mr2 insurance

[dazzz]

Surely it then relies on the insurance company to ensure people are being sold the correct insurance.

The insurance companies are fully aware of issues, especially with grey imports, but they seem very quick to take your money then bring up any issues later.

People who buy and run mr2s aren't experts and can only go on what the log book and insurance companies are telling them.

[dazzz]

For example..

If i was to insure my turbo, fully comp, as a Glimited knowing full well it wasn't a glimited, logbook doesn't say glimited, just a simple case of me insuring it incorrectly to get a cheaper price.

Then i went and wrapped up into Mr and Mrs Jones. Wrote their car off and injured them quite badly so they were in hospital.

What would happen regarding insurance??? Would Mr and Mrs Jones be able to claim from / through my insurance comapny?

[Charged]

Surely it then relies on the insurance company to ensure people are being sold the correct insurance.

The insurance companies are fully aware of issues, especially with grey imports, but they seem very quick to take your money then bring up any issues later.

People who buy and run mr2s aren't experts and can only go on what the log book and insurance companies are telling them.

How are the insurers meant to know Dazz? They rely on the combination of the (more often than not inaccurate) info from the DVLA OR the customer to tell them what the car is.. hence why it is down to the customer to make sure their car is insured correctly.

[Charged]

For example..

If i was to insure my turbo, fully comp, as a Glimited knowing full well it wasn't a glimited, logbook doesn't say glimited, just a simple case of me insuring it incorrectly to get a cheaper price.

Then i went and wrapped up into Mr and Mrs Jones. Wrote their car off and injured them quite badly so they were in hospital.

What would happen regarding insurance??? Would Mr and Mrs Jones be able to claim from / through my insurance comapny?

The insurer would pay out for the third party claim and then look to recoup the money back from you as you have fraudulently insured your car.

[dazzz]

For example..

If i was to insure my turbo, fully comp, as a Glimited knowing full well it wasn't a glimited, logbook doesn't say glimited, just a simple case of me insuring it incorrectly to get a cheaper price.

Then i went and wrapped up into Mr and Mrs Jones. Wrote their car off and injured them quite badly so they were in hospital.

What would happen regarding insurance??? Would Mr and Mrs Jones be able to claim from / through my insurance comapny?

The insurer would pay out for the third party claim and then look to recoup the money back from you as you have fraudulently insured your car.

Of course they would...

Exact same example as above but this time i had to the best of my knwoledge insured my car as per log book and infomation from Toyota.

Can you see where this is going? What would insurance company xyz do then?

[nickg07]

Just rang sky insurance for a quote on a lightly modded mr2 gt import turbo and the guy said he didn't want to waste my time taking the details as they wouldn't be competitive on the quote anyway lol...he took my postcode and when i.mentionedd it had just the exhaust he turned me down.

Ss exhaust, air filter, springs and bov.

Anywhere else worth trying? 29 yo. 6 years ncb. Admiral want 900£.

[Charged]

Hi Dazz,

I dont know which tree you are barking up but it is the wrong tree.

It's similar to the idiots you see selling cars, '2.0L Turbo conversion but registered as a 1.0L so cheap insurance!!!!!!11one!!! 1'

Each case is going to be different to the next but it's fair to say that if insurers suspect foul play they'll do some very careful investigations.

[dazzz]

What if there is no foul play???

I'm telling you there are lots af people on here who by no wrong doing of their own may have insured there car as something which it isn't and will only find out when the insurance companies screw them over when they need to claim.

This is why us customers are being told the responsibility is on us to know the ins and outs of our exact car model.

I think the responsibility should be on the insurance company to provide suitable insurance for the correct car. Take vin numbers / chassis no. etc.
You're private money making companies.

Sky made big profits last year.

There is no such car in the world as an MR2 GT TURBO. Ring Toyoa and find out. You know this but still let people insure a GT TURBO and use the excuse about the ABI and the info coming from them. You update the ABI.

Not you as such but i use the term 'you' as the insurance industry

[Marf]

I think the responsibility should be on the insurance company to provide suitable insurance for the correct car.

I'm afraid I have to completely and utterly disagree. Personal responsibility is the key here. YOU own the car, YOU are responsible for providing accurate information to the insurers to ensure YOU are taking out the correct insurance.

We already pay enough for insurance as it is without insurance companies adding on a fee to despatch someone to inspect every car they have on their book.

[Charged]

Dazz,

I'm posting as an individual, the company I work for and our ability to make a profit is really beside the point, although I should point out again that the company I work for is an insurance broker, we see very little of the claim side of things. Thankfully as well, the sort of customer that insures with the company I work for are car enthusiasts who know their vehicle down to almost every last detail and want a good level of cover. The discussion point is therefore almost irrelevant for us and our customers.

I'd put on onus and the DVLA getting cars registered correctly initially and even more onus on the customer making sure they know what their car is. An engineers report will clear any issues up.

I cant give you the ins and outs of very scenario Dazz so I refer you to my previous answer of:

Each case is going to be different to the next but it's fair to say that if insurers suspect foul play they'll do some very careful investigations.

[nickg07]

Sorry
Mistake.

[dazzz]

I think the responsibility should be on the insurance company to provide suitable insurance for the correct car.

I'm afraid I have to completely and utterly disagree. Personal responsibility is the key here. YOU own the car, YOU are responsible for providing accurate information to the insurers to ensure YOU are taking out the correct insurance.

We already pay enough for insurance as it is without insurance companies adding on a fee to despatch someone to inspect every car they have on their book.

This is what lots of people have done on imoc but may find out that the car is insured as an incorrect model.

The more i think about it, insurance is a massive rip off, but it's just business at the end of the day.

[Marf]

I think the responsibility should be on the insurance company to provide suitable insurance for the correct car.

I'm afraid I have to completely and utterly disagree. Personal responsibility is the key here. YOU own the car, YOU are responsible for providing accurate information to the insurers to ensure YOU are taking out the correct insurance.

We already pay enough for insurance as it is without insurance companies adding on a fee to despatch someone to inspect every car they have on their book.

This is what lots of people have done on imoc but may find out that the car is insured as an incorrect model.

Be that as it may, it still is, and should be the responsibility of the car owner to ensure the car is correctly registered and insured. This is in my opinion especially true of anyone who is a member of a one make forum where the knowledge will exist to help them ascertain which car they actually own.

[dazzz]

All people have to be treated the same, you can't expect everybody to be experts. It should be made idiot proof.

Any industry that needs an idependant ombudsman must be riddled with corruption.

[Marf]

All people have to be treated the same, you can't expect everybody to be experts. It should be made idiot proof.

We'll have to agree to disagree on that. Catering to the lowest common denominator is taken too far as it is in our daily lives and in my view acts to the detriment of those of us who can deal with things ourselves in an accurate and efficient manner.

I don't want to pay for feckless idiots any more than I do already TYVM. Look at health and safety for a good example of lowest common denominator legislation.

Common sense and personal responsibility should be championed, not destroyed.

Any industry that needs an idependant ombudsman must be riddled with corruption.

Not sure how you draw that conclusion, pretty much every major consumer industry in the UK has some form of independent regulator or ombudsman

[dazzz]

We'll just have to agree to disagree then.

I belive in health and saftey. Just depends on how it's implemented and if risk assesments are done correctly.

Common sense isn't that common i find, and will usually lead to accidents when idiot belive they have common sense.

[Poker Face]

Apologies I just jumped in halfway through this thread. Totally missed the point at first.

No different to not declaring mod on a car and saying you didn't know.
You may get away with taxing the car but you are gambling on not being in an accident or having your car nicked.

Not worth it in my opinion.

[Peter Gidden]

I've just spoken to Toyota who say the GT was only ever released in Japan.

Correct.

There were other varients of the GT released in the UK, GT coupe, GT Tbar, GT 10th etc, but not to be confused with the GT.

Vague and ambiguous answer from Toyota.

UK models were designated and badged GTi (except IIRC, the 3s-FE powered card which had no designation). The JDM non-turbo was designated GLtd.

And legally, the insured has an obligation to give all relevant info (known as "material facts") to enable the insurance company to insure the correct spec. car.

[dazzz]

I've just spoken to an solicitor who litigates for a large insurance company.

I am 100% correct, if what i am telling him is correct. He cannot even belive an insurance company would even allow themselves to be put at such a risk.

With it being a 20 year old car now, nothing will ever get changed at the
ABI.

Either an insurance company is going to get screwed over or a genuine person is going to get screwed over because the insurance comapnies are letting you insure a car by the name of GT Turbo. All putting the cost of our premiums up.

He explained it perfectly to me. Insurance is a massive rip.

[Peter Gidden]

Good grief - is it really that tricky for an owner to simply tell the insurance what car they have sitting on the driveway???

I don't believe this is an issue. Either the car is correctly described by the owner or not. Very, very simples.