Bleedin Bennetts..

Of course. I wasnt saying TP is related to the cost of the vehicle.

Personally ive given up on understanding insurance companies logic. As you say, TP only it doesnt matter what your vehicle is worth as they are never going to pay out on it, and they only care about the vehicle you may run into. So, in that case, why did Bennetts want £60 for me to insure my R1 on its own 3rd party, and £320 for adding a 996 to the policy. Both are TP only, both vehicles are same age, worth the same (although that dont matter when its TP), the Ducati is actually loads slower and so in theory im at less risk of crashing it into anyone than the R1. Surely, if they only cared about what you are likely to crash into, they should have been overjoyed at me wanting to insure a 996 on top of my R1 and reduced my premium to reflect the lower risk, or at the very least kept it the same?

Ive had the same thing with car insurance quotes. When I was driving my 313hp Nissan 350z, I wanted to buy a cheap old diesel banger car to use over winter to reduce the risk of having an accident in my 350z and to save mileage. Now again, you`d have thought insurance companies would have lept at this, as the risk to them would be drastically reduced. However, the insurance quotes they came out with were horrendous and made it not financially viable for me to buy a £500 old banger so I ended up struggling about in the snow in a 313hp RWD car.

 

"I ended up struggling about in the snow in a 313hp RWD car." That must have been FUN !

 

I was bad enough in the dry in a M3.
if I had to use that in the snow I think I'd rather have walked.
it was awesome

 

I used to have a multi bike policy with an Aprilia Tuono Factory, MV Agusta F4 and a Lambretta GP on it. It was quite reasonable (about £300) until I sold the Tuono and replaced it with the 1098s. The policy jumped up by about £1000. From that point on, I've insured my bike on individual policies. I earn NCD on all individual policies and don't get any nasty surprises when changing bikes.

 

That is clearly a scam, and the very reason why people are calling for insurance companies to be regulated.

 

Especially when I live at the top of a hill. The traction control lights were flashing like a disco. In the end I had to book holiday from work as it just wasn't safe.

 

Whatever it was Fig, they didn't get a penny from me. I did lose the 6 months NCD I accrued on the policy by cancelling it. But I find I have much more choice now by not being tied to a multi bike policy.

 

Following a long drawn out struggle to get my bike back, then fixed, I had a claims company try to sue me for loss of revenue because I hadn't let them 'handle' my claim .... I'd never heard of them until they called and said (10 weeks after the accident!) they'd been appointed by my insurance company to finalise things (anything to do with '1st Quote', don't touch it - scam from start to finish). I asked them for their solicitors contact details and I'd send them a bill for the work I'd done in recovering and repairing the bike myself. Not surprisingly, they stopped calling!

 

I had a claims handling company try to get involved when our Roadster got damaged - all they did was slow things down and over-complicate matters. Told them to sod off and stop getting involved in the end. Never heard of one threatening to sue if you don't use them, that's a new one ! Maybe lots of people are realising that they are a bunch of freeloading wasters and they are starting to loose money - I hope so...

 

Well, that shocked me ..... Swinton matched my Bennetts fully comp policy, including mileage, NCB protection, pillion cover etc. and threw in 3 months home start & onwards recovery (£4.49 pm afterwards).... all for just £68 ...... I have to assume they're trying to build up a customer base of oldies ..... Not surprisingly, Bennetts refused to discuss matching Swintons offer.

Just got to call into bank to make sure Bennetts don't still try to take the renewal payment now!

 

If they are they are going the right way about it!

 

Small footnote - documents including cert of insurance arrived today from Swinton, and on 'exclusions' it stated travel/commuting to/from place of work ..... gave them a call and added it for an extra £7 ... not a biggy, but would've been a show stopper had I not checked and had a bump on the way to work. Still a lot cheaper than anyone else was offering .....

 

Further to post #54 - it's worth knowing that if your travel to and from work involves going to more than one place - ie you travel from home to workplace A, then to workplace B, then back home - your normal "social, domestic and pleasure, including commuting" does not cover you; you need to have business use included. Again, it doesn't usually cost much to add, but it can be a massive bonus when you actually need it...

 

Swinton, who have been great for the past few years, have just told me that I can't get insured with any of their underwriters due to the non road legal exhaust and that a change of subframe (planned) would have the same result. Not only that but they need to investigate that my current insurance is valid (despite full disclosure by me at all times).

Bloody sick of this. Every year it's a trial.

So who's good this year for declared Termis?


Edit: Groupama are cancelling my current policy. Marvellous.

 

Must update this in the interests of fairness. Swinton did get someone more senior/knowledgeable on the case and sorted it with the insurers, throwing in a discount for the hassle & stress.

 

you obviously did not realise that should that bike be bought before your policy runs out you are still legally the insured and are therefore liable to anything the new owner does insurance wise. If for instance he barreled into a school playground killing 10 kids your the one who'll be paying the compensation. I kid you not, amazingly that's the law.

 

As Captain Mannering would say, " your entering the realms of fantasy"....... The insurance would be void if I were no longer the legal owner, never mind the not being the rider! They void insurance policies at the drop of a hat, I doubt anyone could prove the insurer liable. The policy exists under my ownership and information supplied.

 

I think White Dalton answered a similar question in Fast Bikes. From memory the owner sold his bike to someone who did not insure it but kept his policy running as it only had a couple of months left. The new owner was then involved in an accident and because the sellers policy was the only one then yes they were liable. The insurance company then claimed the costs back off the seller which were over £100k.