Which insurer for supercar insurance after a claim?

[Babw]

I've been with Locktons who have helped insure my collection of sports/super cars, earlier this year I had a large claim and the underwriters they deal with no longer have the appetite for it now I'm coming up towards renewals.

Are there any specialists out there who cater for a higher risk profile?

This is my list to approach, anyone else I should consider?

Howdens
Footman James
Kingfisher
Adrian Flux
Classic Line
Chubb masterpiece

Aurum

Zurich private clients

[LukeB_92]

Your list already covers the obvious specialist routes, so the differentiator is probably less who you approach and more how the risk is presented after a large claim.

A few things that can help:

- Go in with a proper presentation rather than just a quote request - full details of the claim (circumstances, fault, amount, what has changed since), the cars and agreed values, garaging/security, who drives, and annual mileage per car. Underwriters declining on appetite often do so on a thin presentation; a broker who will actually argue the case to an underwriter, rather than just run it through a panel, matters more at this level.
- Expect the answer to be conditions rather than a straight no - a materially higher excess, limited mileage, tracker/security requirements, or splitting the collection so the highest-value or highest-risk car sits on its own policy while the rest stays on a fleet/collector arrangement. Splitting is not ideal, but it can be better than losing cover for everything at renewal.
- Start this well before renewal if you have not already. Post-claim placements take longer, and being a few days from expiry weakens your negotiating position considerably.
- Be completely upfront about the claim with everyone you approach - it will show on the shared claims database anyway, and a placement that unravels at proposal stage leaves you in a worse position than a declined quote.

The fault and size of the claim, and whether it was a one-off loss or theft/damage at home, will probably dictate which of those routes is realistic.

[davek_964]

I had a large fault claim with Admiral. They paid well and the premium didn't change.

[Babw]

I have been with Admiral before but I’d want a guaranteed value policy which afaik they don’t offer.

Once the numbers gets above certain thresholds for them (whether combined value or just numbers of cars) they seem to shy away.

Looking for more collector policy with the usual benefits like dedicated accounts manager etc

[Simmos]

Have you tried AIB?

I wouldn't try Howdens, they sell kitchens

[Trev450]

Pace Ward are worth a try.

[RUNDLL]

I use Elevate insurance brokers.
Had Huracan and Ferrari FF, now GT3 touring insured after writing off an R8. Wasn't even much of an uptick in price to be honest. Now on my second year of insurance since the big claim and the insurance cost seems to be almost back to what it was before the claim.

[andrewcliffe]

Hagerty
Peter James

[alscar]

Babw said:

I've been with Locktons who have helped insure my collection of sports/super cars, earlier this year I had a large claim and the underwriters they deal with no longer have the appetite for it now I'm coming up towards renewals.

Are there any specialists out there who cater for a higher risk profile?

This is my list to approach, anyone else I should consider?

Howdens
Footman James
Kingfisher
Adrian Flux
Classic Line?Chubb masterpiece?
Aurum?
Zurich private clients

I’ve been with Nowell and Richards for years who usually offer a varied list of HNW insurers.
They would certainly have access to the likes of ZPC and Chubb and quite a few others.
Howdens took over the old A Plan and it’s their Thatcham office that is best to try.

[Babw]

I think there are quite a few brokers out there who offer a good service however it's the claim that's the issue.

Also with the surge in prices, the agreed values are now starting to get serious hence the risk is that much more. Hopefully it won't be as painful as I anticipate.

[Nicetobenice]

It could help things to combine with any home insurance you have.

[alscar]

Babw said:

I think there are quite a few brokers out there who offer a good service however it's the claim that's the issue.

Also with the surge in prices, the agreed values are now starting to get serious hence the risk is that much more. Hopefully it won't be as painful as I anticipate.

At least you’re going via a broker which should save you time repeating the same story.
The quantum and type of loss can make a big difference to how Insurers rate you along with what the rest of your claims history is like and indeed any other pertinent underwriting data such as how long you have been with them.
The other side of the equation is “ offering “ the Insurer who paid the loss the chance to earn some more premium !

[gunner]

Another vote for Nowell and Richards. They've looked after me for years, faultlessly. I had a big claim on a brand new 296 GTB a couple of years ago when, without warning, the rear off side tyre exploded with such force it totally destroyed the back of the car, all the cf etc totally decimated. I was on the motorway driving it for only the second time when this happened (incredibly fortunate to escape unscathed) so I tried to claim back from Ferrari first. They, inevitably, laughed in my face so Nowell and Richards dealt with the claim and premia didn't change. They're really very good indeed.

[alscar]

gunner said:

Another vote for Nowell and Richards. They've looked after me for years, faultlessly. I had a big claim on a brand new 296 GTB a couple of years ago when, without warning, the rear off side tyre exploded with such force it totally destroyed the back of the car, all the cf etc totally decimated. I was on the motorway driving it for only the second time when this happened (incredibly fortunate to escape unscathed) so I tried to claim back from Ferrari first. They, inevitably, laughed in my face so Nowell and Richards dealt with the claim and premia didn't change. They're really very good indeed.

Wow that must of been pretty scary -not surprised Ferrari laughed although I hope they did so "sympathetically " ?!
Who was the actual Insurer though ?