The oldtimer and insurance
Let's say that an oldtimer is in any case a version of a type of car that has not been manufactured for a long time. Others give a different, more detailed description of the term oldtimer. They say that the model must not have been manufactured for at least a quarter of a century if it is to be called an old-timer. For other vehicles such as mopeds and motorcycles, the largest group takes at least thirty years as a benchmark. What scholars do agree on is that most Dutch classic car clubs are affiliated with the FEHAC: Federation of Historical Automobile and Motorcycle Clubs. There is also agreement that a number of special regulations apply to classic cars, such as exemption from road tax . It is also known that a number of advantageous old-timer schemes have been abolished, for example due to environmental aspects. Oldtimers can be insured in a special way, and that - insuring oldtimer - is an interesting topic to dive into.
Not only the year of construction is important
Classic car insurance is cheaper than insurance for a 'normal' car . However, that does not mean that you immediately call your insurance company tomorrow and have your car insured as an old-timer , because the car must meet a number of conditions for this. When taking out classic car insurance, insurers do not only look at the year of manufacture, something that most people assume indiscriminately. Matters such as recreational use, the type of car and whether the car is stored and another, daily car is available, also play an important role.
Not every old car can be insured with an affordable classic car insurance . Whether or not an old-timer insurance can be taken out differs per insurer. Oldtimers that are stored in a garage and that are driven purely for hobby use, just like oldtimers that are special in nature and can be described as a collector's item, certainly qualify for classic car insurance. This also applies to old-timers with a gray license plate - take the Volkswagen T1 and cars older than ten years and of which you actually know that it will be an old-timer, just like owners of old-timers who are members of a FEHAC club. They can all call the insurer with confidence.
Insure an oldtimer
Insuring an old-timer if the old-timer is outside on the road and is not stored or where it is still driven daily is much more difficult. Even if the oldtimer is not mentioned in the Classic Yearbook, the insurer will first raise your eyebrows and have to disappoint you. Younger than 24 years old and already in possession of a classic car? Even then it becomes difficult, provided you are willing to pay a premium and can explain to the local community how you can get so much money at a young age to drive a classic car. Classic cars with a gray license plate in the form of delivery vans and camper vans also seem to have no chance for the attractive classic car insurance.
Anyone who wants to succeed in taking out classic car insurance will have to be aware of the fact that a maximum of between five and ten thousand kilometers per year is allowed. Or you should lie about the actual number of kilometers driven and therefore like to gamble. After all, the lie detector has not yet been introduced within the insurers' guild. Another thing: if you have taken out an old-timer insurance policy, you are only allowed to drive your beloved oldie as a hobby.
So difficult. It is certain that driving to work is not a hobby, the same applies to a ride to the local groceries. And so insurers often set a tough requirement: a first car - a car with which you can get your daily groceries - must be available. That first four-wheeler can also be a lease car, at least in many cases. And you have to be able to prove that you have your first car.
Back to the seriousness of the situation surrounding insuring your oldtimer. An old-timer can be very valuable. In that case, it is wise to insure the car at least WA plus - limited hull or all risk, ie full hull. Then you as the owner at least know where you stand. Taking out cover for occupants is also quite sensible. Logically, the build quality of the average oldtimer is really different from cars that are known as modern. The chance of more damage and other malheur is simply greater for those who drive an oldtimer, and that also applies to the people who sit in the back of your oldtimer waving, waving at the people at the side of the road.
An insurance tip if you have an old-timer: cheap can also turn out to be expensive when it comes to insurance. In other words, the cheapest classic car insurance is often not the best. In all cases, expensive or cheap, it is always sensible and highly recommended even to read the fine print, ie the policy conditions, carefully, read it again and take it again. Sometimes certain conditions require Demorei and a car must, for example, be specially protected or it must be demonstrated that there is actually a first car present. In other words, just prove it. Also note the following: there are insurers who do not insure according to Article 7: 960 of the Civil Code. Said article guarantees that the appraisal value of the car will be paid in the event of theft or if the car is a total loss. Insurers that have not included this article in the conditions (you have them again: the small print), they can therefore pay less than you expect. And that can be quite disappointing. Be sure to pay attention to the kilometers you drive. If that is less than expected, it is possible to adjust the insurance. Do, because this makes a difference in the amount of the premium. More kilometers? Then adjust upwards. Or shut up. Pretend your nose is bleeding.
You can insure an old-timer in three well-known ways: WA, WA Limited Casco and WA Full Casco. WA? Third party liability means legal liability and is considered the minimum insurance. It is the cheapest cover that only compensates damage to third parties. The own damage? Uh, keep saving a lot. Liability Limited Casco is also called the liability plus insurance and this insurance not only compensates third party liability in certain cases, but also damage to your own oldtimer. Examples? Fire, theft, storm damage or a window breakage. However, the damage incurred in a collision will not be compensated.
Third-party liability Full Casco is the all-risk insurance. Everything from the first two insurances mentioned is covered as well as damage to your own car as a result of a collision or a steering error. The decisive factor in choosing a classic car insurance policy is the value of the car. The amount of the premium to be paid is also highly dependent on the number of kilometers driven. However, do know that an oldtimer must be insured at least WA according to the letters of the law. This applies even if the car is in a garage, provided the license plate is suspended. And dear people: do it! The RWD imposes huge fines if it appears that the car is not insured and it is checked very regularly whether or not cars are insured. Sometimes you think that employees of the RDW enjoy tracing an uninsured car. A warned person counts for two!
But: what is the value then? I think my own wife is more beautiful than the neighbor and I value her more. The neighbor, on the other hand, estimates the value of his own wife (my neighbor) considerably higher. A tricky one. The answer to that question can only be given by the appraiser. The appraisal value is essential when taking out the insurance. Moreover, the appraisal value creates a certain degree of peace of mind: the car owner knows exactly what is being paid out and the insurer can already take into account the amount that must be paid out if the car is declared a total loss, so to speak. The valuer is independent and in nine out of ten cases, a report prepared by the valuer is valid for three years. After that period, the car must be re-appraised. Appraisers also want a well-invested sandwich. Owners of an old-timer who do not do this after those three years, must take into account in the event of a calamity that there is coverage based on the current value of the car. So don't forget to make another phone call to the appraiser after three years. Moreover, it costs no capital; the average appraiser will ask between one hundred and one hundred and fifty US dollars for a valuation report. This is a small amount spread over three years.
Classic car insurers often have more notes on vocals. They place additional demands on the appraiser's report simply because the report - and the appraisal value - must be accurate to the decimal point. Every insurer is and remains somewhat suspicious and does not want to pay an extra euro cent, as everyone knows. In this knowledge, the FEHAC has drawn up a guideline that states the minimum requirements for a report to bear the title 'FEHAC approved valuation report'. Furthermore, the appraiser engaged is stated to meet a number of training requirements. So call that appraiser who has diplomas and is also affiliated with a trade organization such as NIVRE, VRT or TMW.
All well and good, but what if you collect old-timers instead of stamps? Then the insurance primal classic will be quite expensive. Or not? Collectors can rest assured; for this group (or for investors) a so-called collection insurance can be taken out. Then less attention is paid to the number of kilometers driven and old-timers that do not have a Dutch registration number are insured against theft and fire. These foreign cars are insured on the basis of the known chassis number. In line with this, memorabilia can also be insured. And for people who don't know what this is, things like badges, brochures, enamel and model cars. Finally, there are insurance companies that when they think of old-timers apparently also immediately think of art and offer a package to insure both old-timer and art. In the eyes of these insurers, people with a classic car are people with a lot of money, apparently.
Oldtimers and foreign oldtimers can therefore be taken out separately or as a collection. But what about a classic car that is going to be restored? Hmm, that's a pretty hard question to answer. Restoration usually represents an operation that takes a lot of time and entails high costs. Moreover, parts often arrive late and owners often take ample time to make their classic car beautiful. This can sometimes take years and there have been cases where the project was never completed at all.
Insurers are known who want to insure a classic car under restoration on things such as theft and fire. Often the liability risk, also called driving risk, is then not insured. Understandable, after all, the car without registration may have been in a garage for years and cannot submit a valid MOT. People who have plans to have a car restored, do well to make an appointment with the (recognized) appraiser first. You have the car appraised at the start of the restoration and immediately make an appointment for the appraiser to come by and appraise again after two (or three) years. Please note: value is only assigned to parts that are attached to the oldtimer. If there is a loose bumper against the oldtimer, then that bumper is not insured.
If the oldtimer is driven to the RDW, a so-called one-day registration can be applied for with the chassis number and the car is insured for third-party liability. People who keep claiming that their beautiful old-timer is simply co-insured on the contents insurance, they do not know what they are saying. So nonsense. In certain cases, however, items stolen from the oldtimer - CDs and clothing, to name but a few - can be covered by the contents insurance. So it may well be that Rob de Nijs's stolen LP is covered by insurance. Still a comforting thought.
Even more than with other insurance policies, it is an excellent idea to compare the available old-timer insurance policies with each other and then choose the insurer that best meets your specific insurance needs. Or you choose the insurance that is the cheapest. Just what you want. There are excellent online options to make a good comparison between the numerous providers. So go for an objective comparison, and not that of the insurer, who invariably comes out as the best in all comparisons. So look for an online comparator that compares at least all major insurers in the Netherlands. Big boys in the insurance world are ASR, Avero Achmea, Bovemij, De Goudse, REAAL, London, Europeesche, Unigarant and Univé. It is even better to involve the slightly smaller ones with the giants to get the most realistic picture possible. Anyone who finally knows after a day, a week or longer with which insurer he or she wants to do business can act quickly; the insurance can often be taken out immediately online.
Well, this has been arranged. But then about the semi oldtimer that you have. What do you do with that under insurance? For the layman: there is not one clear definition of the semi oldtimer. There are, however, a number of characteristics that the semi oldtimer should meet. In most cases, a semi-classic car based on age (year of construction) is just not an old-timer. If a company believes that a classic car should be twenty years old, then the car between fifteen and twenty years old is a semi-classic car. In addition to the year of construction, the car must also have classic features and again mainly be used for recreational purposes. In addition, a maximum number of kilometers to be driven is determined and it is often required that the semi-oldtimer must be the second car. There must therefore be a vehicle available with which the daily shopping and other trips can be made.
Naturally, this semi-classic car must also be insured. Also now applies: minimum WA. Just like the big brother, special insurance can be taken out for the semi oldtimer. Not special is the way in which the Tax Authorities view semi-oldtimers to take a trip. No road tax has to be paid for old-timers. However, the term semi oldtimers has not yet penetrated the offices of the tax authorities and so it is regarded as a normal car. And a normal car pays the normal road tax rate. The starting point for insurers who insure a semi-classic car is usually the age of the car. Insurers apply different age limits. Incidentally, it is recommended to take out special insurance, because the premium to be paid is often lower than regular car insurance.
Anyone who has insured the classic (or almost classic) is covered within all countries of the European Union plus the countries around the Mediterranean. Those countries are also listed on the green card, for the sake of clarity. Also know that once the oldtimer is insured, it is important to keep a close eye on the number of kilometers driven. If you drive more than indicated, you should immediately call the insurer. If not, the insurer could just decide not to pay out. In this case, honesty certainly pays off.
Owners of a classic car are often real enthusiasts of the automobile, use it as a showpiece for the neighbors or want to participate in rally rides. Rallly rides? Rally increases the risk of damage. What about the insurance? Provided; With many insurers you are simply covered with the oldtimer insurance if they participate in puzzle and touring trips. Apparently they do not have a flashy and fast image among insurers. However, it becomes a different story when you participate in an event that revolves around speed. After all, the risks are (much) greater. If you ask the insurer this question, then you have a good idea of whether it is an event that mainly concerns driving skills or whether racing work is expected. If you actually turn the oldtimer onto the racetrack, you will race uninsured. There are practically no insurers willing to take this risk. Racing with the oldtimer is therefore possible, the possible consequences are for the owner. Despite this, there are many owners who own a classic car just for racing. You sometimes see them on the public road, when the classic is transported on a trailer to the racetrack. That is not to give the car a little extra rest, but because the car is not insured and is therefore not allowed to use the public road.
Have a picnic
Competitions, rally rides, tours: the insurers do not have a unanimous position on insurance during these events. Tours are often insured because they are known as relaxing tours where participants enjoy the surroundings and picnic along the way. Insurers do not estimate the risks higher than that a 'normal' ride with the classic is made, so the insurance often applies as usual. If there is an event where it is about being the first to cross the line and therefore speed is required, the insurer will often quickly appeal to the Motor Insurance Liability Act. This law gives insurers the opportunity to exclude rides that require speed, agility or competitive elements from the WA (and other cover as well!). Damage? Then as the owner you pay for the costs yourself.
Then the FEHAC comes around the corner again, because this organization, as you can see very actively, organizes events that fall under the National Regulations for Regularity Rides and where it also supervises itself. In this case, the organization arranges third-party insurance and often requests an insurance statement from the insurer. In this statement, the insurer solemnly and honestly states that the liability is covered during the event. No explanation is almost always not allowed to participate in the event. If you are participating in a rally event, please inquire whether a permit for the rally has been applied for. After all, racing on public roads is strictly prohibited.
Have you ever heard of seasonal insurance? No? Then know that it is possible to take out classic car insurance for only a few months per year, for example in the summer months when you go out with your classic car. A good idea, because then you keep the premium amount for the other seasons nicely in your wallet. Do you want to insure seasonally? Then have the oldtimer temporarily suspended. Suspension means that you indicate to the RDW and your insurance company that your car is stationary and will not put a wheel on the public road. This option is offered by the majority of insurers, so why not use it?
Insuring the oldtimer can therefore be done in different ways and is often different for each insurer . Sometimes these differences are very large, in other cases it is only about details. Policyholders are still busy, which is quite special. In recent years, quite a few measures have been taken to make classic car owners and aspiring classic car owners a bit more difficult by introducing more and stricter rules. Despite that, the oldtimer has not disappeared from the streets and the classics will certainly not. FEHAC continues to fight and regularly achieves success in the fight to relax the law. One of those successes was the adjustment of the APK rules from this year and meanwhile, feverish negotiations are taking place about the new heritage law for classic vehicles.