The semi old-time insurance is a term that can be found regularly at insurance companies where you can also take out old-age insurance. In this article you can read what exactly a “semi old-timer insurance” is exactly and what the difference is with a regular old-timer insurance. Furthermore, all the important features of the semi old-age insurance policy are passed to get a better picture of this form of insurance. Because perhaps this way of insurance can be an interesting alternative to the normal old-age insurance for you.
What is a semi old-timer insurance?
A semi old-age insurance has been set up by insurers to offer insurance that includes normal car insurance and old-age insurance. The difference lies in the fact that for the tax authorities an old-timer can only be a car which is older than 25 years. Insurers, however, have set a different age limit for the concept of semi oldtimer. This, depending on the society, often has a minimum age of 15 or 20 years as a condition. If your old-timer is included here, you can qualify for a semi old-age insurance while it would otherwise not have been possible to insure the car as a full-fledged old-timer.
Close semi old-timer insurance
When can you actually take out a semi old-time insurance policy? This depends on a number of factors that may vary per insurance company. Every company has its own conditions when a vehicle qualifies for a semi old-age insurance. Although the conditions may differ per insurance company, it is often the same criteria. The different insurers set these differently. To keep things understandable and clear, the most important requirements are listed below that a vehicle will have to meet in order to qualify for a semi old-age insurance.
Requirements in terms of age:
The age of the relevant car may determine whether or not to qualify for a semi old-age insurance. As already given as an example, insurers determine this condition for the age itself and can therefore differ. A guideline, however, is to give, the vehicle should generally be at least 15 to 20 years old to qualify for insurance as a semi oldtimer.
The premium of a semi old-timer insurance:
The monthly premium of a semi old-age insurance is generally between that of a normal car insurance and a old-time insurance policy. It can therefore be attractive to see if your car qualifies for a semi old-age insurance policy instead of a normal car insurance policy.
Number of kilometers:
The number of kilometers you expect to drive annually can determine whether your vehicle is eligible for a semi old-age insurance. If you do not drive too much, this will not be a problem. The limit depends on the insurer in question, but it can be assumed that there is a limit between 7,500 and 12,000 kilometers per year.
For the conclusion of a semi old-age insurance, some insurers may be required to have a second car in their possession. This second car should then be used for, among other things, commuter traffic. The oldtimer should then be used for recreational use.
In summary, it can be stated that a semi old-timer insurance can be taken out when the car does not meet the requirements to qualify as an old-timer. This may be due to, for example, daily use of the oldtimer or too many kilometers. To find out which insurers offer this so-called semi old-age insurance, you can visit this page: close the old-age insurance