Bugatti Car Insurance

Today, Bugatti is known for astonishingly expensive high-speed sports cars and its equally expensive Bugatti Car Insurance. Not many know about the brand’s rich history of the struggle for existence and how it became the big brand it is now. Ettore Bugatti was an industrial designer who founded Bugatti in 1909. His son’s death in 1939 followed by his own death in 1947 left the brand with no living successor. The brand’s struggle continued until it was revived by an Italian entrepreneur, Romano Artioli. The Bugatti we know today is owned by the Volkswagen group.

Every car insurance policy has a fixed set of coverages that helps define the scope of that policy. The following coverages are a part of Bugatti Car Insurance for a comprehensive type of policy:

1. Third-party Coverages: This coverage includes damages to third-party property, injuries to a third-party, and compensation for the death of the third party.

2. Third-party Legal Liabilities: The cost of legal liabilities arising out of an accident with a third-party is covered under Bugatti Car Insurance.

3. Personal Accident Cover: A personal accident cover of Rs. 15 Lakh is included in the car insurance policy for the owner/driver of the Bugatti. 

4. Theft Coverage: Theft of the car is covered under Bugatti car insurance.

5. Damage due to Fire: Any damage arising out of the fire, explosion, or a blast due to issues in the ignition of a Bugatti car is covered under a comprehensive insurance policy.

6. Accidental Damage: The cost of repairing damage caused due to an accident of the insured Bugatti is covered.

7. Damage due to calamities: A comprehensive insurance policy for your Bugatti will financially cover you against damage caused by natural or man-made calamities. 

Exclusions are situations where a policyholder cannot raise a claim for compensation. He/she will have to bear the cost of repair/replacement from their pocket. Following is a list of exclusions for Bugatti Car insurance policy:

Car Insurance add-ons are optional coverages that are helpful for a car, in this case, a Bugatti. Add-ons can be bought only with a comprehensive car insurance policy. Following add-ons are available for Bugatti car insurance: 

1. Engine Protect: Any damage to the engine of an insured car is not covered in a comprehensive car insurance policy. However, it can be covered under insurance with the help of an Engine Protect Add-on. 

2. Invoice Cover: Invoice cover, also known as Return to Invoice cover, helps the car owner claim for the ex-showroom price of the car in case of extreme damage or theft. 

3. Key Protect: Due to the additional features, Bugatti’s smart keys are expensive and losing them can burn a hole in your pocket. Buying the Key Protect Add-on along with the Bugatti Car insurance can help cover these costs.

4. NCB Protect: NCB stands for No Claim Bonus. This discount drops to zero when the policyholder raises a claim. The NCB protect add-on keeps the NCB cycle going even if a few claims are raised.

5. Theft of Personal Belongings: People carry important personal belongings like mobile phones, laptops, etc. while travelling. These can get stolen from the car in some cases. The Theft of Personal Belongings add-on will be helpful to receive compensation for such devices.

The claim process of each insurance company can differ slightly. Overall the following steps are common:

Step 1 - Intimate the insurer: The policyholder should get in touch with the insurance company to report the claimable event as soon as possible.

Step 2 - Arrange the documents: When the policyholder contacts the insurer, they will ask for certain documents that are to be submitted while filing the claim.

Step 3 - Claim: The policyholder should raise a claim as per the prescribed process.

Step 4 - Inspection: The insurer will most likely request an inspection before accepting the claim application.

Step 5 - Payment: The policyholder may have to pay the deductibles for the final claim settlement. Once the claim process is over, the insurer will pay the claim amount under the terms and conditions of the insurance policy.