What kind of car insurance coverage should an older type of car carry? Can a classic or modified car be insured? Who will offer such kind of insurance coverage in Texas?

Dominic

Corpus Christi, TX

Under the Texas law it mandates a specific minimum automobile liability insurance coverage for all automobiles registered in the state. Depending on the terms of the individual policy, liability insurance generally covers the cost of property damage, including the cost of repair or replacement for any other property damaged as the result of an accident. Liability insurance also pays medical bills and lost wages as a result of bodily injuries obtained in an accident.

Most people with older type of cars do not purchase collision or comprehensive coverages. With an older car, the cost of repairing the physical damages to the car may be greater than the value of the car itself. In that case, your car insurance company may declare your car “total” and give you a check for the car’s market value instead.

As for your other inquiry, yes, you can insure a modified car but because your car is a specialist car, not all auto insurance companies might be willing to provide and accept the coverage for it since it requires high price for replacement of car parts and also skilled labor if the car was involved in an accident. Thus, you have to take a special car insurance company that is designed especially for modified and classic cars and provides coverage for such cars.