Third-party liability
- Compulsory from registration onwards
- Even with limited use
- Suspension possible
Valuation · limited mileage · vehicle excise duty
Compare classic car insurance
This policy hangs on one document: a valid valuation report. If it has expired at the time of the loss, from that moment you are insuring a market value that has nothing to do with your car.
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Deze pagina in het Nederlands: Oldtimerverzekering vergelijken.
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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
Classic car insurance pays out at an agreed value instead of market value. That is not just a pleasant arrangement, it has a statutory basis: Article 7:960 of the Dutch Civil Code prohibits a loss from putting you in a better position, but makes an exception for a valuation drawn up by an expert. A valuation in advance of this kind binds the insurer. If the car is stolen or damaged beyond repair, the discussion about value has already been had.
Against that certainty stands a restriction on use. The premium rests on the assumption that you drive few miles, that there is another car for everyday work and that the classic is kept indoors. Those are not recommendations but policy conditions. If your actual use differs from them, report it; otherwise, after a loss, you end up with Articles 7:928 and 7:930 of the Dutch Civil Code.
The age thresholds vary. Insurers generally apply twenty-five years for a classic car policy and fifteen years for a youngtimer insurance. For tax purposes the exemption from vehicle excise duty starts at forty years, with a transitional scheme at a reduced rate for slightly younger cars on condition that they are not driven in December, January and February. See also classic car insurance.
What does classic car insurance cover?
The structure of the cover in three parts, with an overview per situation below.
Third-party, fire and theft
Theft, fire, storm and glass damage at the agreed value.
- Theft and fire
- Damage in storage
- Payment at the agreed value
Comprehensive
Damage through your own fault as well, at the agreed value.
- Own fault
- Events and tours
- Often with an excess
What is covered
| Situation | Covered |
|---|---|
| Theft from a locked garage | Sometimes |
| Fire damage during restoration | Sometimes |
| Damage during a rally or club event | Sometimes |
| Daily commuting | No |
| Speed events and track use | No |
| Wear, rust and deferred maintenance | 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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
An expired valuation puts you back on market value
A valuation report is generally valid for three to five years. If it expires and something happens afterwards, you fall back on market value and the benefit of the whole arrangement is gone. Put the end date in your diary and arrange a revaluation sooner than strictly necessary if the market is rising. Have the report drawn up by a a recognised valuer as well, and make sure it includes photographs, the chassis number and any unusual specification details; after a theft that report is your only evidence.
The second car is a condition, not an assumption
Almost every classic car policy requires another car to be available for everyday use. If that car leaves your household and the classic regularly goes to work with you, the use departs from what was declared. Insurers test that after the event against fuel receipts, odometer readings and the location of the accident. The result is not a discussion about reasonableness but reliance on the duty of disclosure, with a reduction or a refusal as the outcome.
Tours are allowed; speed and circuits nowhere
Club events, tours and concours events generally fall within the cover, even where a route book is involved. Speed events and track use are excluded everywhere, including on a driver training day. For regularity runs where time is kept, it differs by insurer; ask about that in writing before you enter. If you are driving to an event abroad, check that the territory on the green card includes those countries.
What stands beside the car falls outside the policy
Enthusiasts collect: a second engine, a set of original wheels, trim, tools. That stock does not fall under the motor policy and usually not under ordinary home contents cover either, certainly not in a shed. Insure it separately through a valuables insurance or a separate section. If the car lies in pieces at a restorer, report that as well; damage during a restoration is not automatically covered and the firm's liability is a separate question.
Forty years for the exemption, with a transitional scheme
Vehicles of forty years and older are exempt from vehicle excise duty. For vehicles just below that threshold there is a transitional scheme at a reduced rate, on condition that they are not driven in the winter months of December, January and February. If you do drive in those months, the benefit is lost.
Look at restoration and parts separately
If the car lies in pieces or stands at a restorer, that is a different risk from driving. Report it; some policies have separate restoration cover. Loose original parts in the loft do not fall under the motor policy and belong on the home contents or valuables insurance.
What does your premium depend on?
- Agreed value — The value recorded in the report is the basis of calculation for the own-damage premium.
- Year of manufacture and classification — Whether the car is treated as a classic or as a youngtimer determines which rate and which conditions apply.
- Maximum annual mileage — The upper limit agreed; a wider band costs premium, a tight band asks for discipline.
- Storage — A locked garage, a shared lock-up or outside on the drive makes a difference for theft and weather damage.
- Drivers and claims history — Age, experience and whether other members of the household drive; some policies set a minimum age.
- Type of cover and excess — Third-party only, third-party, fire and theft, or comprehensive, and the excess you accept per event.
Insurers weigh these details differently. That is why comparing pays off.
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.
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.
Frequently asked questions
The questions we are asked most often about this.
From what age does my car count as a classic car?
Insurers generally apply twenty-five years for a classic car policy and fifteen years for a youngtimer policy. That stands apart from the tax threshold: the exemption from vehicle excise duty begins at forty years. A car can therefore run perfectly well on a classic car policy and still be liable to road tax. Look at both thresholds separately, therefore.
What happens if my valuation has expired?
The binding effect of the recorded value falls away and the insurer pays the market value. That is precisely the amount you wanted to get away from with a valuation. Have the report renewed in good time and keep the old one; where the market has risen sharply it is also worth arranging a revaluation sooner than the period of validity requires.
How many kilometres may I drive each year?
That appears as a band on your policy schedule and differs by insurer. If you consistently drive more, say so and have the band adjusted; the difference in premium is limited and the difference after a loss is not. On a claim, insurers compare the odometer reading with the declaration and with earlier test data.
May my partner or child drive the classic?
Often yes, but many policies set a minimum age or limit the cover to a named circle of drivers. If someone drives who does not fall within it, the own-damage cover can fall away while the third-party liability cover remains in place under the WAM. Have it recorded who may drive before you hand over the key.
Read more
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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.
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This page was written and checked by an adviser at Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.