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Bugatti Veyron Car Insurance
The Bugatti Veyron is considered one of the most sophisticated and lavish supercars built to date. It has an 8.0-litre quad-turbocharged W16 engine that gives better power output and smoother performance. A robust car insurance policy is essential for such a high-end car. A customised car insurance plan helps protect this premium vehicle from sudden financial losses.
Bugatti Veyron Car Insurance: Inclusions
When you own an ultra-luxury supercar, get the right coverage plan to protect your prized possession. A comprehensive Bugatti Veyron insurance plan covers the following:
- Offers financial protection against any damage caused by accidents.
- Covers compensation for losses due to riots, vandalism, or other intentional damage.
- Coverage extends to damages from natural disasters such as floods, cyclones, or earthquakes.
- Reimbursement for partial or complete loss of the car in the event of theft or burglary.
- Coverage against damage due to fire, explosions, or engine self-ignition.
- Covers third-party liabilities (mandatory by law) for injury or property damage caused by the insured car to others.
Bugatti Veyron Car Insurance: Exclusions
Even a comprehensive policy has exceptions that exclude certain risks from coverage. So, you must be aware of them before you go to buy a Bugatti Veyron car insurance policy. The insurance policy does not cover the following situations:
- Car damage resulting from negligence or lack of regular maintenance.
- If the driver was under the influence of alcohol or drugs during the accident.
- Driving the car without a valid driving licence at the time of the accident.
- Losses occurring outside the geographical limit, as mentioned in the insurance policy.
- Regular ageing or wear and tear of the car over time.
*Disclaimer: Policy terms can differ depending on the insurer. You are advised to read the document carefully to understand the complete coverage.
Add-ons Available for Bugatti Veyron Insurance
Add-ons extend your coverage and provide special protection for your Bugatti Veyron. Here are four major add-ons that could be especially important for you:
- Engine Protection Cover: This add-on covers the cost of engine repair caused by oil leakage, water infiltration, or lubricant failure. Repairs to this high-performance engine can be costly, and the comprehensive plans don't cover them. So, it's advisable to have this add-on policy.
- Key and Lock Replacement Cover: The Veyron's key mechanism is sophisticated and expensive. This add-on covers the replacement of lost or stolen keys and locksets.
- Roadside Assistance Cover: This add-on covers everything from flat tyres and battery jumpstarts to fuel delivery and towing. Although it is an optional cover, buying this add-on keeps you on the safer side for cars like the Bugatti Veyron. Being a rare car, its service or spare parts are not easily available at regular garages.
- No Claim Bonus Protection Cover: Car owners who do not raise any claim during the year get discounts on the premium for the following year. It increases with every consecutive no-claim year to a maximum of 50% for five claim-free years. But with this add-on, your No Claim Bonus (NCB) remains intact even if you raise a claim during the policy period. It contributes to long-term savings while providing continued coverage for your premium vehicle.
Explore add-ons for your car insurance
How to Buy Bugatti Veyron Car Insurance Online?
To get or renew auto insurance for your Bugatti Veyron, follow the steps below:
- Step 1: Head over to the official site of Policybazaar Insurance Brokers Pvt Ltd. Once you are on the homepage, where you get multiple insurance options, click the 'Car Insurance' icon.
- Step 2: A new page will ask you to enter your vehicle's registration number and confirm your name and phone number. Once you fill in the details, a new page opens where you will find quotes from multiple insurers.
- Step 3: Select the insurance policy that best meets your Bugatti Veyron coverage needs. You can also explore the appropriate add-ons for your car.
- Step 4: Once you have decided which policy to purchase, you can make the final payment for the selected Bugatti Veyron insurance policy. You can pay online through UPI, cards, or internet banking. The policy documentation will be emailed to you.
Note: If you have a brand-new Veyron, you can choose' Brand New Car' instead of entering your car's details in Step 2. You will be taken to a new page to select the 'car brand' (Bugatti), followed by the 'car model' (Veyron), 'car fuel', and 'car variant' options. Choose the right options, and you will get the insurance quotes.
FAQs
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Q1. Is it necessary to buy third-party insurance for a Bugatti Veyron?
Ans: Yes. Third-party insurance is mandatory under Indian law not only for the Bugatti Veyron but also for all vehicles. It is better to buy this policy for at least three years for new and luxury cars. It covers third-party property damage or injury costs and acts as a legal compliance. -
Q2. Can I get a cashless claim settlement for the Bugatti Veyron in India?
Ans: Cashless claims are possible in select cases only. The reimbursement claims are more common in India because Bugatti Veyron service centres do not exist here. The repairs usually happen through imported parts or overseas facilities. In such cases, cashless claims are complex unless your insurer has global tie-ups, and you may need to pay upfront and claim reimbursement. -
Q3. Can I transfer my current car insurance policy to a new Bugatti Veyron policy from a different insurer?
Ans: Yes. You can transfer your current policy to a new Bugatti Veyron policy from a different insurer. You must provide the necessary documents, such as a new registration certificate, old policy, inspection report, and the former owner's NOC. Please contact your new insurer for any additional requirements. -
Q4. Does insurance cover the international transport of the Bugatti Veyron for repairs or service?
Ans: Comprehensive policies don't automatically cover the international transport of the Bugatti Veyron for repairs or service. You would need a specialised global coverage add-on or a marine transit policy to cover these costs abroad. It is recommended for ultra-luxury vehicles like the Veyron that may require servicing outside India.
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Read more#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.