[All] [Generic] Get insured properly or not

[craig]

you should declare everything, END OF STORY!!!!!

Nuff said

[afennell]

One of the down falls of the world today is people being dishonest and that’s exactly what you are being when not declaring all your mods.

If you're not going to declare all your mods then don’t bother insuring your car at all as your insurance is void anyway. They will find out, its their job, any reason for them not to have to pay out.

I know of people that have not been payed out because of an after market exhaust and I say it serves them right!
How would you feel if someone crashed into your car and their insurance was void so did not pay out, or maybe you were in hospital for 6 months, lost your job, house because you could not pay your mortgage. You needed years of physio but could not afford it because the other parties insurance was void because they wanted to save a few pounds.

Grow up, start being responsible, and think about how you would feel if someone in your family could not get the compensation they needed to save their standard of life.
Stop being narrow-minded, you could destroy peoples lives.

[afennell]

sorry but i agree with what he said ^^^^^

at the end of the day, internal mods are a hard one becos know one knows there there. but i personally (being the sensible 19 year old i am) have declared all the mods on my tubby, simply because im like that. but you can see....from the exstortionate prices we pay for insurance in this country. why people go without declaring them.

Big up the day i emmigrate from this poo hole

Rant Over

They have experts who will easly be able to find any mods if they want to.
An after market ic will stand out wave flags at them

[firstmk1]

The insurance company still have to pay for the third party even if they void your insurance. The biggest problem you'll have is trying to get cover from any company if you have a void on record. By all means try to cheat the insurers but don't come crying to us when you total your car and lose everything.

[Greddy-Matt]

Is it really worth all the possible, hassle, grief and trouble for £25 extra a month? Thats like just over half a tank of fuel?

Seriously?
So not worth it

[afennell]

[quote="firstmk1"]The insurance company still have to pay for the third party even if they void your insurance. The biggest problem you'll have is trying to get cover from any company if you have a void on record. By all means try to cheat the insurers but don't come crying to us when you total your car and lose everything. [/quote

Not the case, You would have to sue to get any money back. If is void its the same as having no insurance.

[firstmk1]

The insurance campany have to honour the third party liability even if they void your cover. They can then sue the (ex) policy holder to recover costs. The money isn't recovered so it comes out of the pot i.e. everyone honest pays for the dishonest ones. This was the case with the car insurance I worked for.

[GeoffC320]

Actually, they make lots of money from policies, what else would they invest with? They are without doubt the worst bunch of thieving w@nkers with the exception of banks and the Government. On the one hand we're told road accidents are down because of the scameras on the other we're told insurance has to go up because there's more accidents.

Afraid you're somewhat under-informed there. Motor insurance as a class makes no money generally, it is bolstered up by the performance of other classes. In fact as Simon says there would be no profit at all if it wasn't for the investment income. Most companies are playing catch-up because in years gone by they didn't even attempt to make a profit before investment but the stock market was high enough to overcome that. When the market dropped big-time in 2000 they lost heaps of money.

In addition there may be less claims overall (not sure that there are actually) but each one costs more due to the compensation culture and also legal reforms which mean that the hospital fees for victims get paid by the insurers too. Not to mention the complete racket of the repairers charging at least double what it really costs them 'because it comes off the insurance'.

Sorry to say also that insurers costs are rising all the time because of other legislation which means a) they need to put much more cash aside for the pensions of the staff and b) they are restricted to fairly low-risk/low-return investments to fund the pensions in the first place.

I've been in the insurance industry over 18 years now and believe me trading conditions have been pretty tough I'd say for at least 70% of that time.

I could go on but you get the gist...

[afennell]

The insurance campany have to honour the third party liability even if they void your cover. They can then sue the (ex) policy holder to recover costs. The money isn't recovered so it comes out of the pot i.e. everyone honest pays for the dishonest ones. This was the case with the car insurance I worked for.

I was informed the money you claim from is the same pot you can claim from if an uninsured driver hits you and nothing to do with the other party. Although I have never worked for an insurance company so I don’t really know.

Either way people GET INSURED FULLY. That also includes declaring points.

[gavinl]

Actually, they make lots of money from policies, what else would they invest with? They are without doubt the worst bunch of thieving w@nkers with the exception of banks and the Government. On the one hand we're told road accidents are down because of the scameras on the other we're told insurance has to go up because there's more accidents.

Afraid you're somewhat under-informed there. Motor insurance as a class makes no money generally, it is bolstered up by the performance of other classes. In fact as Simon says there would be no profit at all if it wasn't for the investment income. Most companies are playing catch-up because in years gone by they didn't even attempt to make a profit before investment but the stock market was high enough to overcome that. When the market dropped big-time in 2000 they lost heaps of money.

In addition there may be less claims overall (not sure that there are actually) but each one costs more due to the compensation culture and also legal reforms which mean that the hospital fees for victims get paid by the insurers too. Not to mention the complete racket of the repairers charging at least double what it really costs them 'because it comes off the insurance'.

Sorry to say also that insurers costs are rising all the time because of other legislation which means a) they need to put much more cash aside for the pensions of the staff and b) they are restricted to fairly low-risk/low-return investments to fund the pensions in the first place.

I've been in the insurance industry over 18 years now and believe me trading conditions have been pretty tough I'd say for at least 70% of that time.

I could go on but you get the gist...

Geoff,

Very informative, thank you

Do you happen to know what % of the UK car insurance market is accounted for by modified cars?

[rossdymond3352]

sorry but i agree with what he said ^^^^^

at the end of the day, internal mods are a hard one becos know one knows there there. but i personally (being the sensible 19 year old i am) have declared all the mods on my tubby, simply because im like that. but you can see....from the exstortionate prices we pay for insurance in this country. why people go without declaring them.

Big up the day i emmigrate from this poo hole

Rant Over

They have experts who will easly be able to find any mods if they want to.
An after market ic will stand out wave flags at them

true, didnt think of that.

i do still believe you should delcare everything, as someone said, its £25 a month extra, is it not just so much easier to pay it, and save yourself the hassle! and have the peace of mind!

[Chris]

It's hard work to declare everything! When I was re insuring mine after the engine rebuild etc, I phoned Sky insurance and the bloke on the other end stopped me halfway and said, "I think I got the idea mate, I'll ring you back with a quote." He did and it was a shade over a grand. I did not take the policy because he only got about a quater of all my mods! How would that stand if I had a crash?? Also some companys don't understand the modified concept fully. I can't remember which one it was but they was only intrested in the area modified. For example the turbo, manifold, ext. wastegate, downpipe and exhaust...All covered under sports exhaust system Until I write it off.....

[tonigmr2]

I faxed the modifications on my supercharger/twincharger as a list to A Plan and they were able to take them all into account!

T

[Caribbean_Blue]

thing is i dont use my car much and i dont drive like an idiot, so imay have a little crash but writing it off is unlikely. If someone crashes into me it doesnt matter about my modifications as it will be claimed on there insurance, plus a modified car isnt worth much more than a std one. Seeing they only come and check your car if you have a big crash, £300 extra seems a lot of money

That couldn't be further from the truth...

Lucky I had all mods declared as someone crashed into me. A day later I have a guy from the other persons insurance co. come round to look at my car to check over it to see a) what damage had been done and b) it is all exactly as insured.

Simply if you so much as have a simple mod like a dump valve on there that wasn't insured you ARE screwed. They will chuck the case out cancel your insurance take your money & in worse case senario take you to court for insurance fraud (although highly unlikely).

So yes insurance is important for YOU but for others around you. The post about killing someone sadly is a very valid point.

Sleep well with your decision

[Hellboy]

I bet 99% of you lot if you do a quick change or mod ( you know even lowering you boost on a EBC or MBC would require you to call the insurance company in a idle world requre a change) knocking 5 psi off you boost wil approx remove 30 to 50 HP from your car - the reverse is true, raising boost on the fly is the same.

at CT20 is a stock turbo - does not matter if that is ona rev 1 or rev 3 - its stock.

how often say you put winter wheels do you then phone the insurance co and then pay 60quid or so to update the policy .

not funkin likley is it.

You all come across as if your xxxx dont stink.

i woul dput money on it that vast majority of cars in this club and others are illeagal.

Someone hit my car the other day, she was fully insured, did i make a claim , did i b0ll0cks, I paid a mate £50 to sort the repair out in 24 hours and spray the damage. going through insurance and me making a claim would have removed my NCD and increased my preamium - its the biggest rip off this side of the suggested road pricing.

Monkeys car has not moved in 4 months - I know cos it sat out side and does about 1000 miles per year if that. most of it too and from track days.

[The Morris]

perhaps we should have a poll to see who declares everything

[Hellboy]

would not bother, if you take ya chances you deal with the consequences, wheather it be points on licence , jail , or heafty fine, if someone is killed or inmjured , insurance would not have stopped the accedent in the first place.

your all adults , dont need the "forum holy brigade" to tell you what to do, you know whats right and wrong, if ya take the chance live with it

[skinthespin]

What a complete tool you are, when some unisured prat knocks your mum over and she needs a years worth of therapy and a new hip you will wish they weren't such an idiot either, cos they have no insurance its just tough and you will have to sue them cos they have a pathetic attitude and will not accept responsibility for there actions either. Thats an attitude of someone thats lets face a bit stupid, and no im not sorry if that offends you.

At the end of the day all the honest people in here are paying for all the inconsiderate scumbags out there without insurance, just like all the tax payers inthe country are paying for the lazy a**holes who claim benefits even though theres nothing wrong, you may miss the odd mod but if you have declared a list as long as your arm its unlikely the insurance wouldnt pay out, my policy just states 'all mods covered' and doesnt even list them as theres so many.

[The Morris]

What a complete tool you are, when some unisured prat knocks your mum over and she needs a years worth of therapy and a new hip you will wish they weren't such an idiot either, cos they have no insurance its just tough and you will have to sue them cos they have a pathetic attitude and will not accept responsibility for there actions either. Thats an attitude of someone thats lets face a bit stupid, and no im not sorry if that offends you.

At the end of the day all the honest people in here are paying for all the inconsiderate scumbags out there without insurance, just like all the tax payers inthe country are paying for the lazy a**holes who claim benefits even though theres nothing wrong, you may miss the odd mod but if you have declared a list as long as your arm its unlikely the insurance wouldnt pay out, my policy just states 'all mods covered' and doesnt even list them as theres so many.

Why would i ran a women over just bcause i havent declared all my mods
I do about 2000 miles in my tubby, none of them are town driving. and i drive it quite conservatively

Why should i pay more for things like water injection that only protects my engine and does not make it go faster.

[Canopus]

I also work in the insurance industry and have done for 30 years. albeit not motor insurance, but the point I think we all need to focus on is that a car, any car, is a lump of metal which can be straightened out/replaced. If you are unlucky enough to hit a person, even if you are driving slowley, or only a few times each year! and they are a paraplegic then the courts are going to look for a way to compensate them, and I would question if that is really wrong.

We should not focus on a few dents and bumps but on the tragic event of a child being a paraplegic. Our cars can be fixed a person can't!

If you have done a lot of mods and you consider your car worth more then you can always go for a fixed value policy. If you have modifications which are material then you are a fool not to declare them. Just because you don't have insurance it does not absolve you of responsibility.

A little bit of history. Remenber the guy in the landrover who fell asleep at the wheel and took out two trains and abridge and killed a number of perople. That claim cost £130 million - how many insurane premiums does that eat up! (premium £500 x 260,000 policies). In the past most car insurance gave you unlimited liability for bodily injury claims and property damage claims, now, as a result of that crash, its limited to $20m for property damage.

A bit more background. Insurers purchase catastrophe protection for their insurance portfolio to cater for the rare event of a major loss, as above, so the original insurers probably only paid £10m or £20m of that claim and claimed the rest back from their reinsurers. This means the next year when they renew their catastrophe insurance their premium will go up a lot and this has to be recouped at the front end, you and I. Take 9/11 that impacted catastrphe insurers world wide with the result there was a shortfall in insurance capacity so the price went up and that feeds down to us all. Insurance is a global industry and a hurricane in the USA hits catastrophe insurers so the overall cost of cat insurance goes up for everyone. Legislation requires insurers to purchase cat insurance to ensure they can pay a claim to a policy holder and the ultimate cost has to be passed on to all.

Just my 2-pence worth!