Travelling with a Ferrari Car Insurance
If only untoward events such as car accidents didn’t occur with travels, every outdoor trip would definitely be a very enjoyable moment. Everytime a car sustains damage from collision on the road, the car owner often assumes that insurance for his car will be covered in his credit card; only to find that it is not covered and that it would require you purchase insurance such as a Ferrari car insurance.
If you’re thinking of having Ferrari car insurance, here are some useful information you can make use of:
Where do I go to take advantage of it?
In Canada, there are approximately 80 credit cards equipped with Ferrari car insurance. Considering that a typical Canadian citizen has about 3 or more credit cards, you are more likely entitled to have this type of insurance already.
What does a Ferrari Car Insurance Cover?
Four factors are considered in using the Ferrari car insurance provided by your credit card:
It does not cover all the risks: The Ferrari car insurance covered by your credit card only provides you assistance with collision damages. Meaning, physical damages, and damages associated with your liability are not covered. So if you met an accident on the road and you were found at fault in causing damage to a third party, you will have to pay for all damages sustained as well as for your medical treatment.
It does not cover all vehicles: Especially if you’re trying to protect high-value or rare vehicles, Ferrari car insurances often cause disappointment. Vehicles such as snowmobiles, motorcycles and ATV are not covered by the insurance in your credit card. Furthermore, damages sustained by mini-vans are covered if and only if they will be used to transport people, and not anything else. Meaning, if you used your mini-van to transport your things because you moved to a new residence, any damage that can possibly occur from its collision on the road will warrant no coverage.
Also be careful with luxurious and expensive vehicles: The maximum coverage amount for any damage would be $65,000, while Amex cards can reach an $85,000 maximum coverage amount. So, if your car is too expensive, sad to say but your vehicle won’t be fully covered.
Where and when: If you’re renting a car, you really should take note about the duration that you intend to rent that vehicle. Most Ferrari car insurances normally don’t cover collision damages from a car rented for more than 31 to 48 days. The location is also a vital factor to consider. Damages from accidents in the U.S. will be covered, but those sustained in Asia or Europe might not be honored; you should research about and prepare for this ahead of time.
Most importantly, make sure that you pay for the damages sustained using the right card to avoid additional problems on your part; confirmation is required that the right credit card was charged.
A Better Option to Provide Protection to your Car:
There’s a better method to protect your car than using your credit card or paying $15 to $20 daily for a waiver given by your car rental company, and that is taking advantage of a separate Ferrari car insurance. Insurance holders may also be entitled to additional protection such as rental car protection; which will only cost you about $30 more, yearly.
Whatever Ferrari car insurance you choose to take advantage of, always bear in mind three essential factors to take into account: Car damages, physical injuries and Liability. These should be covered with a Ferrari car insurance for an enjoyable and worry-free road trip