The car ‘shop’ she referred to was a London Ferrari dealer at which she had just purchased a Ferrari F430 for £130k using her switch card. We were able to arrange cover within 20 minutes as the insurers on our panel took into account her driving history; she had been driving similar cars under her father’s policy for over a year, and our input concerning the importance of the client and the granting of cover.

We obtained a competitive quotation for the client’s collection of vehicles and arranged for the insurers to carry out a home visit. The insurers provided the client with risk management advice and all parties agreed on terms. We also arranged cover under the same policy for this customer’s home and his holiday home in Italy where one of the vehicles was kept for most of the year.

Insurers were unsure of the specification of this vehicle and we therefore used our knowledge in explaining that the vehicle is based on a 911 Turbo but with 530 BHP and 700 NM of torque. We also explained that the conversion included a 35mm wider body, 19” Techart wheels, lowered Eibach suspension, Techart exhaust, up-rated brakes and carbon splitters/spoiler. Using this information the insurers felt better equipped to properly underwrite the risk and offered competitive terms along with the additional benefit of an agreed vehicle value. This gave the customer additional peace of mind as being a very rare vehicle it would be difficult to establish a market value in the event of the vehicle being written off.

We established the previous insurer of the property and approached them, as the existing insurers they agreed to offer cover for the property without additional terms.