Ferrari Australasia has launched Ferrari Insurance, the first of its kind globally.
The new Ferrari Insurance product was introduced at a launch event with clients, coinciding with the opening of the Formula 1 Australian Grand Prix 2024 in Melbourne.
It provides a vehicle cover designed to complement the distinctive requirements of Ferrari drivers.
Until now, Ferrari owners have relied upon third-party insurers to protect their passion.
However, the brand says the generic nature of these policies only partially accommodates important aspects of Ferrari ownership.
It says that Ferrari Insurance brings together many features that no other insurance solution can offer.
Headlining the benefits is insurance coverage of up to $200,000 for track activity at events hosted by Ferrari Australasia and the Ferrari authorised dealer network. This gives owners the unique luxury of putting their Ferrari through its paces, knowing that Ferrari Insurance is extended for the ride.
The Ferrari Insurance product also allows Ferrari drivers to fine-tune their annual kilometre usage, from precise cover for regularly driven vehicles to as little as 100 kilometres of road use per year for those precious cars only driven on special occasions. The bespoke cover is also available for stored vehicles waiting to return to the road.
Other distinctive benefits of the Ferrari Insurance product include a four-year new-for-old replacement policy, unlimited excess-free windscreen replacements and flexible agreed value cover that recognises the actual market value of each Ferrari, including instances where a vehicle’s worth has appreciated above its retail price.
The Ferrari Insurance product offers an advantage for clients with a passion for Ferrari that goes well beyond the scope of ordinary motor vehicle insurance. In recognition of the significant value of many Ferrari vehicles and collections, Ferrari Insurance can provide coverage of up to $50m.
Much like a genuine accessory for a new Ferrari, coverage with Ferrari Insurance is a logical extension of Australian Ferrari drivers’ close relationship with the marque.
Ferrari Australasia says it is committed to supporting the dedicated community of Ferrari drivers in this region.
“With the introduction of Ferrari Insurance, our clients have nothing to stop them from bringing their Ferrari vehicles out to enjoy the open road with complete peace of mind.”
Ferrari Insurance policies are available for owners of new and existing Ferrari motor vehicles in the region starting on March 25, 2024.
Clients are invited to speak to their authorised Ferrari dealer for more information or call Ferrari Insurance at 1300 458 488.
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