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Canadian insurance

Discussion in '288GTO/F40/F50/Enzo/LaFerrari/F80' started by fire_n_ice, May 31, 2007.

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  1. fire_n_ice

    fire_n_ice Formula 3

    Jun 9, 2006
    1,087
    #1 fire_n_ice, May 31, 2007
    Any of you guys who own one (or more!) of the super Fcars currently residing and insuring your vehicles in Canada? I'm having a b*tch of a time insuring my TR for its relatively low appraised value here in Toronto. I've been pondering the idea of acquiring an F40 at some point (if I can find one), but I don't know if I could even get it insured here!

    If anybody knows of a company that will insure extremely valuable cars in Canada, please PM me.

    Thanks.
     
  2. Ambassiatore

    Ambassiatore Formula Junior

    Jan 30, 2007
    926
    Full Name:
    David Figueredo T.
    #2 Ambassiatore, May 31, 2007
    Bump!...I´m intersted too, waiting for input...
     
  3. Newman

    Newman F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 26, 2001
    14,450
    Canada
    Full Name:
    Newman
    #3 Newman, May 31, 2007
    My boxer is insured by Lant Insurance but its 25 years old which puts me in a very inexpensive bracket. Im paying $1000 a year full coverage 12 months at appraised value, $100 deductable, etc....
     
  4. fire_n_ice

    fire_n_ice Formula 3

    Jun 9, 2006
    1,087
    #4 fire_n_ice, May 31, 2007
    I know about Lant's Silver Wheel program. It's the "restricted use" policy, right? Where you can only drive for hobby-type activities. I may end up going with them for the TR.

    However, what I really want to know is who in Canada would insure a VERY expensive Ferrari, like an F40 at CAD $500,000+ ?? I imagine that the only option would be a restricted-use policy, like Silver Wheels, but my impression of Lant is that they wouldn't touch something that valuable. If you know differently, please advise.

    I know that there are a few F40s in Canada. Who insures them and what kind of policy?

    Thanks.
     
  5. Kds

    Kds F1 World Champ

    May 1, 2003
    10,994
    Canada and Brasil...
    #5 Kds, May 31, 2007
    I am surprised that you cannot get satisfactory insurance merely by calling a well known and established broker. If you cannot get private coverage the government has a "facility" program in place.....

    None of my clients have ever had issues getting a certain "high end" car covered........not even $400K Ferrari's. I have a client with 3 F-cars......and hundreds with long term exotic car histories.....and this never comes up.

    Shop around harder......good luck.
     
  6. fire_n_ice

    fire_n_ice Formula 3

    Jun 9, 2006
    1,087
    #6 fire_n_ice, May 31, 2007
    If you can recommend a contact at any point, I'd appreciate it. Thanks.
     
  7. Kds

    Kds F1 World Champ

    May 1, 2003
    10,994
    Canada and Brasil...
    #7 Kds, May 31, 2007
    I'm in Calgary.............so I don't know who you'd call in Ontario.....sorry.

    A lot of my clients seem to use the broker TD Melloche Monex.....see if they are in TO.
     
  8. arshad

    arshad Formula Junior

    Mar 10, 2004
    648
    Toronto, Canada
    Full Name:
    Arshad
    #8 arshad, Jun 1, 2007
    fire_n_ice, send a PM over to f40carlo. He's got an F40, and he's in Ontario so he should be able to offer some guidance.
     
  9. carbon_00

    carbon_00 Formula Junior

    May 5, 2006
    746
    Toronto/London, UK
    Full Name:
    Scott
    #9 carbon_00, Jun 2, 2007
    I use CHUBB as do many of my exotic loving friends. I pay around $4000 a year for an F430, M6 cab and a Cayenne S.

    Hope that helps

    PM me if you want my agents info, he is a die hard race car driver as well.

    Cheers
     
  10. fire_n_ice

    fire_n_ice Formula 3

    Jun 9, 2006
    1,087
    #10 fire_n_ice, Jun 2, 2007

    Thank you.
     
  11. carbon_00

    carbon_00 Formula Junior

    May 5, 2006
    746
    Toronto/London, UK
    Full Name:
    Scott
    #11 carbon_00, Jun 2, 2007
    CIBI.ca
    1 Eglinton Ave. East, Suite 415
    Toronto, Ontario Canada
    M4P 3A1

    Telephone: (416) 486-0951
    Direct Line: (416) 486 4559
    Fax: (416) 489-5311

    Jason Jenkins ext 218

    Deals in CHUBB insurance for exotics and is a helluva great guy to boot.

    Tell him Scott says hello!!
     
  12. Newman

    Newman F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 26, 2001
    14,450
    Canada
    Full Name:
    Newman
    #12 Newman, Jun 2, 2007
    restricted in that I need a primary source of transportation other than my boxer and I cant use it to go to work on the daily basis. Im insured otherwise even in other countries and kms is unlimited. Lant is cheaper than my regular insurance company and the deductible is much lower. Im happy but if the car was 24 years old I wouldnt be saving anything through them. They didnt hesitate to insure me. One other restriction is no track use but thats a no-brainer, no company insures a car on the track.
     

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