Don't get confused about the terms when discussing car insurance. Protect the value of your muscle car with these definitions...

When discussing classic car insurance, there may be some terms which aren't that clear to understand. Heacock Insurance did the homework and defines each major term with you so there's no confusion. After all, why wouldn't you want to protect the value of your car?

• Agreed Value: The real-world, current market value of the vehicle to be covered, established through sources that include the vehicle owner, printed price guides, and the expertise of the Heacock Classic underwriting staff.

• Antiques: The lowest-cost policies available from Heacock Classic, designed for stock vehicles more than 50 years old.

• Classic: Not limited to age, the defining factor of a “classic” car is its value by the enthusiast community. If a vehicle has a following, an event or club dedicated to it, or warrants feature articles in an enthusiast magazine, it’s considered a “classic.”

• Collectors: A type of policy for the serious car collector for vehicles more than 25 years old.

• Deductible: As in a conventional automotive policy, this is an amount the car owner is responsible for paying before the insurance coverage “kicks in.” Heacock Classic offers policies with no deductible.

• Mileage Plans: Heacock Classic policies are based on Agreed Value and the amount of miles per year the collector car will be driven. Plans are available for 1,000, 3,000 and unlimited annual miles.

• Passion Factor: Heacock Classic agents understand the passion collectors feel for their cars. Many of them are enthusiasts themselves.

• STP: Short for Storage, Transit and Paddock, the off-track venues where Heacock Classic can insure vintage and contemporary race cars.