Maserati Car Insurance Terms to Know

July 6th, 2022 by

Maserati car insurance

Maserati is a luxury car brand that represents prestige, opulence, and high-end driving performance. Owning a Maserati is not only a privilege, but it is a responsibility, as the vehicle is an investment that must be protected against damage and theft. This is where Maserati car insurance enters the picture.

Maserati Insurance Cost

First off, it is important to understand that, due to its value, Maserati insurance will cost you more than a standard vehicle. Of course, your insurance rate will depend on a variety of different factors, including your driving history.

Your car insurance agent may be able to help you find discounts by bundling together policies or opting for a higher deductible.

Insurance Options

When you’re going through the Maserati insurance options at our Omaha Maserati dealership, you’ll likely come across these terms:

Actual Cash Value

Most auto insurance policies typically use the actual cash value to determine the payout amount in the scenario of total loss. In the event of an insurance payout, the driver has to accept whatever settlement amount the agency deems the car is worth. If you disagree with the amount, your only option is to seek legal action.

Stated Value

With a stated value insurance policy, the insured advises the agency how much their car is worth.

Agreed Value

Most owners of exotic or luxury cars like Maserati cars choose this type of policy so that they take a smaller loss on their investment. With this coverage, the value of your vehicle is determined at the time the policy is drawn up and is agreed on by the insurer and the insured.

Learn more about Maserati car insurance here at Maserati of Omaha.

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