Insurance - limited edition models
Discussion
Hi - bit of advice needed.
I'm looking at buying a limited edition Jaguar XKR. The limited edition comes with different bodykit, wheels, exhaust and suspension.
Do I need to declare these as modifications with insurance companies? Tried doing internet insurance quotes with and without modifications entered and it makes a huge difference in price and number of insurers.
Any ideas?
Cheers,
Chris
Surely the insurance company would list the car as a special edition or jsut put in the car reg and it should work.
My Focus was a special edition, the 'Collection' model. It was jsut a normal Zetec spec but with a body kit. It was an insurance group higher, 7 instead of 6. All insurance companies had it listed. Tho some thought it was a 1.4 CL.
My Focus was a special edition, the 'Collection' model. It was jsut a normal Zetec spec but with a body kit. It was an insurance group higher, 7 instead of 6. All insurance companies had it listed. Tho some thought it was a 1.4 CL.
Usually the insurer wiuld have it listed so you wouldnt have to declare them as they are standard fit.
Good example of this is with mini,s you can buy different upgrade options i.e. Salt, pepper and chilli upgrade, insurer i work for has these listed under the car model so the policyholder dosn't have to list all the differences from a standard mini.
Good example of this is with mini,s you can buy different upgrade options i.e. Salt, pepper and chilli upgrade, insurer i work for has these listed under the car model so the policyholder dosn't have to list all the differences from a standard mini.
This has been discussed many times, usually in SP&L forum, threads like 'do you declare factory options to insurance companies' etc (not being arsey here, but there is a wealth of information to satisfy your query if you're prepared to search for it. 
)
The best bet is to declare it anyway, as different insurance companies use different policies, and you don't want to get into the situation where they refuse to pay out due to non-declaration (although unlikely in this scenario I would have thought, are you really going to risk it for £60k's worth of car?)
)The best bet is to declare it anyway, as different insurance companies use different policies, and you don't want to get into the situation where they refuse to pay out due to non-declaration (although unlikely in this scenario I would have thought, are you really going to risk it for £60k's worth of car?)
monthefish said:
This has been discussed many times, usually in SP&L forum, threads like 'do you declare factory options to insurance companies' etc (not being arsey here, but there is a wealth of information to satisfy your query if you're prepared to search for it. )
The best bet is to declare it anyway, as different insurance companies use different policies, and you don't want to get into the situation where they refuse to pay out due to non-declaration (although unlikely in this scenario I would have thought, are you really going to risk it for £60k's worth of car?)
Sorry didn't think about looking in sp&l forum )The best bet is to declare it anyway, as different insurance companies use different policies, and you don't want to get into the situation where they refuse to pay out due to non-declaration (although unlikely in this scenario I would have thought, are you really going to risk it for £60k's worth of car?)
, and for some reason the search engine isn't working at the moment, but thanks for replies.What was worrying me that was the internet insurance companies were bring up the right car, but do not state LE or anything like that after the model number. Declaring the mods more that doubles the premium which makes it more than I would be prepared to pay on an annual basis.
Think I'll ring around a couple of main stealers and see what they suggest.
CHJ said:
Declaring the mods more that doubles the premium which makes it more than I would be prepared to pay on an annual basis.
Definitely shop around. That's crazy.
Alternatively, you can act dumb and put the onus onto the insurer - perhaps record the conversation when you say
"The car has not been modified in any way since leaving the factory, but it is a special edition but I'm not sure what exactly that means - I just liked the colour. Can you make sure you record that the car is a Jaguar XKR ---------- Special Edition"
What's the car out of interest?
100?
Silverstone?
75?
CHJ said:
Stratstone XKR - only 30 made.
I've spoken to Jaguar Stratstone Birmingham and they confirmed that because it is a dealer modified and badged Ltd edition, the changes must be declared to insurers.
Means I won't be buying it, but I suppose the bank manager will be happy
I think you need to pick up the phone first, and not take the search engine reults as gospel - the mods (some factory, some not) on my Griffith add £40 to my premium.I've spoken to Jaguar Stratstone Birmingham and they confirmed that because it is a dealer modified and badged Ltd edition, the changes must be declared to insurers.
Means I won't be buying it, but I suppose the bank manager will be happy
CHJ said:
Stratstone XKR - only 30 made.
I've spoken to Jaguar Stratstone Birmingham and they confirmed that because it is a dealer modified and badged Ltd edition, the changes must be declared to insurers.
Means I won't be buying it, but I suppose the bank manager will be happy
Speak to specialist insurers, don't bother with the mainstream weiners.I've spoken to Jaguar Stratstone Birmingham and they confirmed that because it is a dealer modified and badged Ltd edition, the changes must be declared to insurers.
Means I won't be buying it, but I suppose the bank manager will be happy
My car has various suspension, braking, intake and exhaust mods. With my specialist insurer it didn't put the premium up a jot.
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff