What Are Your Options for Coverage of a Car in Long-Term Storage?
When you’ve decided to store a vehicle long-term without driving it, you might be tempted to go without insurance or keep paying your regular insurance premium until you resume driving it. At Senn Insurance Agency in O’Fallon, MO, we help our customers with various unique vehicle insurance situations. They can range from long-term storage, including military deployment situations, to classic cars driven for special occasions and valuable vehicles kept as an investment.
Your Car Has Value that Needs Protecting
Things can happen, even to a car in long-term storage. Without insurance, it’s up to you to manage repairs or accept the loss. Maintaining some form of comprehensive insurance can protect your vehicle from a wide range of risks and ensure that your investment is not inadvertently lost or reduced. Even if the problem is with the storage facility, having your own carefully selected coverage is wise.
Do You Need Liability Coverage if You’re Not Driving the Vehicle?
There may be options to adjust, pause, or modify liability coverage to get the desired protection without unnecessary extras. If your car is registered, though, the state of Missouri expects it to have at least minimum liability insurance coverage and provides penalties if not. At Senn Insurance Agency in O’Fallon, MO, we can help you coordinate registration and insurance issues together. Also, a full lapse in coverage can increase premium when coverage is resumed.
Storing your vehicle doesn’t have to mean continuing your full insurance coverage, but adjusting coverage is something you should consider doing with our experienced help. Give us a call. Let’s talk about your plans and how we can help!