several degrees higher than modern counterparts. Along with vehicle pre-existing wear/condition, the risk of failures can be high for insurers. However personal insurances are still offered to those deemed high risk, albeit with sky high premiums and deductibles. I feel that there would still be a market for this given the peace of mind/drivability it can offer. Plus it could possibly add to the cost base of the vehicle when selling - reducing capital gains / deductible expenses in certain scenarios. Just a shower thought.
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