{"id":4595,"date":"2023-03-09T15:24:56","date_gmt":"2023-03-09T15:24:56","guid":{"rendered":"http:\/\/nycscreenwriter.org\/?p=4595"},"modified":"2023-04-03T11:05:14","modified_gmt":"2023-04-03T11:05:14","slug":"young-and-oldtimer-insurances-what-is-to-be","status":"publish","type":"post","link":"http:\/\/nycscreenwriter.org\/young-and-oldtimer-insurances-what-is-to-be.html","title":{"rendered":"Young – and oldtimer insurances – what is to be considered?"},"content":{"rendered":"

\"Young<\/div>\n<\/p>\n

In contrast to a new car, which loses about 20 percent of its value after just a few kilometers, the situation with classic cars is the other way around. The older the vehicle is, the more valuable it becomes. An expert opinion is required to determine the optimum value here from an actuarial point of view.<\/p>\n

Here the value can increase from year to year and for this reason the former purchase price can not be applied as basic insurance, as with a new car after an accident or theft. A classic car that once had 30.The system, which cost DM 000, can now easily sell for DM 120,000.be worth 000 euros. Therefore, only a classic car insurance can be considered for the value assessment.<\/p>\n

Why no normal insurance?<\/h2>\n

A car that 4 years ago 42.If the vehicle has cost \u20ac 000 and is now only scrap metal due to a total loss through no fault of its own, the value is calculated according to a Schwacke table minus the loss in value over time. The general condition is then no longer important. Here only the year of manufacture counts.<\/p>\n

In the case of a classic car, it depends on what make it is and how this make is currently traded. Since it is not a new vehicle, the condition, mileage and appearance of the vintage car is important for the insurance. In addition, whether it is a rare vehicle, of which there are no longer many models.<\/p>\n

For example, the BMW Isetta, which saw the light of day in 1955. At that time the Isetta cost 2580 DM and was driven over 150.000 times sold. In the meantime this little oldtimer will not be under 17.000 euros offered. With a normal insurance with current value account at the time 1955, perhaps still a pack of cigarettes would come out with it.<\/p>\n

Here only a classic car insurance can be the optimal solution. However, a distinction must be made here between comprehensive insurance and partial comprehensive insurance. Already because, depending on the model, the insurance is quite cheap, hardly a classic car fan will take out a partial cover insurance for his beloved classic car.<\/p>\n

Now not every car, which has already a few years on the hump, is equal to a classic car. A classic car is a registered car at least 30 years old in a well-maintained condition with enthusiast or collector value. The classic cars are usually recognizable by the H license plate introduced in 1967.<\/p>\n

What are the differences between a youngtimer and a classic car??<\/h2>\n

The Motor Vehicle Act in Germany regulates quite clearly here which car can be registered as a classic car. The car must be worthy of preservation to be recognized as a historic car and must not be in constant use. In the case of the minimum age, a distinction is made between two variants. Either the car is at least 30 years old or year of construction 1955 and older.<\/p>\n

The list of historic vehicles is updated annually by the Federal Ministry of Transport.<\/p>\n

The classification as a historic vehicle officially also has some advantages. A classic car does not have to comply, in terms of registration requirements, with the current and often much stricter specifications for exhaust emissions and brakes.<\/p>\n

The Youngtimer is for the time being "only" a collector’s vehicle. For this category there is no legal requirement or regulation. In essence, Youngtimer is considered a car, which is already old to stand out in today’s traffic as a rarity, but is still too young to be considered a classic car, which also affects the registration. Mainly it concerns particularly appealing vehicles, eye-catching special actions or also once particularly quirky models, as for example the Fiat Multipla, the Saab 900 or Opel Manta, in order to call only a few. From the insurance benefits here are no significant differences recognizable (negotiable). There are no tax advantages.<\/p>\n

Where are the advantages and disadvantages of insurance here?<\/h2>\n

These vehicles are not used vehicles, which are driven to work every day and therefore the risk of damage is higher than for a classic car, which is rarely, if ever, used and treated like a raw egg. Therefore, it is enough for most insurance companies if the car is at least 25 years old.<\/p>\n

Advantage of special insurance:<\/h3>\n

Disadvantage of the special insurance:<\/h3>\n