Avéro Achmea · compared independently · advice from Finass
Motor trade stock insurance through Avéro Achmea
Motor trade stock insurance covers the vehicles held as your own company's stock on the site, in the showroom or in the workshop against fire, storm, hail, theft and collision.
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
For a motor dealer, the entire value of the business stands outside on the forecourt. A single hailstorm leaves dozens of roofs and bonnets dented, a fire in the workshop spreads to the row alongside, and in a break-in the keys disappear and then the cars. This policy insures those vehicles as stock, not as individually registered vehicles.
The cover therefore works differently from ordinary motor insurance. There is no registration number per policy. What is insured is whatever belongs at any given moment to the company stock, usually on the basis of a declared average value that is adjusted afterwards. Where the vehicles stand and how the site is secured weigh more heavily than with any other motor policy.
The structure of the cover in three parts, with an overview per situation below.
Basic cover
The basic cover insures the core of your motor trade stock insurance. We show what Avéro Achmea and other insurers offer within it.
Fire & lightning strike
Storm
Possessions away from home
Water damage
Extended cover
Besides fire and storm, also break-in, theft and water damage to your business contents and stock.
Burglary, theft & vandalism
Possessions away from home
Machinery & equipment
Damage through your own actions (comprehensive)
Comprehensive cover
The most complete cover. We compare Avéro Achmea's extended version with the market.
Cash in hand (limited)insurance
Stock & trading goods
Tools away from the premises
Temporarily elsewhere / in transit
What is covered
Situation
Standard
With extension
Fire, smoke and lightning strike
Yes
Yes
Storm from force 7 upwards
Yes
Yes
Water damage from a burst pipe
Yes
Yes
Glass breakage
Provided it is declared
Yes
Groundwater coming through the floor
No
No
Wear and deferred maintenance
No
No
What we do
What we do
At Finass
Direct with Avéro Achmea
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Sometimes
One point of contact for claims
Yes
Sometimes
Cancellation with your current insurer arranged
Yes
No
We determine whether Avéro Achmea is the best choice
Yes
No
Advice fees for you as a customer
No
No
This overview concerns our service, not the cover. What is actually covered is set out in the policy conditions and on the insurer's insurance card (verzekeringskaart); you receive both before you take out cover.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Hail and storm on an open site
For a motor dealer, hail damage is the textbook example of an event that hits the entire stock within a quarter of an hour. With paintless dent removal the costs stay limited, but where the paint has cracked or windows are broken it mounts up sharply per vehicle. Insurers therefore look at canopies, carports and the ability to put stock under cover when a weather warning is issued. Part of the market applies a different, higher excess for hail and storm.
Theft and key management
With stock theft, the argument is rarely about the cover and almost always about the prevention requirements. Insurers set conditions for fencing, lighting, camera surveillance and above all for the storage of keys: in a locked key cabinet, not in the car and not on a board in the showroom. If the cars are driven away with keys from an open cabinet, the payment can be reduced because a prevention warranty has not been complied with.
What the policy does not pay out
Outside the cover are: mechanical and electronic faults and wear and tear, even if an engine seizes during a test drive; loss of value because a model becomes less saleable or because stock stands for longer; and damage during competitions or speed trials. Vehicles not entered in the company stock records also fall outside. Fraud in which a buyer disappears with a car after a test drive is usually excluded or heavily limited.
Basis of value and the adjustment afterwards
Stock changes constantly. That is why the policy works with a declared value, supplemented by a periodic return of the actual position. If you consistently declare too little, a large claim is settled proportionately and you pay the difference yourself. The duty of disclosure in Article 7:928 of the Dutch Civil Codealso applies on application: earlier break-ins, the state of the site and the presence of expensive or theft-prone models must be declared.
Value & stock
Machinery & installations
What does your premium depend on?
Average stock value. The main basis; tested periodically against your actual position.
Stored indoors or outdoors. A locked hall weighs entirely differently from an open forecourt on a main road.
Site security. Fencing, gate, lighting, camera layout and certified alarm response.
Hail risk of the location. Some regions demonstrably have more severe hailstorms; insurers weigh that per postcode.
Composition of the stock. Recent and theft-prone models weigh more heavily than older used cars.
Type of cover and excess. Fire and theft only, extended, or comprehensive including your own fault while manoeuvring.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Only if they belong to the company stock in the records and you declared this on application. A demonstrator registered to the company and used daily by a salesperson for commuting falls outside the stock cover with many insurers and has to be insured as a company car. So go through the list of sales and management cars separately.
What happens with hail damage to dozens of cars at once?
That counts as one event, so the excess is in principle applied once and not per vehicle. The limit per event does apply, however, and with hail in particular it can be reached. So check whether the maximum amount fits your peak stock, and whether a different excess has been agreed for storm and hail.
Is the stock covered away from my own site as well?
Usually an additional location is included, for example a rented storage space or a temporary stand at a trade fair. The condition is that you declare that location and that the security is equivalent. A car standing on an employee's drive at home is not covered. So notify additional locations before you take vehicles there.
Does this policy also cover liability during a test drive?
No. If you take a stock vehicle onto the road, third-party liability cover is needed. You arrange that with trade plates or through cover in the company name. Motor trade stock insurance only pays for damage to the vehicle itself. Both policies are needed as soon as stock actually takes part in traffic.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
