U.S. Spec vs. non-U.S. Spec Cars
When you are in the process of obtaining international auto insurance, you will be asked whether or not the car has been built to U.S. specifications.
What's the difference?
Besides recording miles or kilometers the main differences are emissions and safety regulations, but for insurance purposes, the value of the vehicle is main consideration. A car purchased in a different market has been priced differently than a similar car in the U.S.
If your car is U.S. spec, Clements uses the National Automobile Dealers Association (NADA) Guide to determine the value of the vehicle. If it is non-U.S. spec, Clements takes the purchase price then calculates annual depreciation of the vehicle’s value.
Find the value of your car at nadaguides.com
Labels: international auto insurance