AXA XL launches insurance for collectors of classic and premium vehicles

AXA XL announced the launch of a new insurance solution for museums and private collectors of exclusive car collections in Switzerland. The all-risk coverage protects collections valued at CHF 1 million or more, offering protection for both registered and unregistered classic and premium vehicles.

The solution provides year-round property and transport insurance for collections of at least three vehicles, regardless of location, including occasional use for trips, rallies, or similar events.

“Switzerland holds a prominent position in the market for classic and premium cars. The total value of all classic cars in the country is estimated at approximately 7.7 billion Swiss francs and seven of the 100 most valuable car collections globally are owned by Swiss collectors. As a leading insurer of art and valuable collectibles, we are proud to expand our offering for our high-net-worth clients and to now provide a bespoke insurance solution not only for individual vehicles but also for entire collections” – Frances Erb, Underwriting Manager, Fine Art & Private Clients for AXA XL in Switzerland.