Security clause · storage · restriction on use
Insuring a luxury car: acceptance, security and use
In the top segment an insurer assesses not only the car, but also where it stands and how you drive it. That assessment ends up as a clause on your policy schedule.
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Deze pagina in het Nederlands: Een luxe auto verzekeren: acceptatie, beveiliging en gebruik.
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Work out for yourself what it would cost.
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- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
On a car in this segment, underwriting runs through three questions: how is the vehicle secured, where does it stand at night, and who drives it. The answers are translated into clauses on the policy schedule: a certified alarm system, often combined with a vehicle tracking system with a current subscription and a connected monitoring centre, and a requirement about where the car is kept outside working hours. Those clauses are conditions of cover, not advice.
That difference is decisive in the event of theft. If the tracking system had not been inspected periodically, the subscription had expired or the alarm was not switched on, there is no theft cover, however correctly the premium has been paid. With keyless entry that calls for extra attention: a relay theft leaves no signs of forced entry, so the course of events comes into question. Keep the key shielded, and if you can produce both keys your position is stronger.
In this segment insurers also often limit the use: a maximum number of kilometres a year, sometimes a driver restriction to the policyholder and their partner. If you exceed the declared mileage regularly, report it. A differing declaration touches the duty of disclosure in Article 7:928 of the Dutch Civil Code. The question of value, valuation and depreciation, is set out at the exclusive car insurance.
This page deals with one situation. The full overview is on Compare car insurance.
What to look out for
Four conditions that lead to a refusal in this segment more often than the damage itself.
The security and storage clause
Read exactly what it says: what certification the system must have, whether the subscription with a monitoring centre has to be active, and from what time the car has to stand in a locked space. A clause requiring the vehicle to stand overnight in a a locked garage means that a drive with a gate is not enough.
Mileage and driver restrictions
A low mileage declaration brings the premium down noticeably, but is checked after a claim against the odometer reading and the service history. If there is a driver restriction on the policy schedule, there is no own-damage cover if someone else drives. If you want someone else to drive occasionally, have that restriction adjusted rather than taking the risk.
Repair by a marque specialist
For these vehicles, policies often require repairs at a firm approved by the manufacturer, with original parts. That is good for quality, but the delivery time for parts can mount up. Check whether there is replacement transport and for what period. The steps after a collision are set out at the claims process for car damage.
Driving abroad
The third-party liability cover applies in the countries listed on the green card. For own damage outside the Netherlands, additional provisions often apply about repatriation, recovery and the use of a local repairer. If you drive outside Europe regularly, declare that in advance; the territorial scope is an underwriting question and not a detail.
What does your premium depend on?
- Make and model: theft figures and repair costs vary widely per model
- Security level: a certified alarm and a tracker with a subscription
- Where the vehicle is kept outside working hours: locked garage, own property or public road
- Declared annual mileage: a limited mileage brings the premium down the most
- Group of drivers: restricted to the policyholder or set more widely
- Age and claims history: many companies impose a minimum age
Insurers weigh these details differently. That is where your saving is.
What is covered
| Situation | Third-party liability | Comprehensive |
|---|---|---|
| While reversing you push over your neighbours' garden gate | Yes | Yes |
| A hit-and-run driver scrapes your car in a restaurant car park | No | Yes |
| Hail dents the roof and bonnet during a summer storm | No | Yes |
| You hit a low concrete post while pulling out of a space and the side skirt cracks | No | Yes |
| The car is damaged while a transporter takes it to an event in southern Europe | No | Provided that |
| The turbo fails after a long run on the motorway | No | No |
In this segment the question is rarely whether you take own-damage cover, but on what basis of value it pays out when things go wrong.
Frequently asked questions
This is what people ask us most.
May I take this car on the circuit?
In principle not. Taking part in speed competitions, time trials, regularity runs and skill events is excluded, and most policies also count an organised track day or driver training on a closed site within that. If you do want to, ask in advance for separate day cover with a specialist provider. Without that cover you bear the damage entirely yourself.
What other exclusions apply?
Hire and use as a shared car, carriage of persons for payment, and use by a driver who does not meet the policy clause. Theft while the security was not active or the key was in or near the car is refused. Wear and mechanical defects are never covered, and intent or wilful recklessness is excluded by Article 7:952 of the Dutch Civil Code.
Do I get loss of value after repair paid?
Usually not. An own-damage policy pays for the repair or, in a total loss, the value of the vehicle. The loss in trade value because the car has a claims history remains usually at your expense. A few companies offer additional cover for this; have it expressly included if it matters to you and do not rely on the standard conditions.
I have several cars. Can they go on one policy?
Yes, with a collective policy for several vehicles, where the number of cars used at the same time and the combined mileage determine the premium. That often works out more favourably than separate policies. See insuring a car collection. For a sports car alongside an everyday car, sports car insurance is also an option.