According to a PRWeb.com press release from Car-Insurance.tv, the first quarter of 2009 has seen no slowing in demand for classic and luxury car insurance. What has been the cause of such a demand in the struggling economy?

The press release claims the baby boomer generation is changing their investment strategy to include tangible items, especially classic cars, in their portfolio in place of stocks and shares.

Marketing Director David Healey said: “Our reporting systems clearly show that the number of enquires for both high performance car insurance and classic car cover has been steadily increasing since Mid November last year, around the time of the banking crisis and subsequent stock market crash. It appears that many of our customers are using classic cars in particular as investment vehicles.”

Read the entire press release here: http://www.prweb.com/releases/2009/04/prweb2284324.htm

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