If the car is registered, meaning that it has license plates, it must have liability insurance. If you hace a loan, the bank probably requires insurance. If it is just sitting on private property without tags, no insurance needed.
Excluding finance payments and insurance, maintenance costs could be zero to several thousand per month. It depends on whether the car is sitting in a garage/museum or being driven as they were intended - around racetracks.
Only if it's still being driven while waiting on a buyer
If you want to keep it registered and keep the plates, yes.
If the vehicle is not being driven you are not required to have insurance. Many people however, do still carry, comprehensive coverage on the ''parked or garaged'' vehicle. This coverage protects you from theft, weather, fire, vandalism etc.
If the vehicle is being stored away and not driven then you don't need to carry insurance. But it might be a good idea to carry just theft and fire if the vehicle is worth anything. You should also check with your individual state regulations just to be sure.
If it is completely off the road you do not need to pay insurance. But do not move it one inch on a public road!
Basically, if your vehicle is being repaired at a garage within the ICICI Lombard network, then your claim is cashless. In case the garage is not part of the network, you will be reimbursed for it.
They would need a warrant or permission from the owner of the garage or of the car or both. They could claim there was a risk the car would be driven out of the jurisdiction if they had to wait for a warrant.
Texas does not require car insurance if you are not driving it. You will have to insure it when you decide to drive it again.
Why would you need insurance if your car isn't going to be driven on public streets? Now... if you plan on preserving your car as a collectors item or the like... you can add it to your home insurance. Car insurance companies aren't going to insure a car that isn't being driven - if you have a collection at your home, it'll go under your home-owners insurance. ANC, esq.
There are too many cars in the world to count all of them, especially if you count the ones that are not being driven and are sitting on car lots waiting to be sold.
Collector car insurance is usually fitted to meet the insurance needs on a classic car rather than a modern day car. It benefits you in the sense that collector insurance is cheaper due to the car being driven less, as it is a collectors.