Burning Up the Racetrack, Not the Car – Insurance Advice

By Bill Crowley, Chubb & Son

What’s the biggest financial exposure that owners of valuable automobiles confront? Leaving aside a depressed sales market, a collision is the top risk followed by fire. There is a sea of difference between these two threats, however. A collision will bang up just one owned vehicle (at a time), but a fire can destroy or otherwise damage several cars in one fell swoop, assuming they’re all stored in the same place. Financially, the outcome can be devastating.