A Lamborghini stands out, is exceptionally wide and low, and is lent or hired out more often than other cars: those three characteristics determine where this policy goes wrong.
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In brief
The top models are built around a carbon fibre monocoque. Such a tub is not straightened or welded: it is assessed, and the verdict is often that the car can no longer be economically repaired. As a result the question of exactly what the insured value is arises far sooner on these cars. Without an a prior valuation under Article 7:960 of the Dutch Civil Code you end up arguing that out after an accident.
The claims that actually occur are very ordinary. Because of the width, the low ground clearance and the limited view to the rear, most damage arises at low speed: ramps in car parks, speed humps, drives and bollards. A front splitter making contact with asphalt is own-damage in its own right and counts in your claims history as normal, however slight the incident seems.
The third point is who is behind the wheel. These cars are regularly lent, taken to events or made available for payment as a driving experience. Hire and any form of use for payment are excluded as standard. That is no formality: after a claim the payment comes to light and the cover for the whole event lapses.
The structure of the cover in three parts, with an overview per situation below.
Compulsory
Third-party liability
Damage you cause to others.
Required by law
As long as the registration is in your name
Suspend the registration when not in use
Third-party liability plus
Third-party, fire and theft
Causes beyond your control.
Fire and storm
Theft
Windscreen damage
Comprehensive cover
Comprehensive
Including damage you cause yourself.
Own fault
Vandalism
Replacement-as-new period
What is covered
Situation
Third-party liability
Third-party, fire and theft
Comprehensive
Damage to the other party
Yes
Yes
Yes
Theft
No
Yes
Yes
Fire and storm
No
Yes
Yes
Damage you cause yourself
No
No
Yes
Wear and mechanical defects
No
No
No
Driving without a valid licence
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
A carbon tub is rarely repaired
Carbon fibre does not deform like metal; it either fails or stays intact, and damage is not always visible from the outside. If the monocoque is affected, a write-off often follows rather than a repair. That is precisely why the recorded value is the most important part of your policy. Have the valuation report set out the exact specification, the paint finish and the options, and note the period of validity included in the policy.
Most damage arises stationary or at walking pace
Front splitters, side skirts and the underside of the bumper are damaged by speed humps, ramps and kerbs. A lifting system for the front axle limits that, but does not cover it. This damage is own-damage and costs you no-claims years. So with small amounts always work out whether paying yourself is cheaper than the loss of a step and the excess together.
Standing out has a price
These cars attract attention and that leads to scratches, damaged paint and contact damage while parked on the street. Vandalism and damage by unknown parties usually fall outside the cover under third-party, fire and theft and are only covered under a comprehensive form. Insurers therefore often make requirements as to storage. If you regularly park the car on the public road, declare that, because a different form of storage affects both acceptance and payment.
Lending and hiring out are two different things
Lending occasionally to someone you know is usually permitted, provided that person falls within the declared group of drivers and no age exclusion applies. As soon as there is a payment, even if it is petrol money or a driving experience, it is hire and the cover has lapsed. Use as a prop in commercial filming falls under that too. If you do want that, separate hire cover is needed.
What does your premium depend on?
Construction of the model — A carbon monocoque is weighted differently from an aluminium structure or the SUV in the same range.
Agreed value and specification — The recorded value, including the paint finish and carbon options, is the basis on which the own-damage premium is calculated.
Type of use — An SUV from this range driven every day is a different risk from a supercar driven a few dozen days a year.
Storage and parking habits — A locked garage as against regularly parking on the street is a question of acceptance with this make.
Circle of drivers and age — The number of permitted drivers and the age of the youngest driver count heavily at this power.
Level of security and tracker — An approved alarm with a vehicle tracking system is often a condition on these models and not an extra.
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.
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.
I have damaged the front splitter on a ramp. Do I report it?
Only if you want to claim. It is own-damage, so reporting it usually means losing no-claims years plus your excess. Work out what the repair costs and set that against the effect on the premium over several years. On these models, however, splitter parts are rarely cheap, so make that calculation with a concrete estimate in hand and not by feel.
May my brother-in-law take it for a drive?
He may if he falls within the declared group of drivers and meets any minimum age. Check whether your policy works with a fixed main driver or with an open group, because that differs by insurer. If you ask for a payment, in whatever form, it is hire and the cover lapses. That distinction really is checked after a claim.
Is scratch damage by unknown parties covered?
Only under comprehensive own-damage cover. Under third-party, fire and theft, vandalism and damage by unknown third parties are excluded, because that form is aimed at fire, storm, theft and glass damage. Always report it to the police and record the place and time, even where the culprit remains unknown. Without a police report many insurers refuse notifications of this kind after all.
What happens if the monocoque is damaged?
A technical assessment follows rather than an immediate repair. Carbon fibre does not always leave damage visible, so the structure is assessed for strength. If the verdict is that repair is not justifiable or not economic, the car is written off and the recorded agreed value counts. Without a valid valuation you fall back on market value at that moment.
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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