In this section we’ll describe our offerings for exotic automobiles. Vehicles such as Ferrari, Rolls-Royce, Lamborghini, Bentley, Bugatti, Maybach, etc… We cover all exotics regardless of age or mileage. Our two offerings are Factory Exotic Coverage and Exotic Coverage.
Factory Exotic Coverage is just like it sounds — a warranty that covers your automobile similar to when the exotic was purchased brand new. It also features unlimited mileage something that most factory warranties won’t give. This is an “exclusionary” policy, which in laymans terms means a policy where we tell you what isn’t covered, and everything else is. As you can imagine, this is the best type of coverage money can buy. From our current coverage policy, here is the wording of what is covered:
Factory Exotic Coverage covers the reasonable cost to remedy any operating mechanical or electrical failure of the vehicle, for the time indicated on the contract application, except as specified as excluded, subject to the provisions, terms and conditions of this contract.
As you can clearly see, coverage of any operating mechanical or electrical failure essentially mimics the factory warranty. Standard exclusions such as fabric convertible tops, brake pads, tires, etc., do apply.
In addition to the Factory Coverage being the best coverage available, you can customize your coverage with coverage up to ten years from the time of purchase, and three deductible choices starting at $100, $250, and $500.
- Unlimited Mileage
- Factory style coverage
- Minimal exclusions
- $100, $250 and $500 deductible choices
- Freedom to get repairs done anywhere (from factory dealers to local specialized mechanics)
- QuickClaims service and Online Claim filing
- Backed by a nationally recognized underwriter
- Accessory packages available to cover wear, leather, and pre-paid maintenance
- Long or short contracts, from 1 year to 10 years of coverage
Exotic Coverage is a fantastic alternative to Factory Exotic Coverage. It is an “inclusionary policy”, which means we list all of the components covered. Covered components include items from the engine, transmission, front wheel drive, rear wheel drive, fuel system, electronics, cooling, etc.. We like to say that it coveres the “mission critical” components, and then some. It features unlimited mileage just like Factory Exotic Coverage. As expected, you have the same deductible choices of $100, $250 and $500.
- Unlimited Mileage
- Major component coverage
- $100, $250 and $500 deductible choices
- Freedom to get repairs done anywhere (from factory dealers to local specialized mechanics)
- QuickClaims service and Online Claim filing
- Backed by a nationally recognized underwriter
- Accessory packages available to cover wear, leather, and pre-paid maintenance
- Long or short contracts, from 1 year to 10 years of coverage
In order to qualify for Exotic Coverage your exotic must be:
- Driveable. Any age and mileage is guaranteed coverage.
- Accessory Package: Wear & Tear Coverage
Most warranty companies wont pay for parts that have simply “worn out”. As you can imagine, the description of a part being worn out is pretty broad. Genuine Warranty was one of the first companies to offer Wear & Tear coverage as an optional surcharge. We wanted our customers to decide if they wanted this coverage, and if they did, allow it to be purchased.