Insurance for Exotic Car Rentals

Insurance for exotic car rentals can be for both personal and commercial use. For businesses, it can cover their operations and protect them from liability and devastating financial loss. It can also cover physical damage to the rented vehicle. For people who want to rent an exotic car, it can cover them if they are at fault for third-party bodily injury or third-party property damage.

It’s best to carry customized liability insurance to protect businesses or individuals from legal action taken by clients or third parties. Liability insurance can help to cover the costs of legal defense and any settlements or judgments that may result from such a claim.

Furthermore, if your client in has been denied, canceled, or non-renewed by another insurance company, Prime can step in to offer insurance. When others can’t or won’t provide coverage, we do our best to provide a solution.

Your client should want to ensure that their customers are safe and well-protected while using the vehicles in their fleet. However, there’s more than just the driver’s safety at stake–your clients also need to consider how to protect themselves from lawsuits and other types of liability.

You may be asking yourself why this is such a big deal when it comes to insurance policies for exotic car rental businesses? After all, isn’t liability coverage included as part of most standard business policies? The answer is no: standard commercial liability or commercial auto insurance policies do not offer adequate protection for exotic car rentals! In fact, even if one of these cars gets hit by another vehicle on the road during normal driving conditions (like a fender bender), it could still result in significant losses due to high repair costs associated with fixing custom or high-end parts used inside these vehicles’ engines or chassis structures!

Your clients might have a policy that they think provides the coverage they need. However, when a claim arises, they soon find out they aren’t covered. The truth is a lot of insurance companies have gaps and exclusions in their policies that will likely not cover an exotic car rental. However, Prime writes customized insurance policies based on the insured’s needs so they can operate their business with peace of mind.

The following are some specific risks that may be unique to exotic car rental businesses:

• Theft of the vehicle or property inside it
• Injury to passengers in the vehicle (e.g., if someone is hurt when a driver loses control)
• Damage to other vehicles or property due to accidents involving your cars (e.g., if another driver hits one of your cars while parked)
• And more

Please note that we do not accept submissions more than 30 days from expiration. When needed, we can provide same-day quotes and proof of coverage, you just need to complete the Insured Underwriting Call and pay the premium to get it done! To finalize pricing we require a phone call with the owner/applicant. Get started with your exotic car rental insurance quote today by clicking the “Get a Quote!” button above.

There are many reasons why you should choose Prime as your insurance partner but here are some highlights: 

Partnership Approach

At Prime, we build trusted relationships and want all parties to be involved. We arrange a phone call with every potential insured to provide fast, flexible underwriting for every client. From our underwriters to our legal team, the insured, and the producers — at Prime, everyone is considered a partner and our processes are designed for the mutual benefit of all parties involved.

“A” Rated Carrier With 40+ Years of Experience

The strength and stability of Prime have led us to over 40 years of experience in the insurance industry. Insurance for exotic car rentals is our expertise!

In-House Teams

We have it all under one roof – underwriting, legal, risk management, policy services, etc. You will have direct access to our staff and services, ready to assist you! We even have an in-house claims hotline if an incident or claim occurs, available 24/7. Prime can write up to $10 million in-house.

Extraordinary Claims Results

We pride ourselves on our ability to handle claims in-house and effectively. Prime’s team of attorneys and adjusters are here to assist you every step of the way. Unlike most insurance companies, Prime fights frivolous lawsuits. We will be by your side every step of the way!

Prime can help your clients even if they’ve been canceled or denied insurance in the past or have a claims history. We can insure exotic car rental businesses all across the country! Whether your client needs a brand new policy or if they have gaps and exclusions in their current policy, we can write a customized insurance policy to fit their needs. 

Prime has over 40 years of experience, making us one of the best insurance companies for the exotic car rental industry. Many insurance companies are turning away individuals and businesses that are deemed too risky, or, they could be leaving gaps/exclusions in policies that leave the policyholder exposed. Prime takes a more hands-on approach to learn about you, your client, and their needs so we can write a policy that ensures maximum protection.

Prime Insurance Company is an excess and surplus (E&S) lines insurance company, specializing in property and casualty insurance for non-standard, specialty risks. Prime currently produces in excess of $400 million gross premiums annually. The company writes E&S business in all 50 states and has an “A” (Excellent) rating by A.M. Best*. Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc.**

Prime delivers coordinated services by integrating expert underwriting, policyholder services, policy accounting, premium financing, risk management, state tax payments, claims administration, and self-insured support program services all under one roof.

*see www.ambest.com for latest ratings
**The most current Financial Stability Rating^® must be verified by visiting www.demotech.com.