Typically, sports car insurance have these coverages:

• Collision Coverage: covers damage due to impact with other vehicles, stationary objects, etc
• Comprehensive Coverage: covers damages to your property from unforeseen sources, such as theft, floods, fire or debris on the road
• Personal Injury Protection / Medical Payments Insurance: covers the cost of medical expenses for you and your passengers, regardless of who is found to be at fault.
• Guaranteed Agreed Sum Insured Value: Covers the agreed insured value if your sports car is totalled
• Valet coverage extension: Covers loss of damage as a result of an accident being handled by a valet parking service.
• Other add-on coverages

Contact us to ensure you get the best coverage for your sports car.

requires confirmation from the client/further input required from the client.

Insurance excess is the defined amount that you, the client, agree to pay towards any claim you make.

For example, if you’ve had to make a repair claim which costs $2000 and your insurance excess is $600, you’ll be required to pay the $600 out of your pocket before the insurance company steps in to pay the remaining $1400.

Excess helps reduce the number of small claims made to insurers, which will help insurers keep the premiums affordable for you.

If the cost of your repairs is less than your insurance excess, then you won’t be able to make a claim to your insurer.

Supercars are sometimes also known as Exotic cars, High End Cars, and Sports Cars.

The definition differs for each consumer, depending on their standard. But in general, these are cars that are superior in performance and with tougher build materials. They often have advanced technology, and sleek design which gives them an unparalleled elegance.

Luxury brands such as Mercedes have started their foray into this segment with AMG, BMW with M, and Audi with RS. And at the top, we have brands such as Porsche, Ferrari, Lamborghini, Aston Martin, Maserati, McLaren, Bentley, and Rolls Royce. Many of these cars have been made more desirable from their appearances in action movies.

Car insurance prices are usually correlated with the price of the vehicle and sometimes it could be higher than expected. There are a few reasons for that:

• The price of the vehicle is high, often costing more than half a million dollars, and sometimes even above a million dollars.
• The vehicle would be expensive to repair as it might require original parts which have to be specially imported from the manufacturer.
• Some of the rarer models do not depreciate as much in value due to their rarity, and some even appreciate in value.
• These high-performance cars are perceived to attract a younger clientele who have a tendency towards speed and risk-taking. Traditionally, they are categorised as “High-Risk drivers”.

There are a few misconceptions about these cars and their owners that we would like to highlight. Contrary to misconceptions, these owners are not “High Risk”.

• Many own multiple cars, and this Supercar is perhaps the one they drive sparingly on weekends. Thus, the mileage on these cars is lower.
• Many of them are appreciative of cars and are very protective of their cars, taking good care of them, and driving them with care.
• Infrastructure and technology to repair these cars are widely available now, and global trade has made the import of parts accessible.

g&m is a specialist in Supercar insurance and is the top broker in town for this. We work with a large suite of insurers to ensure a comprehensive solution for not just your vehicles’ needs, but also for your lifestyle.

• Competitive pricing from knowledge of the market, and also scale from market share
• Bulk pricing discount for insuring multiple cars
• Fixed sum insured to protect you from the exact amount that you paid for the car
• Exclusive benefits such as Track Insurance
• Add-ons to cover your lifestyle such as Travel, Life, Health, Art, Watches and Jewellery

As an experienced broker in this segment, we understand the needs of you, the client. Speak to us today for a comprehensive policy crafted exclusively for your needs, with the most competitive prices you’ll come across.