Insurance questions (need suggestions)

[A Van]

I am talking to a well known insurance company about putting together a bespoke policy for club members.. with hopefully cheapest price.

They have asked the question of what would members like included in the policy?

European breakdown?
Salvage rights?
Agreed valuation?

Suggestions please

[MikeWard]

Deffo salvage retention and agreed value.

Personally, I have no plans to take mine outside of the UK so just UK breakdown would be fine for me.

[arranj]

We currently get a club discount with a number of insurers, including some online ones where you select that you're a member of us in a drop down box - I think the most important thing is going to be price
Other than what's already been mentioned I know some would like to have some kind of hire/wedding cover either included in some way or as a fixed price "per event" extra.

[mec]

i reckon European breakdown would be good as technically Ireland (republic) is Europe now and if we do some trips to eds in Holland or Raphs or Franks in Switzerland it might be handy

[A Van]

Hire cover is a good one

[jamesrguk]

My priorities for a policy are: (in order of importance)
- Underwritten by a decent underwriter
- Legal cover included
- Agreed valuation included
- Buy back option (only applies to some categories of write off anyway)
- Not penalised for minor modifications SS Exhaust etc...
- Price

As for breakdown cover I (like many I suspect) have separate breakdown cover with a 3rd party which covers all my cars, presumably an insurance based one would only apply to the car on the policy so if it effects the premium I would effectively be paying twice.

[mec]

Thats true James, thinking about it I'm with the AA too so it wouldn't be needed i guess

[Admin-bloke]

My priorities for a policy are: (in order of importance)
- Underwritten by a decent underwriter
- Legal cover included
- Agreed valuation included
- Buy back option (only applies to some categories of write off anyway)
- Not penalised for minor modifications SS Exhaust etc...
- Price

As for breakdown cover I (like many I suspect) have separate breakdown cover with a 3rd party which covers all my cars, presumably an insurance based one would only apply to the car on the policy so if it effects the premium I would effectively be paying twice.

As James said ^^^^^^^^
Plus Windscreen cover (as some are excluding this now! )
Plus event coverage such as the car being at car shows etc.
Realistic mileage allowance. .

As a note, for those taking the D to Euro Fest, it might be worthwhile checking that your insurance covers driving it around the test track etc. ..

[Darren C]

All of the above.

Definitely salvage rights. (especially if you get a poor payout) you always get the car back.

I have been speaking to RH underwriters recently regarding windscreen cover on classic cars for a very high end car club..
The issue here is - the diminishing skills base with classic car windscreen fitment and the high cost of trims and seals that are required to fit the screen- not the glass itself
Most underwriters including equity red star and Lloyds of London have "deals" with national windscreen companies such as Autoglass. It is these National companies who are declining classic car windscreen replacement. NOT the insurer.
I have been very vocal with the underwriters mentioned above and I'm currently trying to get them to come to a compromise by allowing owners to use "specialist Marque" classic restorers or specialist companies to replace your screen.
The net result so far is that they appear receptive as I have opened a can of worms and stirred things up on my own multicar policy when all the named approved windscreen repairers refused to replace the screen in my 914 and I had to buy the parts and do it myself when I clearly had windscreen cover on my comprehensive policy and the insurer couldn't honour it. All sorts of legal claims could therefore ensue.
In the end I have convinced Equity & Lloyds that the market place has changed and they need to keep up. The result will be a freedom of the owner to choose who they want to use to change their screen. If it's NOT one of the insurers "approved nationals" then the excess will unfortunately increase on a screen claim. They will NOT however cover any trim clips, decorative moldings, specialist sealants or windscreen rubbers, only the cost of the glass and labour less the excess.
One BIG issue with the namby pamby elf and safety National companies is that their "Policy" is to only install windscreens to the current legal safety requirements. Basically bonded in. So for example if the glass is held in a rubber (as it may have been done for 50 years) they will refuse to install it that way as it no longer meets safety standards (may pop out when airbag goes off or occupant of car hits it if not wearing a seatbelt.....even if the car was made long before Airbags or seatbelts were invented !). This is particularly frustrating as you cannot judge what was done yesterday by todays rules. My personal opinion is that its easier and quicker to train monkeys to squeeze a mastic gun and pay them peanuts, than fit a windscreen using rubber seals and draw strings. Therefore you get more screens fitted per hour and training costs and skill base is low, while profits are high



Nick, I don't know any insurer that will cover "test track, or track day" without having a hissy fit

[A Van]

I claimed for a new windscreen last year as a truck shed its stones due to not having a sheet over them on M25... I think about 20 cars were affected, Police involved etc.

I told them who I wanted to fix it and they approved the quote from Chris.

It hasn't been done yet though!