Why designer handbags are worth investing in
Whether you cruise in a beautifully restored Jaguar E-Type or cherish a flawlessly preserved Ferrari 250 GTO, we understand just how much your classic car means to you.
Our classic car insurance goes beyond simply getting you and your car back on the road – it’s about preserving the timeless beauty and character of your vehicle. No detail is too small. No effort overlooked.
We agree the value upfront
Subject to a professional valuation in the last 4 years with the Chubb Agreed Value, you will always know the minimum you will receive if your car is written-off or stolen. If the value of your vehicle has increased at a time of the loss we will pay up to 30% or CHF 1 000 000 in addition to the agreed value, provided that it can be proven by an expert opinion orvaluation report recognised by the Insurer, at the time of the Loss.
The option to restore
Whether due to rarity or sentimental value, we understand replacing your classic car may not always be an option. That's why for cars over 20 years old we pay up to 125% of the agreed value to restore it back to its condition before the covered accident (up to CHF 100 000 above the agreed value).
The repair you can trust
A specialist car requires a specialist repair. We trust whoever you trust is best to undertake repairs to your car, even if this means sending your car overseas. If you need a suggestion, we can recommend reputable centres with who we collaborated in previous occasions.
Original parts only
We know authenticity is integral to the value of your classic car. We guarantee to cover the cost of original equipment manufacturer (OEM) parts to repair your car. If these parts are not available, we will pay to have them custom manufactured to the original specification.
No loss of value
Our pioneering Diminution in Value (DIV) cover pays any difference between your classic car’s market value before and after a repair, in addition to the repair costs themselves (up to up to 20% sum insured of that vehicle or CHF 500 000 whichever is less).
Only as good as the paperwork
The documentation that accompanies your classic vehicle can be key to your vehicle’s value. We cover up to 5% of the total value of your vehicle if the documents are lost or destroyed (up to a maximum CHF 50 000), and will pay up to CHF 5 000 to help replace the documents.
Miss the event, not the out of pockets
If you decide to enter your prized classic car into an event, such as a concours, we understand the costs involved can be considerable. So, if your car can’t make it due to a covered loss, we’ll reimburse you for all costs of attendance (up to a maximum CHF 5 000).
Thomas Steinruck
Regional Fine Art & Specie Manager; HNW Personal Lines Manager Switzerland
E-Mail: motor.ch@chubb.com