Things to consider for your Ferrari insurance…
When taking out a Ferrari car insurance policy, it’s a good idea to consider whether the insurers will require you to only use their chosen garage for repairs if your vehicle is ever damaged or breaks down, or whether you’re able to select your ideal Ferrari specialist, which could potentially affect your warranty, depending on where your car was purchased. You might also want to ensure that any parts that require replacements in the event of a repair are specific to your Ferrari’s model and not a replica version or a refurbished part.
It’s also sensible to consider a ‘guaranteed value’ or ‘agreed value’, as opposed to a market value policy, which is a common choice for higher value vehicles, especially rare or classic models. In the event of a complete write off, this type of policy would reimburse a pre-arranged amount that was agreed at the start of the policy. This will probably require a valuation certificate from an independent party to verify the vehicles value for insurance purposes. Particularly for things like Classic Car and Sports Car Insurance, it’s common practice for insurers to request pictures of the car (exterior, interior and engine etc.). Keeping copies of receipts from any modifications or repairs can be used as evidence of your vehicle’s value.
With things like ‘steal to order’ thefts and malicious damage; all luxury cars like Ferraris need to have ample security in place. An alarm or tracker security device is a wise choice and can also have the benefit of lowering your Ferrari insurance cost. Many prestige cars already have a GPS tracker fitted as standard, but if your car doesn’t happen to have one it’s definitely worth investing, as these devices can help the police recover your vehicle if it’s ever stolen. Also, making sure your vehicle is kept in a garage or secure building overnight is another highly recommended option and where your car is stored can also affect the price of your premium.
Our team will be able to advise on the Ferrari car insurance cover options that are available to you, from both well-known and specialist insurers. As with all insurance policies, it is important to carefully check your policy wording to check that it is suitable for all your requirements.
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Whatever your needs for insurance on a Ferrari, 1st Choice offers an award-winning service and is here to help. We offer quick quotes, expert knowledge, competitive pricing, instant coverage, and all your insurance documents via email. Don’t just take our word for it, you can check out what our clients say on REVIEWS here – Over 95% of our clients rate us as ‘Excellent’.
We believe that everyone deserves value for money on their Ferrari car insurance policies, which is why we try to offer robust, fully tailored policies that cover everything you need, whilst also offering great savings. Call our friendly team today on 01743 770 500 or complete our Get a Quote Form to request a call back.