Whether you have auto insurance, motorcycle insurance, van insurance or classic car insurance – the purpose of your insurance policy is the same. That purpose is to pay for accidents that may occur. How each policy goes about paying your accident claim may be different, but the purpose of the policy is the same.
A very basic auto insurance policy includes comprehensive, collision, medical and liability. However, specialty auto insurance products, such as, motorcycle insurance, van insurance and classic car insurance sometimes need different coverages than the basic insurance policy coverages. The reason for this is the risk is different for these specialty products, thus the coverages need to be different.
For example, a classic car insurance policy may or may not include medical coverage. Classic cars are generally not driven a lot – they are usually used in parades, and how dangerous could a parade be?