How to insure your Supercar in London?
There has been a significant rise in vehicle thefts taking place across the country. Recent data from the ONS found that there was a 24.9% year-on-year increase in the number of vehicles stolen across England and Wales.
When it comes to supercars, 19 were reported as having been stolen between January and April, alone.
So, here is what we know and how to get the best cover:
At the Zelo Concierge, we specialise in managing supercar and hypercar collections. As part of our management service, we take the administration from owners and renew insurance policies, trackers, and immobiliser subscriptions. This has allowed us to understand the new trials and tribulations of securing an insurance policy. The landscape has changed in a big way over the last 12 months and is still moving.
Our first top tip is to find a broker who has great relationships with insurance companies. If the broker has a great relationship with multiple insurers, they can tailor your proposal to your specific needs. Book a call to find out our recommended brokers.
This relationship is key because communicating changes down to the customer quickly and efficiently is so important. What is the risk and how does this affect the client? How are they being updated accordingly?
Our second tip is location. We recommend to all our clients to avoid street parking wherever possible. To strengthen your chances of cover, make sure you have underground private parking or even reputable vehicle storage facility. Book a call to find out our recommended storage companies in London.
Lastly is the minefield of trackers and immobilisers. Now for all supercar owners, regardless of where you park your call, trackers are essential for insurance cover. Thieves know exactly where trackers are installed, and they know exactly how to remove them out of the vehicle or use a sophisticated jammer that can block a signal allowing the vehicle to start. While most vehicles come with a tracker a second tracker with engine immobilisation is always recommended because this will help recovery of the vehicle if it is stolen.
Being a supercar owner shouldn’t be a burden, book in a call and find out how we can help you today!
