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Ferrari cars have a rich history of taking part in motorsports. Securing them with a comprehensive Ferrari Car Insurance policy can help you take care of finances in case of accidents or other types of damage to this highly sought-after sports car. Buying or renewing Ferrari car insurance can be done within a few minutes from ACKO. Take a look at the following article to understand more about car insurance for Ferrari cars.
Many people find it convenient to buy various products from online websites as compared to the traditional method of manually visiting each store and selecting items. Car insurance has seen a similar trend. The following reason will shed light on why it is better to buy car insurance online from a digital-first insurance company like ACKO.
Some people perceive insurance as complex and rely on an agent to guide them on buying a suitable car insurance policy. However, when you buy car insurance online from ACKO, you can make your own decision and buy the best possible coverage as per your needs.
The transition from offline to online car insurance has been a key factor for eliminating paperwork while buying or renewing car insurance. Instead of manually filling forms or simply signing on the “x” mark made by someone else, you just have to enter simple car-related information like model name, registration number, etc. to buy a policy from ACKO.
It is important that you understand the different types of car insurance policies available in the market. This will help you buy better coverage at a lower price as well. Car insurance can be of the following two types.
A Third-party Car Insurance policy allows your insurance company to take care of expenses related to third parties in case of an accident. Note that a third party can be anyone on the road. Coverages like third-party death, injuries, property damages, etc. are covered under this policy. It does not cover expenses related to the damages to your car.
A Comprehensive cover is more exhaustive than a Third-party Liability Insurance cover. Apart from covering Third-party liabilities, this type of car insurance also includes damages of different types, for example, accidental damage, fire, theft, natural calamities, etc. suffered by your car.
An insurance company decides the scope of your car insurance policy by providing a list of inclusions. These are nothing but situations in which you can raise a car insurance claim. Take a look at the following list of general inclusions of a Comprehensive Car Insurance policy.
AccidentsTheft
Fire
Damage from natural or man-made calamities.
Total loss, i.e. damage beyond repair
Third-party damages
Personal Accident Cover (Purchased separately)
Situations covered with add-ons that you buy
The cost of Ferrari insurance will depend upon the coverage that you choose.
It may not always be a good idea to raise a claim every time damage occurs. Insurance companies have a set of exclusions to avoid frequent or unfair claims. The following list will give you an overview of general exclusions.
Driving in an intoxicated state
Regular wear and tear
Mechanical or electrical damage
Intentional damage
Consequential loss
Not carrying valid documents while driving
Claim against an expired policy
Add-ons are additional coverages that increase the scope of a Comprehensive policy. They can be purchased as per the requirement to avail useful services. Following car insurance add-ons are suitable with a Comprehensive policy.
Return to Invoice Cover
Personal Accident Cover for Passengers
Consumables Cover
Key Replacement Cover
No Claim Bonus Protection
One of the first digital insurance companies in India, ACKO has tried to simplify the process of insurance that is perceived as complex for a long time. Following are the advantages of buying car insurance from ACKO.
Many people think that making a claim against car insurance is a tedious process. Buying car insurance at ACKO will simplify the process for you. You can easily raise a claim from the website or mobile application without any physical documents.
Arranging for towing services after an accident can prove to be a hassle. ACKO’s free pick-up and drop (for select cities) can solve this problem in a jiffy. Simply make a call to us and we will pick up the damaged car and drop it at your doorstep after repairs.
ACKO offers a range of useful car insurance add-ons with a Comprehensive car insurance plan. These add-ons help you to customize car insurance as per your needs and you don’t have to buy a general plan that may have features that you may not require.
Making a car insurance claim at ACKO is like any other simple online transaction. Take a look at the following steps and you will get an idea of how easy and hassle-free the claim experience is at ACKO.
Step 1 - Download ACKO’s mobile app or visit www.acko.com.
Step 2 - Use your registered phone number to login into your ACKO profile.
Step 3 - Select your car details and click on the claim now.
You can add the required information and upload soft copies of documents to submit the claim. The team will get in touch with you to know more about your claim and guide you through the process.
The following list of questions will help you understand car insurance better.
No, rather it is recommended to switch to a new-age insurance company like ACKO if you have a difficult experience with the old insurer. The process is simple and can be completed in no time.
You do not need any physical documents or hard copies to buy or renew car insurance online at ACKO. Simply visit www.acko.com or download the mobile application and enter a few details related to your car and previous insurance policy. And you are done.
The insurance company will automatically calculate the No Claim Bonus (NCB) based on the age of your car and your claim history. The applicable discount will be included in the final payment amount.
Since a Third-party Liability policy does not cover the insured car, one cannot make a claim if the insured car is damaged. Thus, a Third-party Liabilities policy is insufficient. Instead, consider opting for a Comprehensive plan.
It is very easy to buy car insurance online. All you need to do is create a profile on ACKO’s website or the mobile app and log in. Next, you can enter the car details and the claim history to know about available car insurance quotes. Once you decide on the coverage, you can make payment online and get the insurance policy.