Chubb Insurance Company of Europe (Chubb Insurance) is entering Ireland’s motor insurance market with a policy for owners of higher value cars.
Masterpiece Motor is Ireland’s first motor policy geared for this market for individuals driving cars worth €60,000 when new.
There is no upper limit on the number of cars which can be covered on the policy.
In the past ten years, sales of luxury marques such as Mercedes, Jaguar, Porsche, BMW and Lexus have rocketed by more than 400%.
Brian Byrne.
