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AXA XL today announced it has enhanced its “Classic Cars” coverage, an insurance solution for private vehicle collectors. The solution now covers physical damages incurred while the vehicles are in use, including during rallies and exhibitions, and for cars classified as “oldtimers” and “youngtimers”.

Daphné de Marolles, Underwriting Manager, Fine Art & Specie for AXA XL in France, explained: "France is among the most dynamic markets for classic cars, with nearly 850,000 registered vehicles, according to the Fédération Française des Véhicules d'Epoque and a growing community of collectors. With this updated coverage, we’re demonstrating our ability and commitment to supporting these clients.”

Guillaume Serinet, Senior Underwriting, Fine Art & Specie and technical expert for Private Clients at AXA XL in France, added: “We share our clients’ passion and understand their desire to preserve their collection, the significance of which is often aesthetic, technical, and emotional all at once. Insuring a classic car is about protecting an object of passion just as one would a work of art, and we are proud to expand our expertise in fine art insurance to this niche.”