Collector Auto Programs

Valuation

· The maximum value per vehicle is $150,000 with a maximum value per collection of $300,000. Values in excess may be referred for approval.

· Value of any one covered auto may not be less than $2,500 for non-modified vehicles and $7,500 for modified vehicles.

Eligible Vehicles

· “Kit” cars built from purchased packages are eligible, when assembled by an experienced manufacturer or dealer.

· “Antique” vehicle which is defined as a vehicle with a year of manufacture 25 or more years prior to the current model year.

· “Classic” vehicle which is defined as a vehicle with a year of manufacture of at least 20 or more, but less than 25 years prior to the current model year.

· “Collectible” vehicle which is defined as a vehicle with a year of manufacture of at least 15 or more, but less than 20 years prior to the current model year.

· “Exotic” vehicle which is defined as a vehicle with a year of manufacture less than 15 years prior to the current model year, but because of its specific make, model year of manufacture, market value, performance capability and exceptional physical condition is considered to be increasing, rater than depreciating in value.

· “Street Rod” vehicle is defined as originally manufactured prior to 1949, which has been mechanically and/or cosmetically altered from its original power and structural configurations, but retains its original identity.

· “Custom” vehicle is defined as a vehicle originally manufactured between and including the years 1949 through present year, which has been mechanically and/or cosmetically altered from its original power and structural configurations, but retains its original identity.