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How does prestige car insurance work and protect me?

Date Added: November 18, 2011 10:26:30 AM
Category: Insurance directory

How does prestige car insurance work and protect me?

Prestige cars are luxury cars owned by individuals, business owners and car hire companies. Normal cars can be easily insured using price insurance comparison systems available on the internet. However, expensive or rare cars will require a specialist insurance quotation. The specialist will already know from his extensive database which insurance company provides the best insurance policies. Also, it is vital to know, if the insurance company has a good record for customer relations.

Luxury cars are similar to insuring a normal car. The broker will take into account:

•    Accidental damage risks
•    Fire risks
•    Risks
•    Theft
•    Third party liability risks

The insurance broker will obtain a few quotations based on a standard excess and the broker can also be asked to provide alternative premiums based upon a higher excess.

Once you receive your policy, have it checked and ensure that there are no mistakes, otherwise have it corrected. Store the insurance documents in a safe place. At the end of the insurance term, normally one year ask the broker to check the insurance market again for a better quotation.

Adjust the excess to see if the premiums result in any additional savings.

Read the prestige car insurance term and conditions carefully and store the documents in an easy to find place.
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