Due to the weather, the season seems to start later this year for lovers of classic vehicles. Nevertheless, be well prepared and do not forget to have the insurance value of your vehicle updated.
The value of the vehicle plays a decisive role in classic car insurance, especially when calculating the hull premium. As is well known, there have been considerable increases in value in the classic car market in recent years. As a result, there is a high probability that the vehicle value stipulated in the contract deviates significantly from the current, actual market value.
It is still recommended to check the current value of the vehicle at least every two years, e.g. from the Classic Data database or via an appraisal update.
Although some provision in terms of value is agreed in the contract, more than 30% increase in value is currently not offered as a provision.
An up-to-date vehicle valuation has numerous advantages:
- You are up-to-date with the value of your vehicle
- You avoid the problem of underinsurance by exceeding the provision limit
- Often a current self-assessment or an expert opinion update is sufficient
You already have a current vehicle valuation – not older than 2 years?
Simply send us the current self-assessment or the valuation report, e.g. as a PDF to kfz-vertrag@dr-hoertkorn.de
The original remains with you and your vehicle documents!
Driver protection – protection against the consequences of a self-inflicted accident
In the event of a self-inflicted accident, the damage to one’s own car and to the other parties involved in the accident is well covered all round – third-party liability, fully comprehensive insurance, protection cover. But what if the person driving is injured or even killed?
In 2021, around 66% of the injured and over 50% of the fatally injured occupants in the 2.3 million road accidents recorded were behind the wheel.
The financial consequences of a self-inflicted accident can be cushioned by driver protection insurance for the person driving. This kicks in if the driver causes an accident at the wheel of the insured car and is injured or killed as a result.
As a rule, driver protection insurance covers loss of earnings, conversion measures, household assistance, survivor’s pension or compensation for pain and suffering, provided that no one else is obliged to make these payments.
Driver protection can also be integrated into existing motor vehicle contracts at any time.
If you are interested, you will receive an individual offer via your company consultant or by mail enquiry via kfz-vertrag@dr-hoertkorn.de
Traffic legal protection – a useful addition to your motor vehicle policy
It is not always clear who caused an accident and is therefore ultimately responsible for the damage. This often has to be clarified with the help of a lawyer or in court.
Often this is also associated with concerns about the driving licence or the points account. This results in additional costs – lawyers, court, expert witnesses, etc. – which can be very expensive.
Traffic legal protection insurance gives you financial backing in such cases and minimises the cost risk. It covers the costs of disputes arising from accidents, allegations of violations of administrative offences, criminal and administrative regulations in connection with traffic matters and disputes arising from purchase and repair contracts (motor vehicle contract legal protection).
Please feel free to contact your company advisor if you are interested!
