SUPERCAR
Supercar & High-Performance Vehicle Insurance
High-value and performance vehicles require structured underwriting discussion — not standard motor rating.
At TIB, we advise owners of supercars, sports cars and high-performance marques on coverage structuring, agreed value considerations, renewal strategy, and claims support through insurers experienced in this segment.
This is a specialised placement — not a comparison exercise.
Suitable For:
- Supercars and exotic marques
- High-performance continental vehicles
- Limited-production or collector vehicles
- Vehicles with sum insured approaching or exceeding S$500,000
(Indicative placement capacity typically up to ~S$1.5M, subject to insurer underwriting.)
imagine the Following:
Ownership Structure and Policy Continuity Risk
A high-value performance vehicle is acquired through a corporate entity, family office structure, or special-purpose vehicle rather than personal ownership. While this may appear administrative, insurers often assess ownership, beneficial control, principal driver exposure, and usage declarations differently depending on policyholder structure.
We review insurable interest, named driver eligibility, and policy wording implications before placement to avoid misalignment between registered owner, beneficial user, and insured party. Where restructuring or transfer of ownership is anticipated, we advise on continuity considerations to prevent inadvertent lapse, coverage disputes, or renewal complications.
The objective is to ensure alignment between legal ownership, underwriting presentation, and long-term insurability.
Renewal Sensitivity Following High-Value Repair
Following a substantial repair claim through an authorised dealer, renewal terms are affected by quantum and claims ratio impact. Rather than allowing automatic repricing, we review claims documentation, repair scope, and underwriting presentation before renewal discussions.
In appropriate circumstances, structured engagement may assist in mitigating disproportionate loading or restrictive conditions.
A high-value performance vehicle is acquired through a corporate entity, family office structure, or special-purpose vehicle rather than personal ownership. While this may appear administrative, insurers often assess ownership, beneficial control, principal driver exposure, and usage declarations differently depending on policyholder structure.
We review insurable interest, named driver eligibility, and policy wording implications before placement to avoid misalignment between registered owner, beneficial user, and insured party. Where restructuring or transfer of ownership is anticipated, we advise on continuity considerations to prevent inadvertent lapse, coverage disputes, or renewal complications.
The objective is to ensure alignment between legal ownership, underwriting presentation, and long-term insurability.
Following a substantial repair claim through an authorised dealer, renewal terms are affected by quantum and claims ratio impact. Rather than allowing automatic repricing, we review claims documentation, repair scope, and underwriting presentation before renewal discussions.
In appropriate circumstances, structured engagement may assist in mitigating disproportionate loading or restrictive conditions.
Key Underwriting Considerations
High-performance vehicles are assessed differently from standard private cars. Insurers typically evaluate:
- Market value structure
- Driver eligibility and restrictions
- Storage arrangements and security
- Annual mileage and usage profile (daily vs leisure)
- Overseas use (where applicable)
- Prior claims history and driving record
Presentation and disclosure discipline are critical in this segment.
We work with insurers experienced in underwriting high-performance vehicles to structure coverage that balances protection and cost.
Discretion, proper risk presentation, and structured underwriting discussion are essential in this segment.
Claims & Renewal Discipline
Claims involving high-value vehicles require careful documentation and communication.
We support clients with:
- Claims advisory and liaison
- Early renewal engagement (6–8 weeks prior to expiry)
- Structured insurer discussion where renewal terms change materially
Maintaining disciplined claims and renewal management is central to long-term placement stability.
Discreet Consultation
Supercar placements are handled with discretion.
If you would like to discuss coverage structuring or renewal strategy, contact TIB for a confidential review. Secure your operations, build consumer trust, and focus on delivering quality services with the confidence that you are protected.
Taking Care Of All Your Risk Management Needs.
Started in the 1960s as an insurance agency, Tan Insurance Brokers is led by a team of extremely experienced and qualified risk managers and advisors and has partnered numerous local and global enterprises for over 5 decades.
At TIB, you always come first. We’ve built our reputation on decades of putting customers first and our experts are always on hand to deliver personalised service and support.
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