Specialty insurers set eligibility rules
Vehicle age alone does not guarantee collector status.
Usage restrictions may apply
Annual mileage, commuting or driver-age rules can matter.
Valuation method matters
Agreed-value and actual-cash-value settlement approaches are not the same.
Read specialty endorsements carefully
A classic-car policy may not behave like an ordinary OAP 1 package in every respect.
Ontario-specific educational summary. Your actual rights and coverage come from the Insurance Act, regulations, the current Ontario Automobile Policy (OAP 1), your certificate, endorsements and the facts of the claim. Do not change coverage based only on a general web article.