write off and insurance, what happens
12 January 2011, 02:19 PM
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write off and insurance, what happens
What happens if you have an "un economic repair cost" you can get paid out (less any excess) . Does your insurance remain in place i.e. your two months into a years cover , does it carry on/over to a replacement car, or do you lose it. This is full comp. No other parties involved.
Last edited by Ray T; 12 January 2011 at 02:23 PM. Reason: extra info
12 January 2011, 02:24 PM
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What happens if you have an "un economic repair cost" you can get paid out (less any excess) . Does your insurance remain in place i.e. your two months into a years cover , does it carry on/over to a replacement car, or do you lose it. This is full comp. No other parties involved.
12 January 2011, 02:40 PM
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The policy is still in force. You might have to pay an admin fee or if you want to swap for another car that attracts a higher premium the difference in the cost of cover.
5t.
5t.
30 January 2011, 08:35 PM
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I pay the year up front so I'd expect them to honour my policy for the full term regardless of whether they had to pay out. Especially if I'd only just started the policy otherwise I would be over £1300 out of pocket between the cost of insurance and excess.
Admiral who I'm currently with don't charge to change your car on the policy, done it a couple of time now. Would be good to hear from one of the insurance reps on here, Gary from Keith Michaels in particular since my new policy is with them.
Admiral who I'm currently with don't charge to change your car on the policy, done it a couple of time now. Would be good to hear from one of the insurance reps on here, Gary from Keith Michaels in particular since my new policy is with them.
30 January 2011, 09:28 PM
#6
90% of companies will allow you to swap onto a new vehicle on the annual policy you've already paid for.
They'll charge more for a higher rated car, but you won't get a refund going to a lower rated car.
There are a couple of companies who'll cancel the policy though if you have the car written off.
They'll charge more for a higher rated car, but you won't get a refund going to a lower rated car.
There are a couple of companies who'll cancel the policy though if you have the car written off.
30 January 2011, 11:13 PM
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What's the deal with my new policy then? You put it through with Amlin? Do they cancel the policy or run to the end of the term?
This isn't relevant but I thought I'd heard of Amlin when you mentioned them. I used to manage their databases and servers through a 'lloyds of london' tech supplier. The other company you mentioned that we didn't go for 'Highways' I also know well, my partners an underwriter for their parent company. Small world in the insurance industry
This isn't relevant but I thought I'd heard of Amlin when you mentioned them. I used to manage their databases and servers through a 'lloyds of london' tech supplier. The other company you mentioned that we didn't go for 'Highways' I also know well, my partners an underwriter for their parent company. Small world in the insurance industry
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