This February a rare Ferrari 335 Spider Scaglietti was sold by auction house, Artcurial, in Paris to an unnamed international buyer. According to Simon Kidston, an advisory for classic car collectors in Geneva; “It was the most powerful racing car of the era.”
The Ferrari has been driven by racing legends including; Stirling Moss, Mike Hawthorn and Wolfgang Von Trips and has an impeccable pedigree and traceable history. All these factors support its value and price achieved.
While the mass sports car market softened in 2015, this sale demonstrates that good quality sports or classic cars are still making a good price at auction and continue to be a solid investment. An investment that needs protecting with comprehensive motor cover.
Aaron White, Head of Client Services at Confidas comments; “Confidas Motor insurance offers specific benefits for the owners of sports cars as well as providing high levels cover for clients every day motor requirements. We offer legal cover as standard and when taking out insurance for a classic or sports car, Confidas will offer an ‘agreed valuation’ for the vehicle. Should it be written off, clients are then reimbursed for this pre-agreed amount, avoiding any compensation disagreements. In addition, Confidas Motor allows sport and classic car owners to choose their own specialist garage for repairs and restoration following an incident.”
Other Advantages of Confidas Motor insurance:
- Flexibility to cover all a client’s vehicles, including sports or classic cars, under one policy
- One policy renewal date for all vehicles
- 90 days cover for driving in Europe
- The option to enhance courtesy car cover to a similar vehicle to your own
- The option to include Green Flag breakdown cover
- Freedom for the policy holder and their spouse to drive other cars, not owned by them, on a third party basis
For further information about Confidas motor insurance please contact your insurance adviser. Confidas is exclusively available through reputable insurance advisers.
If you don’t currently use a broker for your insurance please got to the web site http://www.confidas.co.uk/find-an-adviser/
to find your local recommended adviser.