On a Rolls-Royce a large part of the value sits in the individual specification, and that is precisely the part that appears in no price guide and therefore not automatically in your policy either.
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In brief
Virtually every car is specified to order: a paint colour mixed to order, a specific choice of wood, embroidered upholstery, a headlining with lighting and finishes made in small numbers. A valuation report under Article 7:960 of the Dutch Civil Code is therefore needed not only to fix an amount, but above all to record what that amount consists of. A report that names only the model and the year of manufacture misses the most expensive part of the car.
That feeds through into partial damage. When a door, a headlining or an interior panel is damaged, the problem is not the part but the match: colour, grain and stitching have to correspond with the rest of the car. Damage that is limited in itself therefore grows into a substantial repair item, and that falls within the cover only where the specification has been recorded in advance.
These cars also stand idle a great deal. Long periods of standing bring problems of their own: the battery, the tyres, the brakes and damp in the interior. Damage from wear, ageing or poor maintenance is excluded, however it arises. The storage is then the instrument: insurers set requirements for the space and reward a dry, locked and secure location.
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.
Have the valuation report name the specification
Ask the valuer to state the paint specification, the type of wood, the upholstery specification and the special options separately, with photographs. Without that specification you are in effect valuing a standard car, and on a total loss the rest is a matter for negotiation. At the same time, record the period of validity of the report in the policy and put the end date in your diary, because after it expires you fall back on market value.
Partial damage is rarely a small file here
A hand-applied coat of paint and made-to-measure interior parts cannot be touched up locally without it remaining visible. Repair therefore often means that adjoining parts have to be done as well. Check whether your policy has a limit on interior and paint repairs and whether repair to factory quality is permitted. With this finish, a standard limit is soon reached and you make up the difference yourself.
Accessories and loose items are arranged separately
For items that are not fixed in place and for accessories, most policies apply separate, limited caps. On these cars that affects, for example, the equipment supplied with the car and the loose parts that belong to it. If you want them properly covered, have them recorded with a description and a value. If you do not, there is a good chance that after a theft or a fire you will see only a limited standard amount.
Standing idle calls for arrangements in advance
If the car stands indoors for most of the year, you can bring the premium down with a low mileage allowance or by suspending the registration temporarily. Weigh that carefully: on suspension the third-party liability cover lapses and the car may not go on the road, while fire, theft and water damage in the storage remain covered only if you deliberately keep the own-damage cover running. Record that choice in writing.
What does your premium depend on?
Valuation figure and specification — The recorded value including the individual specification forms the basis for calculating the own-damage premium.
Model and body style — A saloon, the SUV and an electric version from the same range are assessed differently.
Weight and engine power — The mass of these models feeds through into both the repair costs and the damage caused to third parties.
Storage and climate — A dry, locked and secure space is often a condition of acceptance on these cars.
Annual mileage — A low allowance or a limited-use arrangement has a clear effect on cars that cover few kilometres.
Accessories covered — Loose items and special equipment that you want covered above the standard limit count separately.
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.
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More than the model, the year of manufacture and the mileage. Have the paint specification, the type of wood, the upholstery specification and the special options recorded with photographs, because on these cars that is the distinctive part of the value. A report under Article 7:960 of the Dutch Civil Code binds the insurer to the recorded amount, but only for what is actually described in it.
Surely a small paint chip costs almost nothing?
With hand-applied paint mixed to order, touching up locally is virtually always visible. To achieve a proper result, adjoining panels have to go through the spray booth as well, which turns minor damage into a substantial estimate. So look critically at the limits for paint repair in the policy conditions and at whether repair to factory quality is permitted.
Is damage from standing idle for a long time insured?
No. Consequences of standing idle such as a flat battery, deformed tyres, seized brakes or damp damage in the interior are regarded as wear, ageing or poor maintenance and fall outside every own-damage cover. What does remain covered are sudden events in the storage, such as fire, theft or a burst water pipe, provided you deliberately keep the own-damage cover running.
Am I paid for loss of value after repair?
From your own own-damage insurance, usually not; it pays for the repair and not for the difference in market value afterwards. If someone else is liable, you can recover loss of value as a separate head of loss under Article 6:162 of the Dutch Civil Code, provided you substantiate it with an expert's report. So keep the complete file, including photographs from before the damage and the repair specification.
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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