Tata AIG now offers insurance coverage to Vintage & Supercars

GTO · 24th November 2010, 15:54

High Points

- Tata AIG rolls out its Car Insurance Portfolio for High Value cars.

- Private Client Group, a specialized division of Tata AIG, has been set up to deal with HNIs.

- This specialized Car Insurance provides benefits such as Bespoke Protection for Premium and Collector Car, Vintage Car Protection and High Value Car Replacement in case of any damage.

- Private Client Group takes into consideration client preferences for the manner in which they would like their prized cars handled in the event of loss, damage or theft.

Link to more information

Ricky_63 · 25th November 2010, 21:26

This sounds good. Have you spoken to them on this offer. Would they actually insure classics & vintage cars for their "real value"

If they offer this service I know enough friends who will insure the vintages / classics/ new cars as a block.

Thanks for the link

Cheers

GTO · 26th November 2010, 12:07

Quote:

Have you spoken to them on this offer. Would they actually insure classics & vintage cars for their "real value"

Ricky, nope have not spoken to them. This press release was received by us. Would be great if other vintage / supercar owners speak of how they go about their insurance, and if anyone has experience with Tata AIG.

Ricky_63 · 3rd December 2010, 21:13

All the Vintage & Classic car owners that I know, around 50 cars & counting, have all got 3rd party insurance.

Infact the W124 that I have came with a comprehensive insurance cover valid till Jan 2011, but the company is not ready to insure it now. Though it is FAR BETTER shape & condition than it was when I bought it.

Insuring Supercars is not a problem. The value being astronomical, the company is happy to charge lacs of Rupees in premium. Having said that how many super cars are actually driven on a day to day basis ? They mostly sit in garages in farm houses...

Cheers

mbz180 · 6th March 2011, 17:54

Hello,

I want to insure my classic, but my Tata AIG agent says that I need to be a certified member of the VCCCI. Is this true?

MileCruncher · 6th March 2011, 20:55

As much as I know most classic/vintage cars on company name get insured as specialised movable assets like machinery in plants and not as vehicles. This helps in reduced depreciation and sometimes even appreciation in IDV basedon their value in the balance sheet.

24th November 2010, 15:54	#1
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,534 Thanked: 300,734 Times View My Garage	Tata AIG now offers insurance coverage to Vintage & Supercars High Points - Tata AIG rolls out its Car Insurance Portfolio for High Value cars. - Private Client Group, a specialized division of Tata AIG, has been set up to deal with HNIs. - This specialized Car Insurance provides benefits such as Bespoke Protection for Premium and Collector Car, Vintage Car Protection and High Value Car Replacement in case of any damage. - Private Client Group takes into consideration client preferences for the manner in which they would like their prized cars handled in the event of loss, damage or theft. Link to more information
	() Thanks

25th November 2010, 21:26	#2
Ricky_63 Senior - BHPian Join Date: Dec 2006 Location: Gurgaon Posts: 3,885 Thanked: 518 Times View My Garage	This sounds good. Have you spoken to them on this offer. Would they actually insure classics & vintage cars for their "real value" If they offer this service I know enough friends who will insure the vintages / classics/ new cars as a block. Thanks for the link Cheers
	() Thanks

3rd December 2010, 21:13	#4
Ricky_63 Senior - BHPian Join Date: Dec 2006 Location: Gurgaon Posts: 3,885 Thanked: 518 Times View My Garage	All the Vintage & Classic car owners that I know, around 50 cars & counting, have all got 3rd party insurance. Infact the W124 that I have came with a comprehensive insurance cover valid till Jan 2011, but the company is not ready to insure it now. Though it is FAR BETTER shape & condition than it was when I bought it. Insuring Supercars is not a problem. The value being astronomical, the company is happy to charge lacs of Rupees in premium. Having said that how many super cars are actually driven on a day to day basis ? They mostly sit in garages in farm houses... Cheers
	() Thanks

6th March 2011, 17:54	#5
mbz180 BHPian Join Date: Jan 2010 Location: Kolkata Posts: 893 Thanked: 1,023 Times	Re: Tata AIG now offers insurance coverage to Vintage & Supercars Hello, I want to insure my classic, but my Tata AIG agent says that I need to be a certified member of the VCCCI. Is this true?
	() Thanks

6th March 2011, 20:55	#6
MileCruncher Senior - BHPian Join Date: Jan 2009 Location: MH01 Posts: 4,235 Thanked: 592 Times View My Garage	Re: Tata AIG now offers insurance coverage to Vintage & Supercars As much as I know most classic/vintage cars on company name get insured as specialised movable assets like machinery in plants and not as vehicles. This helps in reduced depreciation and sometimes even appreciation in IDV basedon their value in the balance sheet.
	() Thanks