halilson said:

How much is your insurance?!! I pay just over £300 fully comp with all my mods disclosed and my excess is only £150.

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In view of the fact that I dont have as many mods yet*, mines comparable to that Hal.

I hope Quintens mob leave you alone. They and Warranty Direct, to whom I made the mistake of enquirying to (when I had the 166) emailed, phoned, text for many months afterwards. I think they are both still saved in my mobile as one of the many "Do Not Answer" numbers! Laughable quotes compared to the value of the car - no wonder Quintens hair fell out!

We do have insurance on all of the main kitchen appliances and have claimed on them (including new for old) without seeing the premiums rocket in subsequent years - they have been more than worth it.




*Visit to that "removal company" near Banbury now booked :devil:

I got 4 numbers once and bought an egr with the winnings.

£265 mods declared, but £300 excess with Liverpool Victoria

fully comp as its cheaper than tpft or tp only

ban1111 said:

now can i ask you do you have third party only on your cars? if not why not?

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Fully comp, with most optional extras, excluding courtesy car.

Doofer said:

I also believe you are statistically less likely to die or get injured (or injure others) if you have less insurance. By making a crash into a big deal financially, you reduce the risks you take while driving.

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Don't get me wrong, I can see your logic, but unfortunately can't say I feel the same applies to me, in as far as because I've a fully loaded policy I'm more likely to claim - for smaller issues.

I've a fully loaded motor policy for similar reasons to why you have home insurance with a large excess. So when something big does happen its fully covered.

We always insure our Classic Panda's fully comp, not due to their value obviously, but if who ever is driving becomes incapacitated or looses a leg etc (not the car park fender benders) the £40k PI cover thats £2 a month extra will be very beneficial.

I can't say I drive to a poorer standard knowing that if I have an at fault incident I'll be covered, as regardless of being covered or not loosing a leg etc must be a horrifically traumatic experience, but you never know what could happen.

Doofer said:

I also have a £1000 excess on the home contents insurance - it's there for when the house burns down, not for minor mishaps.

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Completely logical, and same wave length as myself.

Doofer said:

Of course we don't have optional legal expenses insurance or any of the other extras they try and con you out of.

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Its not all to con you, but comes down to how often you think you're likly to use it. Like I have with car warranty, it sounds like you've done your homework and feel you don't need them. For some they come in handy, just like car warranty

evo-number-one said:

I hope Quintens mob leave you alone. They and Warranty Direct, to whom I made the mistake of enquirying to (when I had the 166) emailed, phoned, text for many months afterwards. I think they are both still saved in my mobile as one of the many "Do Not Answer" numbers! Laughable quotes compared to the value of the car - no wonder Quintens hair fell out!

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This was the issue I had, with Warranty Direct - adament he wasn't trying to see me an insurance policy, and that it was a warranty :chin:

Didn't like it when I explained insurance policies normally have an excess and warranty from manufacture doesn't, so why does his warranty come with an excess

Has anyone here heard of the bathtub curve of failure? It is particularly pertinent to electronic components.

If you track number of component failures of a given part against time you will find that at the beginning you will have quite a high number due to poor manufacturing. This quickly drops to a very low number and levels out over a long period of time.

Still with me? Ok. Then the number of failures starts to rise to a high level quite quickly again due to age and general wear. This is where insurance companies profit. Because if your car is only a few years old then the likelihood of something going wrong is miniscule based on the fact that it ain't broken yet it isn't going to for quite some time.

I like the bathtub idea, and it's probably spot on. Even down to the sudden drop at the beginning (the plughole end), and a more tapered rise at the head end.

Presumably this is what the insurance companies know all about, and why their premiums go up to "go away" level just when you reach that rising curve.

I was paying about £210-ish when I had the £1000 excess. Now third party, not because of the premium (which was less than £10 lower), but because this gives better cover if you're hit by an uninsured driver - if you're third party then the MIB pay you and you don't lose your NCD, if you're comp then you have to claim on your own insurance and your premiums will go through the roof for the next five years.

Given that a Croma's worth about £2k these days, it's getting to the point where the car's value isn't worth covering.

Doofer said:

because this gives better cover if you're hit by an uninsured driver - if you're third party then the MIB pay you and you don't lose your NCD, if you're comp then you have to claim on your own insurance and your premiums will go through the roof for the next five years.

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Its the theiory, but have you had to claim through the MIB yet?

Legal on your 3rd party cover to help your claim with the MIB?

Most Easterly Pandas said:

Legal on your 3rd party cover to help your claim with the MIB?

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No, I worked as an uninsured loss recovery claims negotiator for years. Hence my cynicism on all things insurance!

I haven't yet tested the theory, but the MIB guidance is very clear - if you're insured for your own damage then you must claim through your own insurance. If you're not, you can claim from them directly. I would doubt that they'd reimburse an insurer that's paid out for repair costs, so you'd be left with a claim on your record. The script always used to be "It's a no claim bonus, not a no blame bonus".

I don't think the value of a Croma is worth worrying about. I wouldn't welcome writing it off, but it wouldn't be the end of the world - I'd just have to buy another car (with the savings I've made by not insuring everything I own).

What have the Men in Black got to do with insurance?

Does Will Smith come along, rebuild the car, and zap your memory so you forget it was ever shunted in the first place?

Yes, that's exactly how it works.

Actually I must retract my statement about comp/third party insurance. They've now changed their rules so that you DON'T have to claim through your own insurance (as was the case last time I checked). I suspect they've realised that they were making a bit of a weird situation.

Re AA warranty, leaving wife's clio in on Monday for starter motor replacement courtesy of AA.