It is an enjoyable and memorable moment for many car owners when they are handed the keys to a dream vehicle, regardless of whether that’s a classic machine, daily run around, first car, or something more exotic.
What is important to remember is that while what comes with four wheels is important, you shouldn’t overlook some of the necessary additions to make sure your purchase is protected, including specialised insurance, dependent on your needs and requirements.
What is specialised insurance?
If your car has one or more of the following, you will need coverage that goes beyond the everyday motor insurance policy. This can include things like a modified ECU, steering adjustments, upgraded or sports exhaust systems, modified suspension and brakes, roll bars or roll cages, and more beyond.
While some of these additions may seem trivial, they can void standard car insurance policies, so it will pay off to call one of the GMI Insurance Services team to discuss your needs and requirements.
What does it cover?
When owning a high-performance machine, there are certain things which require coverage that standard cars may not be suitable for. Firstly, the value of your car is much less likely to depreciate, so your coverage needs to reflect the ongoing investment you have made. You will also be able to ensure your car is serviced by a mechanic of your choice, rather than one chosen by your insurer, so you can be sure specialists are conducting repairs. You can also continue to upgrade or modify your car without voiding your insurance, but make sure you speak to the GMI Insurance Services team first!
In addition, specialised insurance packages will ensure you can be covered for all activities that you wish to undertake, which can also include coverage for track days at race circuits, which is the safest and most sensible way of finding out just where the limits are with your car!
In summary
Investments in high-performance and sportscars remain popular, while many owners simply want to enjoy the extra performance and power of some of these jaw-dropping machines. Don’t leave yourself short, speak to one of the GMI Insurance Services team today, on 020 8850 5531, and let us help you find the policy that works for you.
