Classic cars · compared independently · advice from Finass
Insuring a classic car
A classic car policy rests on three agreements: a recorded value, a limited number of miles per year and storage that meets the insurer's requirements.
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 an ordinary car the insurer pays the market value. For a classic that concept does not work: the vehicle gets older but not less valuable, and there is no depreciation table for it. Classic car insurance therefore works with an agreed value. An expert records the value in a report and that amount is the starting point on a total loss. Without a valuation you fall back on an argument after the event, at precisely the moment you do not want to have one.
There is something in return. The favourable terms exist because the risk is small, and that risk only stays small if you keep to the agreements: a maximum number of miles per year, no commuting and storage in a locked, dry space. A classic that starts serving as the everyday car, or stands outside in the street, no longer belongs on this form of policy.
Third-party liability cover under Article 2 of the Dutch Motor Insurance Liability Act (WAM) remains compulsory as long as the registration has not been suspended. For a car that is just not old enough for classic terms there is the youngtimer scheme, and for young cars of exceptional value an exclusive motor policy is the route to take. Loose parts on the shelf are not part of the motor policy.
The structure of the cover in three parts, with an overview per situation below.
Our starting point
Comparing independently
We compare Oldtimers with several insurers.
No ties to a single insurer
Advice tailored to your situation
We arrange the switch
What is covered
What we do
At Finass
Direct with Ansvar
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Provided it is declared
One point of contact for claims
Yes
Provided it is declared
Cancellation with your current insurer arranged
Yes
No
We determine whether Ansvar is the best choice
Yes
No
Advice fees for you as a customer
No
No
What we do
What we do
At Finass
Direct with Oldtimers
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 establish whether Oldtimers 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.
The valuation is the heart of the policy
A valuation report from a recognised expert records the value of your classic. On a total loss the insurer pays that amount, without any conversation about depreciation. Article 7:960 of the Dutch Civil Code prohibits a payment from putting you in a distinctly better position, and it is precisely the valuation that prevents that argument. Reports have a limited period of validity; once it expires you fall back on the ordinary way of establishing value after a loss.
Limited use is a hard condition
The favourable premium hangs on the pattern of use: fine weather, club runs, events. Most policies exclude commuting and professional use and attach a maximum to the annual mileage. If you consistently drive more, or use the car as a stand-in for the everyday car, you are acting contrary to the conditions. Report a change in use; moving a classic to a different form of policy is better than a refused claim.
Storage, suspension and the winter season
Insurers set requirements for storage: locked, dry and usually not open to the public. Anyone who keeps the car elsewhere in winter has to say so. If you suspend the registration with the RDW (the Dutch vehicle authority), the insurance obligation under the WAM falls away, but the vehicle can still burn or be stolen. Leave the own-damage cover in place during the suspension, therefore, and do not cancel the policy until the spring.
Restoration, parts and runs against the clock
A car in pieces on the ramp is not a running vehicle; damage during a major restoration often falls outside the motor policy. Parts you keep in stock belong with the home contents or with a valuables insurance, not with the car. Taking part in runs where speed or time is measured is excluded as standard, even where the event presents itself as touring.
What does your premium depend on?
Agreed value. The amount recorded in the valuation report is the basis of calculation for the own-damage cover.
Year of manufacture and age class. Determines whether the vehicle falls under classic or youngtimer terms. Those carry different requirements.
Agreed annual mileage. The lower the maximum agreed, the more favourable the terms. Exceeding it affects the cover.
Storage location. Locked, dry storage is assessed differently from a carport or a space on the public road.
Whether you also have an everyday car. Insurers assume the classic is not your only means of transport. That supports the limited use.
Age and experience of the drivers. There is often a minimum age and a limited circle of people allowed to drive the vehicle.
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.
For own-damage cover on a classic, almost always. Without a valuation the insurer establishes the value only after the loss, and your restoration hours and rare parts are then hard to prove. With a report the amount is fixed in advance. Watch the period of validity: if the report expires, arrange a revaluation in good time, certainly if you have done a great deal to the car in the meantime.
May I drive my classic car to work?
Usually not. Commuting and business use are generally excluded under classic terms, because the premium is based on occasional use. If you want to use the car more often, report it in advance. There are policies with a wider mileage on different terms. Quietly driving more than agreed is the most common reason for argument after a loss.
Can I stop the insurance during the winter?
You can suspend the registration with the RDW. The statutory insurance obligation then falls away. The risks in storage do not disappear with it: fire, theft and water damage remain. It is wiser to let the third-party liability cover rest and keep the own-damage cover running. Many classic car policies have a winter arrangement for this; ask how your insurer handles it.
Are loose parts and tools included?
Not on the motor policy. That covers the vehicle as registered, including what is fitted to it as standard. A second engine, a set of original wheels or rare body panels in the shed belong with the home contents or with valuables cover. Discuss that separately, particularly where the parts collected together represent a considerable value.
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.
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