Can I have insurance for old vehicles without acceptance?

Anyone who has an old car is usually very careful with their property. Whether for financial or sentimental reasons, many people keep vehicles that were manufactured a long time ago. These cars are generally excellent mechanically and the owner often thinks before moving on.

If the person fits this profile, they are probably concerned about protecting their assets by taking out insurance. However, when looking for an insurance company to take out the insurance, you are faced with a refusal to accept the risk.

Why can insurers refuse a vehicle for auto insurance?

Insurers usually decline insurance for vehicles over 10 years old, for example, due to the difficulty of replacing parts.

As workshops accredited by insurance companies are committed to using only original parts, when an older car suffers a collision the headache of finding the parts is huge.

Another factor that contributes to the negative acceptance of insurance for old cars is the cost of insurance, compared to the value of compensation in cases of total loss due to robbery or theft.

Currently, there are some alternatives to protect vehicles in this category, but insurers that accept the risk or offer a quote are rare. When they present a quote, the cost of insurance almost always makes it unfeasible to purchase it.

It is common to question this relationship. If the vehicle is “old”, why is the insurance cost expensive? Precisely because of the price of replacing parts and the greater likelihood of using assistance services in cases of breakdown.

Can I have insurance for old vehicles without acceptance?

When an owner of an old vehicle accepts the difficulty of taking out insurance that covers damage to their property, many are still very uncomfortable with the possibility of causing damage to third parties.

Especially those who travel in large cities know that the risk of being involved in a collision is not small. No matter how much skill you have behind the wheel, unforeseen events can happen, causing a large amount of damage when there is a duty to compensate for the loss we caused to someone.

Anyone who has this type of concern and fits into the group of owners of old vehicles can take out optional civil liability insurance.

The contracting process is identical to that of normal insurance, but in this case there will only be coverage for third-party goods and not for the insured vehicle.

This modality allows contracting for material damages, bodily damages and even moral damages. In other words, if the insured party collides with another vehicle, pole, wall, gate or any other property for which they are responsible for compensating the damage, they will have insurance coverage.

Bodily damage coverage will cover compensation due in the event of a collision, for example, or injuries to passengers in third-party vehicles.

Coverage for moral damages that will guarantee compensation, if determined by a judge, for moral damages caused by the material damage caused.

In this way, although the insured's property remains without a definitive protection solution, the damage that may eventually be caused by it can be guaranteed by insurance that brings the necessary peace of mind in times of difficulty. Always pay attention to Susep's rules.