What is the first thought that comes to mind when you think of a Rolls-Royce car? Elegance and perfection! Be it their design, interiors or exteriors, Rolls-Royce cars are a symbol of pure luxury and perfection in every aspect.
Even though the British automobile manufacturer uses the best-in-class materials in its cars, repairs and replacement of these parts in case of any damages can be an expensive affair. Hence, the smart choice would be to purchase car insurance for your Rolls-Royce car that can help you maintain the car in good condition while also mitigating financial expenses. Before we get into the details of Rolls-Royce car insurance plans, let’s look at the different Rolls-Royce models available in India.
Here is a list of all Rolls-Royce models available in India. You can also check the Rolls-Royce insurance price in India in the table given below-
|Car Insurance Price (CTA)|
₹ 6.95 - 7.95 Crores
₹ 8.99 - 10.48 Crores
₹ 6.95 Crores
Rolls-Royce Rolls Royce Wraith
₹ 6.22 - 7.21 Crores
Rolls-Royce Rolls Royce Dawn
₹ 7.30 - 7.85 Crores
There are two major types of Rolls-Royce car insurance plans you can choose from- Comprehensive car insurance and Third-party car insurance. Let’s know more about each of these car insurance plans.
A third-party car insurance plan covers you for third-party liabilities like injury, death, damage to property, etc. It is mandatory to have a third-party car insurance for your vehicle under the Motor Vehicles Act, 1988.
A comprehensive car insurance covers both third-party damages and own damages. Getting comprehensive car insurance for your Rolls-Royce car is a smart choice, even if you have to pay a marginally higher premium as compared to third-party car insurance, as it offers extensive financial protection.
The following are included under your Rolls-Royce car insurance cover:
● Damages or losses incurred due to natural or man-made calamities
● Third-party liabilities
● Repair and replacement expenses
● Personal accident
● Loss due to theft
● Damages incurred due to accidents
Some aspects that are excluded under your Rolls-Royce car insurance cover are:
● Wear and tear of your Rolls-Royce car
● Electrical or mechanical breakdown
● Damages caused while driving without a valid driver's licence
● Damage caused while driving under the influence of alcohol
● Damage or loss incurred outside the country
● Damage or loss incurred during a war-like situation
● Damage or loss incurred due to malicious activities
You can purchase certain add-on covers and enhance your Rolls-Royce car insurance policy. Some of these add-on covers are:
Covers loss and damage caused to your personal belongings during an accident.
Covers for engine damage caused to your Rolls-Royce car due to lubricating oil leakage or due to water seepage or any such incidents.
Covers costs incurred for the repair or replacement of consumables in your Rolls-Royce car, like engine oil, coolant, brake oil, etc., after an accident.
Offers guaranteed No-Claim Bonus benefits even after two claims in a single policy year.
Covers the expenses in the event of accidental death, injuries, or permanent disabilities, injuries, or accidental death caused to you (the driver) of your insured Rolls-Royce car.
Covers your car's depreciation value for its external parts and takes care of the replacement and repair expenses of all its body parts.
Applying for your Rolls-Royce car insurance online is a very simple process. All you need to do is follow these 4 steps:
Step 1: Visit the official website of a car insurance provider website such as Finserv MARKETS.
Step 2: Click on the car insurance option. Enter your Rolls-Royce car’s registration number and your contact number.
Step 3: Enter your personal details and choose the type of coverage you want.
Step 4: Complete the payment of the insurance premium through any mode of payment. You will have an active car insurance policy for your Rolls-Royce car once you pay the premium.
Here is the 3-step process you must follow to renew your Rolls-Royce car insurance policy:
Step 1: Visit the insurance company’s website. Enter your Rolls-Royce car’s registration number and phone number.
Step 2: Enter your policy details and check your renewal premium.
Step 3: Pay your car insurance premium online through any payment mode and download the copy of your renewed car insurance policy.
There are 2 ways to claim your Rolls-Royce car insurance cover:
The cashless claim facility allows you to get your Rolls-Royce car repaired in case of any accidental damages at any network garage. The repair costs will be paid to the network garage directly by your insurance provider.
Here, you can get your car fixed at your preferred garage at your own expense, and then file a claim with the insurance company for the same. The insurance company will then assess your bills and documents and reimburse the claim amount to your bank amount.
Here is the stepwise process to claim your Rolls-Royce car insurance online:
1. Process for filing cashless claims for your insured Rolls-Royce car
Step 1: Call your insurance provider’s toll-free number or visit their website and register your claim. Share all the details of the incident with them.
Step 2: Take pictures for proof and submit the same.
Step 3: Take your Rolls-Royce car to the network garage and get it examined by the surveyor for damages.
Step 4: The insurance company will accept your claim request based on the report submitted by the surveyor and will directly pay the network garage for the damages.
2. Process for filing reimbursement claims for your insured Rolls-Royce car
Step 1: Inform your insurance company immediately and take your car to any garage.
Step 2: A surveyor will assess the damage to your car.
Step 3: Submit your claim report. Then, the repair process in the garage will begin.
Step 4: Submit the other documents and your repair invoice to the insurance provider to get a reimbursement.
In the case of an accident, the following documents are required to claim your Rolls-Royce car insurance:
● Copy of your car insurance policy
● The vehicle’s registration certificate
● Your driving licence
● Tax receipt
● Filled and signed claim form
● Repair bills and payment receipts
● Vehicle inspection address
● Vehicle repair cost estimate
The following documents are required to process your car insurance claim in the case of theft:
● FIR and final report of police
● Tax receipt
● Original insurance policy document and RC book
● Claim discharge voucher
● Theft declaration from RTO
● Letter of Subrogation
● Form 28, 29, 30, and 35
A car insurance policy for your Rolls-Royce acts as a cushion during a financial crisis in the event of an unfortunate accident. Buying a comprehensive car insurance plan for your Rolls-Royce is a smart choice since it will protect you financially in case of accidents, theft, or loss due to man-made or natural disasters.
So, if you are looking to get car insurance for your Rolls-Royce car, check out the Car Insurance Plans available at Finserv MARKETS now!
The Rolls-Royce car dealer will help you buy car insurance for your new vehicle. However, you can also directly approach any insurance company and buy it yourself online.
The ideal insurance coverage for an expensive car, like a Rolls-Royce, is the one that offers maximum coverage at a lower premium. You can also consider add-on covers to make basic car insurance more robust and exclusive, based on your requirements.
The Rolls-Royce Wraith is the most mileage-efficient Rolls-Royce car.
The Rolls-Royce Phantom is their highest-priced car model.
The Rolls-Royce Wraith is their least expensive car model.