Sat Feb 04, 2006 11:24 am
we're going off the original topic a little here.
Steve is correct, to use the "Driving other cars" extension on a fully comp policy, the other vehicle you borrow or whatever and drive on your own cover has to be insured by the owner/ keeper in the first place. Otherwise this would be the most abused loophole, you could insure an 850cc mini fully comp and then have a Porsche 911 on the drive in the wife's name and drive it around third party for nothing, yeah like inusurers would let that happen!
Simon, worth trying to locate an insurance company called Quinn Direct, they are an Irish insurer who have recently started underwriting policies in England & Wales, as with many insurers new to a market, they have bottom dollar rates in order to attract new business and they have a few companies running scared. Your renewal will probably increase dramaticlly, but it gets you on the road at least. Also Easymoney (old stelios is at it again) have just stared doing insurance and there is a no-frills element to this, so if you want legal cover and any other bollocks then you have to add it on.
The Admiral group which comprises of Elephant, Bell Direct, Diamond and of course Admiral are OK, but as Sal pointed out a while ago, if you have a write off claim 2 months into your policy and they pay out, that's your policy done and you have to start over again, after of course you have paid up all your outstanding instalments.
Simon, with the potential cost of the repairs to this bloke's audi, it will almost equal the extra you are going to pay by losing the NCD if you think about it. Example, it costs Ԛ£800 to repair his audi and you reimburse your/his insurers and get your NCD down, is this about the same as your increase without the NCD and no matter what happens, you have to disclose the accidents and will get twatted by insurers NCD or no NCD.
Protecting NCD is a bit of a loss leader in my opinion. All NCD does is give you a % reduction from the gross premium, so if they load up the gross premium in the first place your premium still goes up after having an accident with maximum protecteed NCD. It's a false sense of security which insurers generally charge you Ԛ£60+ per year to protect.
silly boy.