The policy conditions of the vintage car insurance policy.

What is the deductible in vintage car insurance?

The deductible is a portion of the damage you keep at your own expense. Not all insurers use a deductible. If they do, it is often an amount up to €150. For a damage of €1,000, you will be paid €850 assuming a deductible of €150. Insurers use deductibles to discourage policyholders from claiming.

A higher deductible for young drivers

Young drivers often pay a higher premium until they are 24 years old. Insurers do this because they do more damage compared to older drivers. For some insurers, this does not go far enough. They also set an additional deductible in the policy terms in case damage is caused by young drivers. Not all insurers do this.

Excess for windshield damage

A different deductible applies to windshield damage. If window replacement is not necessary, there is often no deductible. The insurer may refer you to a particular glass repairer in your area. If the car window is replaced, a deductible often does apply. The amount again depends on where you go for the windshield replacement. Insurers may refer you to repairers that have contracts with them.

Oldtimer insurance cancellation

Vintage car insurance has a standard term of one year. After the first year of insurance, the insurance is renewed again for one year. After the first year of insurance, the insurance can be cancelled daily. Some insurers use a notice period of one month. This is allowed. When canceling the vintage car insurance on April 5, the insurer may terminate the insurance as of May 5. When selling the vintage car, the vintage car insurance can be cancelled immediately. Also logical, since there is nothing left to insure. Also during the first year the insurance can be cancelled when selling the oldtimer.

Claims management by the insurer

For damage repairs, insurers use damage control. This means that you prefer to have the vintage car repaired at a repair shop designated by the insurer. They do damage control by, for example, lowering the deductible if you go to an affiliated bodyshop. This phenomenon is also seen in glass repair.

Getting behind the wheel with alcohol

Insurers are strict about damages where the driver was under the influence of alcohol. The insurer has the right to recover the damage amount from the party causing the damage. In a liability case, however, the other party is compensated for the damage. The insurer may then send the inebriated party responsible for the loss a bill for the damages. These types of recovery claims can involve large sums of money.

Other exclusions

In the policy conditions, other situations are named where there is no coverage. These include participating in speed contests or renting out the vintage car. Also when driving the oldtimer without a valid driver's license, the oldtimer insurance does not provide coverage.

Deposit

In the event of a collision abroad, you may face bail. In an extreme case, the vintage car may be impounded. You may even end up in jail yourself. You get the vintage car back on payment of a deposit. The insurer will take care of this. Even if bail is needed to get you out of jail again.