Limited mileage insurance?
Discussion
an insurance policy covers a car and one or more drivers. The same applies to a limited mileage policy. So it doesn't matter which of the drivers drives it for the accumulation of miles.
When you take out a policy you declare the mileage as simple as that.
There are circs when a car does miles not covered under the policy such as track days. People with easy to access speedos (such as Caterhams) will disconnect their speedos at track days to (properly) avoid clocking up 'uninsured' miles.
If the car is going to do miles not under the policy (eg if it is driven by another driver under another ploicy), you will have to talk to the ins co to see if and how they can deal with it.
Graham
When you take out a policy you declare the mileage as simple as that.
There are circs when a car does miles not covered under the policy such as track days. People with easy to access speedos (such as Caterhams) will disconnect their speedos at track days to (properly) avoid clocking up 'uninsured' miles.
If the car is going to do miles not under the policy (eg if it is driven by another driver under another ploicy), you will have to talk to the ins co to see if and how they can deal with it.
Graham
gridgway said:
If the car is going to do miles not under the policy (eg if it is driven by another driver under another ploicy), you will have to talk to the ins co to see if and how they can deal with it.
My thoughts exactly. I cannot see anyway an insurance company could prove you'd exeeded the milage you said you would cover on their policy.
i had my old kit car on a 6000 mile limited policy for years (approx 12 years), and apart from the first time i got the insurance, they never asked for a copy of the MOT to verify miles.
i know quite a few other people with cars on the same sort of policy, and during various conversations, it seems this is quite widespread.
even in the event of an insurance claim, they didn't need to see any verification of mileage, but from memory they asked for it over the phone, but no actual checking.
i know quite a few other people with cars on the same sort of policy, and during various conversations, it seems this is quite widespread.
even in the event of an insurance claim, they didn't need to see any verification of mileage, but from memory they asked for it over the phone, but no actual checking.
If in the event of a claim the insurance company sends an assesor to the vehicle he makes a note of the milage for the records. Now if you have exceeded the limited amount of miles without informing them or have lied to them over the phone regarding this it would have you on very thin ice.
wolf1 said:
If in the event of a claim the insurance company sends an assesor to the vehicle he makes a note of the milage for the records. Now if you have exceeded the limited amount of miles without informing them or have lied to them over the phone regarding this it would have you on very thin ice.
Prove the miles were added to the car when it was covered by the policy I'm claiming on.
When I had a policy I had a form where I filled in the current odometer figure and signed a declaration stating something like "The current odometer reading for the vehicle reads 123,456 and the reading will not exceed X,000 miles whilst the policy is in force."
ie. it did not matter WHO put the miles on it, but the odometer must not exceed that amount. I can't remember what the precise wording was, but it definately didn't say that the *vehicle* must not travel more than X,000 miles though, only that the odometer must not exceed that amount.
Gareth
ie. it did not matter WHO put the miles on it, but the odometer must not exceed that amount. I can't remember what the precise wording was, but it definately didn't say that the *vehicle* must not travel more than X,000 miles though, only that the odometer must not exceed that amount.
Gareth
g_attrill said:
When I had a policy I had a form where I filled in the current odometer figure and signed a declaration stating something like "The current odometer reading for the vehicle reads 123,456 and the reading will not exceed X,000 miles whilst the policy is in force."
ie. it did not matter WHO put the miles on it, but the odometer must not exceed that amount. I can't remember what the precise wording was, but it definately didn't say that the *vehicle* must not travel more than X,000 miles though, only that the odometer must not exceed that amount.
Gareth
Exactly the same as I have done every year that I've used limited milage policies.
I use them on my road bike and race transporter. They send me a decleration for every renewal and I fill in the present milage and send it back. This has been the situation with every limited milage policy i have had regardless of the company. Were not talking about the estimate roughly how many miles do you do question but specific limited milage policies. It matter not how the miles are put on than it is not allowed to exceed them unless you notify the company that you will. I have done it in the past and it only cost me a couple of quid. Now call me what you will but come the event of an accident my insurance wont be refusing cover due to excessive milage.
What is the situation when you aren't specifically buying a limited mileage policy? When buying my current insurance I remember being asked how many miles I do, however as far as I know I don't have a limited mileage policy. Are all policies in effect limited mileage unless you specfically ask for them to be unlimited?
egomeister said:
What is the situation when you aren't specifically buying a limited mileage policy? When buying my current insurance I remember being asked how many miles I do, however as far as I know I don't have a limited mileage policy. Are all policies in effect limited mileage unless you specfically ask for them to be unlimited?
I believe that it's just a rough guide so they can work out your cover. Those that do galactic milages after saying they only do 10000 a year may just get a shock though.
shuvitupya said:
The estimated mileage you drive per year is only asked when applying for insurance.
Insurance companies do not ask for the mileage of the vehicle, and so how can they prove anything?
Well in the event of a big claim, they might check the past two MOT certificates which record milage, and find out you have been telling porkies if you only declare less than 8000 miles a year for cheaper insurance for instance.
Which incidently I do, (all legal and above board), and get a good discount as well.
purpleheadedcerb said:
We were on a 3000 limited mile policy on a Triumph Stag. Made a claim when someone reversed into it. Turned out that we had already done 3500 miles since inception. Insurance company adjusted the policy to a 6000 mile policy, we paid an extra £20. Job done.
Well done that man, but I was kind of thinking on the lines of you seriously injuring someone, and say they were awareded £250,000 which under ordinary circumstances they could claim off your insurance, dont you think the insurance company would try to wriggle out of it if you had exceed the milage you were insured for?
BTW havnt seen a Stag for years.
vipers said:
Well in the event of a big claim, they might check the past two MOT certificates which record milage, and find out you have been telling porkies if you only declare less than 8000 miles a year for cheaper insurance for instance.
Which incidently I do, (all legal and above board), and get a good discount as well.
What happens if the car is in the first three years of its life and you bought it when it was a year old? There would be no MOT's. Also any second hand car I have bought from a dealer has never had the past MOT's with it.
I have only been asked on Classic car policies to sign a form stating the cars current mileage. All other insurance companies have never asked.
>> Edited by ads on Monday 24th April 09:46
ads said:
Well in the event of a big claim, they might check the past two MOT certificates which record milage, and find out you have been telling porkies if you only declare less than 8000 miles a year for cheaper insurance for instance.
Which incidently I do, (all legal and above board), and get a good discount as well.
What happens if the car is in the first three years of its life and you bought it when it was a year old? There would be no MOT's. Also any second hand car I have bought from a dealer has never had the past MOT's with it.
I have only been asked on Classic car policies to sign a form stating the cars current mileage. All other insurance companies have never asked.
>> Edited by ads on Monday 24th April 09:46
What if you clock up miles not covered by the policy eg trips to Europe or track days etc? How can they verify these?
Surely there no legal requirement to have a working odometer so how can they really check what mileage you've covered.
In a lot of cases the answers to the questions "How many miles will I drive?" will be totally different to "How many miles will I drive in the insured car?" and "How many miles will the insured car cover?"
I, in common with a lot of people, use more than one vehicle on more than one insurance policy and several people are allowed to drive my 'car' on their own policy.
So, depending how the question is worded on the application the answers could be for example - 50k, 8k or 8+k.
BB
In a lot of cases the answers to the questions "How many miles will I drive?" will be totally different to "How many miles will I drive in the insured car?" and "How many miles will the insured car cover?"
I, in common with a lot of people, use more than one vehicle on more than one insurance policy and several people are allowed to drive my 'car' on their own policy.
So, depending how the question is worded on the application the answers could be for example - 50k, 8k or 8+k.
BB
You normally declare the milage at the beginning of the policy. If they don't ask you, or you lie it's not their liability. Read the small print, you will probably find that you are covered to the legal minimum regardless of milage declaration but if you want the fully comprehensive agreed value gold service you better be whiter than white! Like fruit machines, they are in the business of collecting money and only paying out only when they have to by law!
There are sound ways around the limited mileage thing but I'm not going to divulge them! The effort to avoid the minimal premium isn't worth the gain and I'm not generally holier than though.
There are sound ways around the limited mileage thing but I'm not going to divulge them! The effort to avoid the minimal premium isn't worth the gain and I'm not generally holier than though.
All very interesting, at the end of the day though, I want to make sure I am covered belt and braces, with no legal loopholes for the insurance comanies to wriggle out of.
Re the point about the car being less than 3 years old and hense no MOT's, what if you declared less than 8000 miles a year, had a ginormous crunch in the first half of year 3, and the insurance boys discovered your milage was say 45,000, wouldn't that be sufficient to say "Sorry you seem to be exceeding your 8000 miles per year by quite a bit" and wriggle out of paying?
Surely if you make a false declaration they can opt out of paying, like declaring no points, or no disabilities etc etc.
Re the point about the car being less than 3 years old and hense no MOT's, what if you declared less than 8000 miles a year, had a ginormous crunch in the first half of year 3, and the insurance boys discovered your milage was say 45,000, wouldn't that be sufficient to say "Sorry you seem to be exceeding your 8000 miles per year by quite a bit" and wriggle out of paying?
Surely if you make a false declaration they can opt out of paying, like declaring no points, or no disabilities etc etc.
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