Ferrari Insurance

Mayfair Insurance based in Bedfordshire specialize in classic Ferrari insurance can satisfy your specific needs and requirements. Due to the best customer services, we have become the most popular suppliers of insurance to the whole car market. We have successfully serviced the unique requirements of car owners and our reputation is based upon our ability to arrange additional covers at an affordable cost.

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1. Get Essential Knowledge On Your Classic Car Insurance :- Regardless the kind of vehicle you own, you have to take utmost care of your automobile to keep it in proper running condition. But, if the vehicle you own is a collectible, you should be twice as vigilant in taking care of the vehicle. The best mode to take proper care is to get classic auto insurance for your prized possession. This will invariably save you from unforeseen expenses that you might come across such as taking care of the repairs of your automobile if it gets involved in an accident. One thing you can be sure of, getting the repairs of a classic car that is not insured can burn a big hole in your pocket. To curb these heavy expenses, you should ensure that you take an auto policy that fully insures your vehicle against such damages. The definition of a classic vehicle varies for different insurance companies. The age and number of vehicles on the road also constitutes in determining whether the automobile comes under the ambit of a vintage car or not. Not only the old vehicles, there are some expensive vehicles that come under the category of vintage vehicles, such as the Bentley and the Ferrari. There are not many companies that are willing to offer Bentley car insurance or Ferrari car insurance. You have to make a thorough research in the market to look out for companies offering Bentley classic insurance. You should also look out for the difference between the classic and the regular auto insurance offered by various companies. Look out for the company that offers you better coverage with affordable costs. Following are some of the points that may prove helpful while you look for an excellent company for your vintage vehicle :  Look out for the category where your classic car fits.  Establish the price you quote in your insurance coverage.  You must be aware of the limitation of the classic usage .
2. 1. Look out for the category where your classic car fits : As far as the auto insurance companies are concerned, the definition of a vintage vehicle goes back to the early seventies ranging to the period just near the ending of World War II. These are usually classified under four categories, the Veteran, the Edwardian, the Vintage and the Classic. There is one more, the fifth category that is specifically added for those rare collectible cars that are only five to ten years old. These are also known as the Cherished collection of the vehicle. These categories of classic cars come under the ambit of classic auto insurance offered by auto companies. The following list of classifications for the classic vehicle may help you understand where your prized possession stands :  Custom vehicles- automobiles manufactured since 1949 till date.  Street roads- automobiles prior to 1949.  Antique automobiles- vehicles older than 25 years.  Classic vehicles- between 20 to 24 years of age.  Collectible vehicles- 15 to 19 years old.  Exotic vehicles- automobiles less than 15 years old. 2 . Establish the price you quote in your insurance coverage :
3. The difference between the regular auto insurance and the classic one is that in the latter you can actually quote a price of your vehicle to be jotted down as your insurance coverage. The settled value that accounts for the vehicle is the maximum cost the company pays for the claim raised by the owner. You should get the latest evaluation of your vehicle in order to know how much your vehicle is worth in the present market. The renewal of your auto policy and the condition of your vehicle has also been a determining factor that may change the settled value to be paid by the company. 3. You must be aware of the limitation of the classic usage : It is imperative for the insurer to gain knowledge whether there is any shortage in the policy or you are subjected to any limitation to the usage of the vehicle. There are many policies that come with plenty of restrictions for the usage of the classic vehicles. Some of these limitations consist of locking up the vehicle in the garage and the restriction on the mileage. However, limiting your mileage can prove to be a blessing in disguise. In case you are able to kick off an agreement where you limit your mileage drive, you may be able to get a rebate of 5% of the premiums that you pay. You should make sure that while participating in major auto shows and events, your insurer is aware so as you can benefit on your coverage. You also need to act in accordance with the insurer when it comes to the storage conditions of your prized possession. To curb the auto insurance prices, there are some specific restrictions that are placed on the vehicle insured :
4.  The vehicle is strictly prohibited to be used for daily purpose. The insured vehicles are limited in their movement to and from auto shows.  These vehicles are also limited to being driven to 2,500 miles per annum. This is a standard number offered by most of the auto companies but there is certain policy that gives the leverage to drive the vehicle up to 5,000 to 6,000 miles per annum.  The last but not the least, the insured vehicle must be kept under lock and key in a garage meeting the standards laid by the company. There are certain policies that forbid you to keep your vehicle unattended in a parking lot. You should have a good understanding with the insurance company before you actually sign the papers. The company should also understand the vehicle and give you the value your cherished possession deserves. Created By www.ferrariinsurance.info