Classic car insurance

{
  "id": "MLC-T-INS-000785",
  "term": "Classic car insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized type of auto insurance designed for antique, collector, or vintage vehicles that are not used for daily transportation. This coverage is based on an agreed value for the vehicle, which is a predetermined amount that the insurer will pay in the event of a total loss, rather than its actual cash value. Policies typically include restrictions on annual mileage, require secure storage, and mandate that the owner has a separate vehicle for regular use.",
  "url": "https://mlchart.com/terminology/insurance/classic-car-insurance/"
}