Third-party liability insurance
- Damage to other vehicles
- Injury to third parties
- Damage to objects
Insuring a BMW youngtimer
A youngtimer policy is not a discount but a separate set of conditions, with requirements as to age, use and storage that you have to meet all year round.
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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
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
For a BMW of roughly fifteen years old or more, insurers offer a separate type of policy. Conditions attach to it: another car must be available for everyday use, the annual mileage is limited, the car is kept in storage and the driver has to meet a minimum age. If you meet those points, the car is assessed more favourably. If you no longer meet them during the term, that is a change in risk you have to report.
The second question is the value. On an ordinary policy a loss adjuster establishes the market value after the claim, and that works out badly on a car where the market varies. With a valuation report from a recognised expert the amount is fixed in advance; Article 7:960 of the Dutch Civil Code makes such a valuation binding as long as the report is valid. Have the condition, the odometer reading and the history recorded in the report.
The third point is what is simply wrong with an old car. Rust, wear and deferred maintenance are excluded in every form of own-damage cover. For other makes from the same period, read Insuring a Mercedes-Benz youngtimer.
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BMW youngtimer: what is covered?
The structure of the cover in three parts, with an overview per situation below.
Third-party liability + fire and theft
Also, damage to your own vehicle from external causes.
- Theft and burglary
- Fire, storm and hail
- Windscreen damage
- Collision with animals
Comprehensive cover
Including damage to your own vehicle through your own fault.
- Own fault and single-vehicle accident
- Vandalism
- Unknown party at fault
- Total loss
What is covered
| Situation | Third-party liability | Third-party liability + fire and theft | Comprehensive |
|---|---|---|---|
| Damage to another vehicle | Yes | Yes | Yes |
| Theft of your BMW youngtimer | No | Yes | Yes |
| Windscreen damage or stone chips | No | Yes | Yes |
| Storm, hail and fire damage | No | Yes | Yes |
| Driving into a bollard yourself | No | No | Yes |
| Track use, wear and intent | No | No | No |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
What does your premium depend on?
- Agreed value. The basis for the own-damage cover. Without a valuation the fall-back is market value.
- Model, version and originality. A sought-after version with original parts is assessed differently from a modified example.
- Annual mileage. The limited mileage is the heart of the scheme and appears as a clause on the policy.
- Storage. Locked, dry storage is a condition on virtually every youngtimer cover.
- Age and no-claims years of the driver. Many schemes apply a minimum age and a demonstrable claim-free record.
- Type of cover and excess. Third-party liability, third-party fire and theft or comprehensive on a valued amount give a widely differing premium picture.
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.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The conditions of the scheme are exclusions as well
The second car, the limited mileage and the locked storage are not wishes but clauses on your policy schedule. If the youngtimer starts going to work every day after all, or the other car disappears from your household, the risk on which the underwriting was based changes. Report that in writing. If it emerges after a claim that the situation had long been different, the insurer can rely on Article 7:930 of the Dutch Civil Code against you.
Without a valuation report you get market value
For a well-maintained E30, E36, E39 or E46 the asking price can be well above the average market value. A valuation report fixes the value in advance and prevents you ending up in an argument with a loss adjuster's report after a total loss. Such a report has a limited period of validity and has to be renewed afterwards, certainly if you are restoring the car. Have photographs, the odometer reading, the version and originality recorded in the report.
Rust, wear and deferred maintenance
Rusted-through wheel arches, a worn clutch, a leaking radiator hose: those are not insured events but the condition of the car. Consequential damage from a defect you knew about also falls outside the cover. Keep service invoices and inspection reports; they show that you kept the car up to standard and are the first thing requested in a fire or claims investigation. Without that documentation your position is weak.
Parts determine the repair time
Bodywork, interior parts and version-specific components are becoming ever harder to obtain new for these models. The repairer then falls back on used or reproduction parts, and conditions differ on payment for those. Ask in advance how your insurer deals with used parts and whether you may nominate a specialist yourself. Replacement transport is usually not included as standard on a youngtimer policy.
Repairs and parts
Parts are becoming scarcer, which pushes up repair time and costs.
Acceptance differs per insurer
Not every company applies the same policy for this make. With unusual versions, the question is not what it costs but who will accept it.
Frequently asked questions
This is what people ask us most.
From what age does a youngtimer scheme apply?
In reality a car qualifies from about fifteen years old, but the limit differs per insurer and some apply a different age or an upper limit after which the classic car policy begins. Alongside the age of the car, the conditions of use count. Have your situation put to several companies. The age limit alone does not determine whether you fit.
Do I also have to have another car?
On most youngtimer covers you do. The scheme assumes the car is not your everyday transport. That is why insurers ask for a second car in the household. If that car disappears, report it straight away. If you keep driving without reporting it on a policy whose conditions no longer fit, you run the risk that a claim is not paid in full.
Is rust insured?
No. Rust is a gradual process and counts as wear, which is excluded in every form of own-damage cover. The consequences of rust, such as a sagging mounting or a leak, are also at your expense. What can be covered is sudden external damage. Have the underside checked periodically and keep the invoices; that is your only supporting evidence in a claim.
What happens if I have no valuation report?
In a total loss or theft the market value is then established by a loss adjuster acting for the insurer, on the basis of comparable cars in the market. For a well-maintained example that often works out lower than what you paid or invested yourself. You can dispute the assessment and instruct an independent loss adjuster, but that takes time. A valuation in advance avoids the whole argument.
Every situation is different. For these situations we have a separate page.
- Compare youngtimer insurance & take out cover at a good priceThe main page
- Insuring a Porsche youngtimerPorsche youngtimer, value over time, security, repair
- Insuring a Mercedes Benz youngtimerMercedes-Benz youngtimer, value over time, security, repairs
- Insuring a BMW M3BMW M3, value over time, security, repairs
- Insuring a CorvetteCorvette, value over time, security, repairs
- Insuring a BMW M4BMW M4, value over time, security, repairs
- Insuring a ChevroletChevrolet, value over time, security, repairs
- Insuring a Porsche 911Porsche 911, value over time, security, repair
- Insuring a BMW i3BMW i3, value over time, security, repairs
Read more
Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
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.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.