You will most likely pay more for exotic car insurance than you will for regular car insurance.

Insurance for exotic car rental business. As more and more people find interest in driving the most expensive cars out there it can be fun and exciting to have a business in the exotic car industry. Yet very few carriers insure the ultra-exotics such as Lamborghinis and Ferraris. The X5 is BMWs luxury SUV.

Take the time to go over these articles these people can give you a lot of insights as to what you may be getting into and what you can expect. Youll need more than the general liability insurance and workers compensation insurance thats required of nearly every business. Install GPS tracker on all vehicles and have your clients make security deposits.

Meet The Bugatti-Driving 29-Year-Old Making 500000 A Month. Common customers include business and leisure travelers those whose vehicles are out of commission and businesses. If thats the case youll have some options prior to.

Operators say insurance considerations are the one of the biggest hindrances to entering the exotic car rental business. Your exotic car is an investment and our brokers will treat it as such. In conclusion setting up an Exotic car rental service can be fun when it is done with a lot of dedication.

If accepted the PAI contained in the policy provides renter and renters passengers with accidental death accident medical expenses and ambulance expense benefits. Personal Accident Insurance Personal Effects Coverage PAIPEC is offered at the time of rental for an additional daily charge. The biggest barrier to entry in the exotic car rental business is the insurance aspect of the business.

How can I save on exotic car insurance. Note that insurance is one of the biggest challenges in this business and insurance consideration is sometimes a big problem. All sorts of different parties are interested in car rentals.