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In a complex world, Chubb’s support for multinationals and their brokers when choosing the right cover has never been more valuable.
Protecting all that makes your house, your home.
As one of the world's largest providers of jewellery and fine art insurance, you can count on our unparalleled service and expertise, offering some of the broadest protection available.
As pioneers of using in-house appraisers to help clients establish the value of their property, and mitigate the risk of loss, our appraisal service is a key reason why owners of fine homes and high value possessions around the world choose Chubb
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Whether you own an antique classic car, 1950s sportster, supercar, or vintage military transport, you likely have an emotional attachment to your special vehicle. It may even be worth a lot of money; top classics these days are demanding prices in the hundreds of thousands or millions of pounds. That’s why it’s so important to protect your investment from theft or damage by storing it in a storage facility or protected garage.
Not just any garage or facility will do, however make sure you keep these tips in mind when deciding where to keep your classic car:
1. Make sure it has a centrally monitored alarm system.
Ideally, the facility’s alarm system should be installed by a reputable central station monitoring company. The system should include magnetic contact sensors on all exterior doors and windows, glass breakage and/or interior infrared motion sensors, and a combination of smoke detectors and heat sensors. A backup communication device for 4G signal continuity provides further protection in case the connection is disabled.
2. Integrate the central alarm with other monitored devices.
Consider connecting other monitoring devices, such as explosive gas leak detection, water flow/leak detection, digital video recording/camera system, and a backup generator into your central alarm as well. That way, you’ll be alerted if anything happens that could potentially damage your vehicle.
3. Install “clean agent” fire extinguishers.
Unlike regular fire extinguishers that use fine powder, which can have a detrimental cosmetic effect on your vehicle, these use inert gas to put out small fires.
4. Give your car plenty of space.
Try not to put items on shelves, racks, or hooks above your classic car. Leave room between cars if you have more than one.
5. Keep windows covered.
If your garage or storage facility has windows, cover them with blinds so that your vehicles are not visible from the outside.
6. If you have a large collection of cars, keep them at multiple facilities.
That way, if something happens to one facility, not all of your vehicles will be at risk.
7. Inspect the roof of an older building.
If your car is being stored at an older building, hire a licensed roof contractor to evaluate the integrity of the roof system and make any repairs to prevent leaks.
8. Consider an infrared (IR) survey.
Chubb undertakes complimentary infrared surveys as part of a Motor Appraisal to help prevent issues such as electrical arcing, water intrusion, and missing insulation – all of which can damage a classic car.
9. Conduct restorative work somewhere else.
Flammable materials, dirt and grime can interfere with the safe storage of your car. Therefore, if you need work done on your classic car, have it done elsewhere – in another garage or in a professional shop that specialises in classic vehicles.
10. Regularly update the valuation and review your coverage.
Verify that your insurance will cover damage at a remote storage facility. Having an up-to-date valuation and Agreed Value coverage on your vehicle will ensure that you can repair or replace your car if something should happen at the garage. With the right insurance, you’ll be able to restore your special vehicle to its classic condition, quickly and efficiently.
11. Choose a climate-controlled facility with power.
Your car will thank you for avoiding temperature swings and humidity. Also, connect a battery maintenance device to the car so it will start right up when you are ready to take a drive.
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All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.