Classic & Vintage Car Transportation Insurance from Charterhouse
Tel: + 44-2392-861565
Email: charter.marine@btconnect.com
Classic Car and Vintage Automobile Transit Insurance
We have in place a first class insurance programme covering Classic and Vintage Automobiles during transportation. Anyone who owns a classic or vintage car will be fully aware of the importance they hold in both their look and general style. As one of the most enjoyable forms of vehicle to own, both in terms of style and investment, vintage and classic automobiles are among the very best one can make. They are frequently moved from location to location, for a number of reasons. We can arrange full insurance cover to locations across the globe for individuals, forwarding agents, and dealerships.
This is why anyone owning vintage and classic automobiles (whether a company/motor dealership or a private individual) who is relocating, or attending one of the many exhibitions worldwide, will be fully aware of the importance they hold in both their look and general style, and why insurance coverage, during transportation, is such an important part of the process.
Outline of security:
Underwriting terms are based on ICC Plus and Total Loss Plus, cargo insurance concepts that were designed to be the most comprehensive coverage in the Americas. ICC Plus and Total Loss Plus are based on the "English Rules", otherwise known as the Institute Cargo Clauses (ICC–A, B or C), thus meeting all requirements for letters of credit from virtually every country worldwide; our market's exclusive ICC Plus rules expand coverage terms to offer superior protection than that permitted by the American Rules (ACC), Standard English Rules (ICC ), and the German Rules of Marine Insurance (ADS).
Why Insurance is Necessary:
International Law limits Carriers' Liability. Cargo Insurance Covers all risks (loss or damage) for the full value of the goods, which can include shipping costs, duties, insurance costs, and up to 10% anticipated profits, eliminating disputes over liability between third parties by paying customers directly without liability determinations.
ICC Plus
- ICC Plus terms offer longer intermediate storage.
- ICC Plus terms expand the duration to last up to four times longer than the American Rules and equal to the German Rules worldwide.
- ICC Plus terms include guaranteed claim payment periods.
Total Loss Plus
- Total Loss Plus is not based upon the ICC-C rules, FPA terms, or Stranded Cover; it is based upon the ICC-B rules, thereby increasing the risks covered by more than double as compared to standard ICC-C terms.
- Additionally, Total Loss Plus covers roughly four times more risks than FPA, and also offers coverage for additional perils than that which is offered under the Stranding Cover of the German Rules of Marine Insurance.
- Total Loss Plus terms also include guaranteed claim payment periods.
Why Claims Handling is Superior
- Underwriters, have been granted in-house claims authority from multiple leading insurers. Therefore, under their authority, for valid claims up to certain values, they guarantee to settle and pay within 10 days of documentation for more than 95% of all cargo insurance claims.
- OWN POWER: excluding loss or damage whilst the insured vehicle is being driven under its own power or whilst being towed, except whilst being loaded from the carrying conveyance including containers.
- THIRD PARTY LIABLITY: excluding damages, injury or liability to any third party absolutely.
- MOTOR INSURANCE: excluding any claim recoverable under a policy of Motor Insurance.
