MoneywebDrive: Consumer-Driven
Insuring a high-cost
performance car
Since a large portion of your car
insurance premium goes towards
funding accident-related damages,
the less time your car spends on the
road the lower the risk of accident
and the lower your premiums will be.
A R35 million Bugatti Veyron, expected in South Africa this year,
will likely be uninsurable.
there’s no appetite in the reinsurance market for this risk, making
it effectively uninsurable.
“The exposure is