Yet another insurance thread

Ok, so having got the MX5 back on the road, the story continues with the
other cage. The repair co. originally had been given the go-ahead to do
the work from the assessor, some two months ago. Long story short,
they've now decided it's a total loss after all, and I'm still waiting
for their offer.

In the meantime, they've written to me and told me that the policy I had
is now cancelled, null and void. (eg can't use it for CIHAGM). IIRC,
this policy had at least 6 months left to run. When I queried it, they
told me that I _may_ get a reduction in the premium if replace the car
and insure through them, but not guaranteed.

Is this usual?

 

Yup, it's fairly normal for a policy to be ended if the vehicle it
covers is a write-off. If you look through the small print it wil be
in there somewhere.

 

Yes, it is universal, I believe. They won't won't pay claims until all
the premium has been paid too which can irritate those paying by
instalments.

 

I was insured with eBike when my 125 was nicked. They paid out as
soon as we'd agreed a figure (I agreed to their first offer, which was
£50 less than I'd bought it for), then 3 months later after I'd passed
my DAS, they transferred the remaining couple of months of the policy
onto the Bandit for no extra charge.

Muchos impressed I was.

 

It is if they write the vehicle off Simon. A ****'s trick, but a common
****'s trick and "they all do that sir". They "did" that with my bike until
I pointed out to them that for the bike to have been written off, it
would've needed an inspection which it never had and even if it had, a
broken mirror would hardly constitute a write off even in these expensive
days.

They re-instated my policy and gave me a discount on the renewal.

Incompetent? Just a bit.

--
Beav

VN 750
Zed 1000
OMF# 19

 

Back in the day when I was an ins broker, it was pretty much typical
for the cheaper, Lloyds syndicate type policies to do this, whereas the
larger inscos didn't.

--
Dan L

Too much time to think, too little to do.


http://thebikeshed.spaces.live.com/

2002 Triumph Sprint RS 955i (It's big, and it's black)
1996 Kawasaki ZR1100 Zephyr (Gone, but not forgotten)

BOTAFOT #140 (KotL 2005/6/7/8)
X-FOT#000
DIAABTCOD #26
BOMB#18 (slow)
OMF#11

 

There are certainly exceptions. My Thunderace was insured with Equity
Red Star via DirectChoice. Not only was the settlement for the
write-off prompt and fair but the policy (with about 7 months to run)
continued and, with a bit of extra dosh, has now been transferred to
the new bike. I was paying a bit extra for NCD protection and that's
applicable to the new bike as well. I think that's good.

 

They did that when I wrote the 9R off.

Strangely Direct Line didn't when I wrote the Porsche off, I changed
the policy to the BMW and they sent me a refund as the BMWs a lower
group.