The company said that the modern performance car policy is aimed at a range of sports cars, from the Mazda MX5 and MGF up to the Ferrari 458 and Aston Martin DBS. The product will be quoted for a range of modifications, and on a referral basis, can also encompass high profile occupations and provide cover for track days.
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The Classic policy will be available for sports cars that are a minimum of 15 years old and cover a maximum annual mileage of 6000. Agreed value will be available free of charge and a range of modifications and non-standard elements can be accommodated.
Both Midas Performance Car and Midas Classic Car will be available on a Full Cycle EDI basis, launching initially with Transactor Global Solutions before being rolled out to others across 2013, and have been designed to offer the efficiency of EDI functionality, backed up by the flexibility of experienced underwriters who will be able to consider risks on a bespoke basis.
MIDAS Underwriting is an independently owned underwriting agency, specializing in the provision of insurance products to intermediaries.
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