Cherished Number insurance

[drdel]

Anybody found an insurer covering Cherished Numebrs and at what sort of premium?

[Mikebentley]

Are you serious? Assuming you mean the registration number.

[Dogwatch]

Just another number plate to my insurer. After all you don't own a registration, you have a licence to display that combination of letters and numbers - which can be withdrawn.

[akirk]

Any of the more expensive lot (private client types like Chubb etc.) will insure your plate for an appropriate valuation alongside the car

[2 sMoKiN bArReLs]

akirk said:

Any of the more expensive lot (private client types like Chubb etc.) will insure your plate for an appropriate valuation alongside the car

Well, you live & learn! I didn't know that. What perils do they insure against?

[dibblecorse]

2 sMoKiN bArReLs said:

Well, you live & learn! I didn't know that. What perils do they insure against?

That would have been my question as I've no idea who you would lose it.

If a vehicle is in an accident and written off, it can be placed back on retention and then re-assigned.
If a vehicle is stolen / not recovered the same as above can be done and then you have a 12 month wait before you can re-assign as it remains live on the lookout databases.

So not sure what else there is ?

[2 sMoKiN bArReLs]

dibblecorse said:

So not sure what else there is ?

Perhaps if it's confiscated by the bad taste/mis-spacing police?

[dibblecorse]

2 sMoKiN bArReLs said:

dibblecorse said:

So not sure what else there is ?

Perhaps if it's confiscated by the bad taste/mis-spacing police?

Thats negligence, not sure someone can be insured against being a wilful tt !!! Or stupid enough to sell their car with their prized plate on hoping on the goodwill of the buyer to re-assign it back ... stupid is as stupid does ...

[akirk]

2 sMoKiN bArReLs said:

akirk said:

Any of the more expensive lot (private client types like Chubb etc.) will insure your plate for an appropriate valuation alongside the car

Well, you live & learn! I didn't know that. What perils do they insure against?

no idea, but each time I have used such a company they have checked the valuation of the plates and the plates were listed at that valuation.

I guess that there is a DVLA requirement for a car to be in a MOT worthy condition to transfer a plate of it - so if your car is stolen and totalled, arguably the DVLA could insist on seeing the car and checking that it is MOT worthy before allowing the transfer - and therefore you lose the number because you can't afford to put the car back into a condition needed to remove the plate... In reality, digital transfers perhaps negates this need, but technically it is a scenario which could occur...

[Nurburgsingh]

akirk said:

no idea, but each time I have used such a company they have checked the valuation of the plates and the plates were listed at that valuation.

I guess that there is a DVLA requirement for a car to be in a MOT worthy condition to transfer a plate of it - so if your car is stolen and totalled, arguably the DVLA could insist on seeing the car and checking that it is MOT worthy before allowing the transfer - and therefore you lose the number because you can't afford to put the car back into a condition needed to remove the plate... In reality, digital transfers perhaps negates this need, but technically it is a scenario which could occur...

Isn't the requirement that it has a valid MOT - which is different to it being stolen and totalled - which must happen all the time. So there is a process for recovering a plate from a written-off car.

This sounds like the same type of insurance the Emperor bought to cover damage to his flashy new threads....

[akirk]

Nurburgsingh said:

akirk said:

no idea, but each time I have used such a company they have checked the valuation of the plates and the plates were listed at that valuation.

I guess that there is a DVLA requirement for a car to be in a MOT worthy condition to transfer a plate of it - so if your car is stolen and totalled, arguably the DVLA could insist on seeing the car and checking that it is MOT worthy before allowing the transfer - and therefore you lose the number because you can't afford to put the car back into a condition needed to remove the plate... In reality, digital transfers perhaps negates this need, but technically it is a scenario which could occur...

Isn't the requirement that it has a valid MOT - which is different to it being stolen and totalled - which must happen all the time. So there is a process for recovering a plate from a written-off car.

This sounds like the same type of insurance the Emperor bought to cover damage to his flashy new threads....

It has never cost me any extra on the insurance - it is simply one of the facets of that type of policy that it includes insurance for the plate at the correct valuation...

[martinbiz]

Nurburgsingh said:

akirk said:

no idea, but each time I have used such a company they have checked the valuation of the plates and the plates were listed at that valuation.

I guess that there is a DVLA requirement for a car to be in a MOT worthy condition to transfer a plate of it - so if your car is stolen and totalled, arguably the DVLA could insist on seeing the car and checking that it is MOT worthy before allowing the transfer - and therefore you lose the number because you can't afford to put the car back into a condition needed to remove the plate... In reality, digital transfers perhaps negates this need, but technically it is a scenario which could occur...

Isn't the requirement that it has a valid MOT - which is different to it being stolen and totalled - which must happen all the time. So there is a process for recovering a plate from a written-off car.

This sounds like the same type of insurance the Emperor bought to cover damage to his flashy new threads....

Agreed sounds like a complete con only paid by people with fat wallets and thin brains.

Why would you insure something that you don't even own, you have only purchased the right to use it and you won't lose the right to use it even if it's stolen or totalled, all you will lose is 2 bits of plastic worth £20

[NGee]

martinbiz said:

,............... all you will lose is 2 bits of plastic worth £20

Yes, but if you pay the insurance company £30 you can get you £20 back, and if you lose 2 sets of number plates in a year you're quids in.

[Armitage.Shanks]

I thought DVLA own the registration mark, the fee you pay is for the entitlement to display it and sell it on etc. under the same condition.

I recall reading somewhere breaches of the legislation in reference to displaying can result in it being withdrawn? If so and you bought it from DVLA I suppose there could be a legal argument about refund?

[GasEngineer]

Is it correct that you can't transfer or retain a number if the vehicle its assigned to doesn't have an MOT?

If so could a scenario for losing it be that the vehicle failed its mot and it turned out to be too expensive to fix?

I think it was the case when I wanted to get the number off an old moped we found.

[Ziplobb]

surely the registration is not yours ? I thought DVLA owner them all and when yoiu buy one you are buying the right to display it (and of course resell it) so whats the point of insurance ? where would your 'insurable interest' be ?

[aka_kerrly]

GasEngineer said:

Is it correct that you can't transfer or retain a number if the vehicle its assigned to doesn't have an MOT?

If so could a scenario for losing it be that the vehicle failed its mot and it turned out to be too expensive to fix?

I think it was the case when I wanted to get the number off an old moped we found.

That was the kind of scenario I was thinking. Perhaps what the OP is concerned about is If say you have a £5k that has a £500k number plate on it and the car is written off, your car insurer pays £5k. The car has no MOT/now written off, you cannot transfer the plate to another car.

Thus you have lost a £500k asset. Hence there might actually be something in the concept of "personalised number plate" insurance to cover such an event.

[Cold]

aka_kerrly said:

GasEngineer said:

Is it correct that you can't transfer or retain a number if the vehicle its assigned to doesn't have an MOT?

If so could a scenario for losing it be that the vehicle failed its mot and it turned out to be too expensive to fix?

I think it was the case when I wanted to get the number off an old moped we found.

That was the kind of scenario I was thinking. Perhaps what the OP is concerned about is If say you have a £5k that has a £500k number plate on it and the car is written off, your car insurer pays £5k. The car has no MOT/now written off, you cannot transfer the plate to another car.

Thus you have lost a £500k asset. Hence there might actually be something in the concept of "personalised number plate" insurance to cover such an event.

If you total your £5k car with its £500k plate then put the plate onto retention before any insurance admin is done.

[Muzzer79]

aka_kerrly said:

GasEngineer said:

Is it correct that you can't transfer or retain a number if the vehicle its assigned to doesn't have an MOT?

If so could a scenario for losing it be that the vehicle failed its mot and it turned out to be too expensive to fix?

I think it was the case when I wanted to get the number off an old moped we found.

That was the kind of scenario I was thinking. Perhaps what the OP is concerned about is If say you have a £5k that has a £500k number plate on it and the car is written off, your car insurer pays £5k. The car has no MOT/now written off, you cannot transfer the plate to another car.

Thus you have lost a £500k asset. Hence there might actually be something in the concept of "personalised number plate" insurance to cover such an event.

I'm 99.99% certain there's a process to recover your cherished plate if your car is written off.

If it fails an MOT due to lack of maintenance, that's a different story. But that's just a case of keeping up with maintenance.

[Durzel]

As said above there is absolutely a process for removing a cherished plate from a car before or even after it has been written off, otherwise people would be losing them left, right and centre. I would presume it is a simple matter of informing your insurance that you wish to retain the numberplate before they've written the car off.