Porsche Insurance Services and PPF

[BigCat]

The change to Chubb occurred because Aviva refused to insure high value Porsches I cannot remember what that value was but it excluded Turbo S for example , this started last year around May but the change to Chubb only happened recently. At renewal of a current policy the underwriter will change to Chubb and I was told that Agreed Value can now be covered and Legal Cover is now included. My GT3 renews in October I bet the premium will increase with the new underwriters.

 

[spook]

That's interesting BigCat. I've just insured with Lockton's who have changed from Axa to Aviva having been previously with Chubb.
My high end Porsche is covered at an agreed value and for unlimited PCGB organised track days . Go Figure as they say??

 

[tjb]

You may think that the heading is a bit odd but.......

I have insured a Macan S, a 991.2, a 718 Cayman and a 992 C4S over the last 8 years with Porsche Insurance Services (PIS) and have always found their rates to be competitive. On Thursday this week I plan to pick up a new 992 C2S so got on the phone today to hopefully get another competitive quote.

This car will be different from the others in that I arranged with the OPC to get a 3rd party provider to PPF the car before I pick it up. I told this to PIS and they have said that this means they can't insure the car and have passed on my name to other brokers.

So Porsche won't insure a Porsche????

I'm now left wondering if my premium will be much more that I expected earlier today??

The PPF does not affect any mechanical or electrical part of the car or its performance.

Anyone else come across this bizarre situation??

Sorry to hear you have had all this hassle, we are with PIS and have had our car with them for 10 years and always been happy with their price compared to some other so called specialist Porsche insurers who quoted silly money. However thanks for raising the issue about PPF as we have it on the front of our car and never thought of it as some form of modification. As our policy is due for renewal on 3 March we have received our renewal which again is a good price. I contacted them today and discussed the PPF issue and they confirmed that Aviva treat it as a modification and will not cover, so they have cancelled our current insurance with them and we have had to commence the new policy two weeks early, got a refund of £10.40 though. It appears that this issue is one of the reasons that PIS have moved away from Aviva and now use Chubb. Sorry it's a bit late for you to go back to them as you have moved to Admiral but perhaps when you come to renew you might try them again?

 

[tjb]

That's interesting BigCat. I've just insured with Lockton's who have changed from Axa to Aviva having been previously with Chubb.
My high end Porsche is covered at an agreed value and for unlimited PCGB organised track days . Go Figure as they say??

I bet they are charging you a arm and and a leg and your kidneys for the cover, we have had quotes from Locktons a couple of times in the 10 years of ownership and their premiums are eye watering, probably reflected by the fact they include track cover which must be a high risk, no good for those that don't track their cars but just want SD&P cover.

 

[tjb]

The change to Chubb occurred because Aviva refused to insure high value Porsches I cannot remember what that value was but it excluded Turbo S for example , this started last year around May but the change to Chubb only happened recently. At renewal of a current policy the underwriter will change to Chubb and I was told that Agreed Value can now be covered and Legal Cover is now included. My GT3 renews in October I bet the premium will increase with the new underwriters.

Just renewed ours with PIS and Chubb and it has increased by £28.24 over last years premium, don't think that is too bad considering the insurance market has seen general increases.

 

[The51rider]

It’s not just Aviva and restricted to Porsche vehicles. I had a full front end PPF installed to the family Tiguan and then struggled to find an insurer who would give me cover. Many didn’t know what it was that had been done & thought the car had been wrapped!
I really don’t understand the issue for them, surely it shows that you are a conscientious owner of the vehicle, looking to protect it and are therefore less likely to be an insurance risk.

I suspect the reluctance to provide cover may have arisen from having their fingers burnt a few years ago when ppf was removed following an accident and took the paint off, thus increasing the value of the claim. Seems they behind the times compared to modern films which can be readily removed without detrimental effect to the finish underneath.

 

[Schuey]

I guess the concerning thing is if other insurance companies will follow suit. If so, it may even put off people PPF'ing cars.

A little bit of Googling has shown that BMW, Audi and Tesla drivers have had similar issues with their providers refusing to cover them.

 

[Scrounger]

I've just done an insurance quote on the GTS with PIS and they want £1800!!

I think not!!!

Dan

 

[jeffpeck]

If the PPF is factory fitted as an optional extra is there any need to declare the PPF to an insurer or am I being naive?

It's interesting reading about others' experiences when renewing their car insurance as my own is due shortly. I'm currently with Locktons and their renewal premium is considerably higher for the coming year. I've had no claims - I'm just a year older. I thought I'd get some comparison quotes from some of the well known names; Porsche Insurance Services, Classic Line, Manning (who took all details then never called back) , Admiral, Adrian Flux and the NFU (who declined to quote because, for one reason, I am not an existing customer). Two of the quotes were quite similar to Locktons but with poorer cover whilst the others were simply more expensive. Decision made - I'll be renewing with Locktons after all.

 

[ralphmusic]

After reading about insurers' nonsense on PPF I thought I would call ClassicLine, the insurer for the GT4. First response was "I'm sure it does not make a difference to the insurance" followed by "is it a wrap?". "No" said I "it is PPF", so PPF is now listed in my SoF modifications along with "Exhaust and brake modifications" ClassicLine seem quite sanguine about modifications just as Manning was.

 

[Scrounger]

Just called Classicline and they are not bothered about PPF however, their insurance quote was £250 more expensive than my current insurer. Saying that, it looks like insurance has gone up as a whole. I've just done a renewal quote and my insurance has gone up by £320.

Dan

 

[911MJA]

I am in the process of renewing insurance. My current insurer wanted a substantial increase this year to cover a 993 cabriolet, 992 Turbo S and a Cayenne S. I tried Porsche Insurance and found them both competitive (about £350 less than my current insurer for the three cars) and very helpful. PPF is not a problem now the insurance is through Chubb. I will be proceeding next with their quote which includes agreed values for all three cars.

 

[The Eagles]

Just started cover for a GTS with Classicline who came in at around £500 cheaper than PIS and a few other insurers. After market PPF and tinted windows have been listed as modifications on my policy. No change to the premium and the Classicline cover includes trackdays. A positive start to my 1st 911.

 

[Scrounger]

Just renewed my insurance with Admiral and mentioned the PPF. The advisor said it wasn't something that need to be declared but he has put a note on the renewal.

Dan

 

[RMBenson]

Same response I just received when insuring my Turbo S with Admiral on a multi-car policy

 

[Peter_Bull]

If the PPF is factory fitted as an optional extra is there any need to declare the PPF to an insurer or am I being naive?

My insurance company (LV) said that as this was fitted at the factory then its not a modification. Additional PPF is a paintwork modification according to their underwriters.