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Things to know before you insure your high-end sports car

For the car enthusiast in you, there are a lot of options to choose from when it comes to sports cars. The Ford Mustang has been a favorite sports car for generations now and the latest iteration is no different. The Lamborghini Huracan and Aventador are breathtaking machines on their own as well. Car manufacturers are not shying away from bringing their best models to India, which seems to have grown a big appetite of premium sports cars. Several premium car manufacturers are bringing their flagship models to India.

Premium Insurance For your Premium Car

Your sports car is a beautiful amalgamation of creativity and engineering prowess. Every time you fire up the massive engine, it is bound to bring a smile on your face and make you realize why you bought it in the first place. However, there is a component of car ownership that you must not compromise even the tiniest bit on, the car insurance.

Of course, the law mandates all vehicle owners to have valid car insurance on them at all times. While the law mandates only a third party car insurance, it is just not enough for a premium car. With a high-end sports car, you run into the risk of much higher repair costs in the case of an accident as compared to a standard car. Thus, a third party car insurance will not cut it for your sweet ride.

In India, you will come across two types of insurance for cars, the mandatory third-party liability policy and comprehensive policy. A third-party liability policy holds good for accidents that result in injuries or damages to third-party individuals or properties.

A comprehensive policy is the more beneficial of the two types of insurance. It offers much better and exhaustive coverage for your car. This ensures that you can take your sports car for a spin without ever having to worry too much about financial losses related to repairing damages.

Yet, it is essential to have a premium, tailor made insurance for the beast resting in your garage. High performance cars require high value premium car insurance. And it is for this very reason that you need a car insurance comparison. While selecting your insurance plan, ensure that you read the fine prints of the policy.

You can and should opt for a car insurance comparison. This will allow you to better understand the features and benefits that different insurers are willing to offer and eventually pick a policy that best fits your sports-car.

The following are some tips that you must consider before you plan to insure your dream car.

–          Check for a feasible deductible which will ensure a slightly lower premium.

–          Cross check if you can opt for some discounts on your high value car insurance policy.

–          Opt for comparison, so that you get a policy that is the best possible one for your car and your needs.

–          Avail discounts related to NCB and anti-theft devices

–          Of the two types of insurance available, a comprehensive plan is recommended. But you must look at going for Add-on covers as well, as a standard comprehensive plan might just not be enough.

–          Make an informed choice. Understand all the terms and conditions of the policy before purchasing it.

A high-end sports car is a privilege as well as a responsibility. While you drive it as safely as possible, getting a good policy will ensure complete peace of mind.

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Written by espreson

Founder and administrator of Espreson Media a Web Design & Development Studio.

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