Case study: Securing specialist cover for a £650k classic Ferrari in just 90 minutes

How our expertise delivered peace of mind for a luxury car owner

When purchasing a high-value vehicle - whether a Lamborghini, Ferrari, or Porsche - you’ll have a comprehensive list of factors to consider, both exciting and complex. But there’s an often-overlooked practicality too - ensuring the right level of protection. Standard motor insurance often falls short for prestige and high value cars, leaving owners exposed to financial risk. This case study shows how the Howden Private Client teams expertise secured comprehensive cover for a £650,000 Ferrari in just 90 minutes.

Challenge

A client was at a dealership purchasing a £650,000 classic Ferrari and needed immediate cover. Time was critical, and the client wanted a policy that provided financial protection given the high value of the vehicle.

Solution

Private Client motor specialist Ryan Eberhard acted quickly. Within 90 minutes, he gathered the necessary details, explored five specialist markets, and secured a tailored high-net-worth policy offering agreed value - ensuring the client would receive the full insured amount in the event of a total loss, rather than market value depreciation. This approach ensured the client’s investment was fully protected.

Why having the correct cover matters

High-value vehicles like classic Ferraris require more than standard insurance. A specialist high-net-worth policy provides important benefits:

• Agreed Value: Guarantees the full insured amount in a total loss, avoiding depreciation issues.
• Freedom of choice: Select preferred repairers and benefit from glass cover
• Tailored features: Designed for collectors and enthusiasts, covering accessories modifications and other risks.

These features are essential for protecting significant investments. Learn more in our article: Why premium cars need premium cover

Outcome

We delivered a fantastic premium for a £650k Ferrari – a great result given the vehicle’s value and the urgency of the situation. The client was impressed by our efficiency and expertise, leading to further discussions about their home insurance.

Key Takeaway

By combining speed with specialist market knowledge, the Howden Private Client team delivered comprehensive protection and exceptional value - strengthening trust and opening the door to a broader relationship.