Location: Glasgow Joined: 11/8/2008
Posts: 22 Site Reviews:2 Gallery Images:0
Hi guys some shocking insurance quotes i see here .Just bought brand new ABI Windermere and got it insured for £ 40,000 with annual payment of £248 .The company aree called Towergate and are backed by sun alliance and some other companies .Th e thing is u must shop around u can save a fortune by changing insurance provider.
Location: Suffolk Joined: 12/5/2006
Posts: 515 Site Reviews:0 Gallery Images:2
MAke sure you read the small print.
I was very surprised to hear some of the horror stories from people on here, even when insured by well known firms.
It seems that no matter what your insured value is - and it is that figure which determines your annual premium - insurers can and do reduce this at their apparent whim when it comes to a pay out. They call it "Market value". This is reduced for the part of the year that has passed (quite significantly reduced) and also seems to be based on dealer buy in price, not your cost to replace it.
Of course, they still take the full premium based on the retail value at the time of insurance. Bit of a racket imho.
------------- Veni Vidi Velcro.... I came, I saw, I stuck around!