Page 238 - Motor Insurance Ebook IC 72
P. 238
The Insurance Times
costs are likely to be higher. These cars which are
specially designed for high speed are usually driven by
young drivers from affluent families.
The loss severity will be high because of the high speed.
Each case is decided on the individual merits and
acceptance is subject to an excess, exclusion of personal
accident benefits and loading of premium. In some
cases, driving may be restricted to named persons.
If the car is fitted with luxury items e.g. music systems
etc. then there is the additional risk of theft. Before
acceptance full details of the luxury fittings including
the make and model and separate values for each item
are obtained.
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