Bugatti Veyron Insurance - Buy/Renew Bugatti Veyron Car Insurance

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Owning the world's fastest street-legal production car is an absolute dream come true. But it doesn't end with just getting your hands on the keys to a Bugatti Veyron. You need to protect your prized possessions as well. This makes buying car insurance for your Bugatti Veyron an important investment.

Let's learn why you need to buy insurance for your Bugatti Veyron and understand the various types of covers available.

Why should you buy car insurance for Bugatti Veyron?

Legal Requirement

As per Indian law, it is illegal to drive any vehicle on public roads without a valid car insurance policy. This applies to regular hatchbacks and luxurious supercars like the Bugatti Veyron.

Financial Security

The Bugatti Veyron costs several crores of rupees. In case of any mishap, you may have to shell out a huge amount for repairs from your own pocket without insurance. A comprehensive policy will provide financial security.

Covers Liabilities

Your Bugatti Veyron insurance policy will cover liabilities arising due to damage caused to a third-party vehicle or property or life in an accident.

Protects Against Theft

Luxury cars like the Bugatti Veyron have a higher risk of being stolen for their high value. A cover will ensure you get compensation in case your car is stolen.

Covers Natural Calamities

Damage from events like floods, storms, lightning, etc., will also be covered under your comprehensive Bugatti Veyron insurance policy.

The most common types of car insurance for Bugatti Veyron

Third-Party Liability Cover

This basic cover is mandatory by law. It covers injury or damage caused by your Bugatti Veyron to a third party only. Your own car is not covered.

Comprehensive Cover

The most recommended option as it provides extensive protection. Covers your own Bugatti Veyron as well as third-party liability. Provides financial security.

What is Covered

What is not covered

What is covered in Bugatti Veyron car insurance? (Inclusions)

A comprehensive car insurance policy will typically include the following:

Third-party liability for injury/death and property damage.
Damage to own car due to natural disasters, accidents, theft, etc.
Losses due to fire, explosion, self-ignition, lightning, etc.

What is not covered by Bugatti Veyron car insurance? (Exclusions)

There are certain limitations to a Bugatti Veyron insurance policy:

Damage due to driving under alcohol influence.
Losses due to war, mutiny and nuclear risks.
Wear and tear of parts like tyres and batteries.
Losses outside the specified geographical area.
Damage caused by unauthorised driver.
Losses due to mechanical or electrical breakdown.

Add-ons for Bugatti Veyron car insurance

Some useful add-ons offered are:

Zero Depreciation Cover - This add-on ensures that the depreciated value of parts is not deducted from the claim settlement. For high-value cars like Bugatti, standard policies deduct depreciation on parts - this add-on waives it off, so you get the full value.
Engine Protection: Covers damage to the engine arising from leakage of lubricating oil or damage due to ingress of water into the engine. Useful for high-performance engines in cars like Bugatti Veyron.
NCB Protection: The NCB (No Claim Bonus) discount can be lost if you make a claim. This add-on ensures your NCB discount will remain intact even if you make a claim. Protects your future premiums.
Key Replacement: Covers cost of replacing car keys/locks if keys are lost or stolen. Bugatti keys are expensive, so this add-on provides reimbursement up to the policy limit.
Roadside Assistance: Provides assistance in case of breakdown, flat tyre, accidental damage, etc., through mechanics or towing facilities. Crucial for a car like Bugatti Veyron if stranded.

Benefits of buying online car insurance for your Bugatti Veyron

Hassle-free Process: Major insurers offer an easy and convenient way to purchase car insurance online in just a few minutes. No paperwork or middlemen meetings are required. Just get quotes and buy the policy completely online.
Lower Premium: Direct insurance providers with no commission-based model can offer more competitive premiums compared to traditional insurers. This makes the premium more affordable for an expensive car like a Bugatti Veyron.
Cashless Garage Network: Major insurers tie up with a wide network of garages across India to provide cashless repairs. Just drive into the partner garage and get your Bugatti repaired without payment hassles.
Express Settlement: Insurers settle small claims instantly with their automated digital process. This quick settlement is crucial in case of high value cars like Bugatti to get back on the road faster.
Round-the-Clock Support: Dedicated customer support reps are available 24/7 to address policy purchases, claims or any other queries related to the insurance. Useful for Bugatti owners who need assistance anytime.
Free Pickup & Drop: Big insurers arrange for pickup of the Bugatti from your home for repairs and free drop back after the car is serviced. Hassle-free repairs without having to take the car to the garage yourself.

How to Buy/Renew Bugatti Veyron Insurance

Follow these steps:

Visit your insurer’s website or app.
Enter the registration number of your Bugatti Veyron.
Select the insurance plan and add on as needed.
Pay premium online to instantly purchase/renew your policy.

4 easy steps to raise a claim

Claiming is quick and convenient:

Intimate claim by calling your insurer or via the app.
Upload documents and submit the claim.
Car inspection in case of major damage.
Claim approval and settlement into the bank account

Conclusion

The Bugatti Veyron is a prized possession that needs to be protected well. Comprehensive insurance ensures complete financial security and peace of mind while driving your dream machine on Indian roads. Choose a top insurance company for a seamless, hassle-free experience.