Insurance Warning

Insurance Warning

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Cerbera2004

Original Poster:

5,161 posts

253 months

Monday 9th June 2003
quotequote all
Been getting quotes on a 4.2 Cerbera over the last month and initially Sunninghill came up with a very nice £513.00 with £250 Excess.

However, as of June 1st, they can no longer offer the old deal.
Same car is now £878.00 with £500 excess

Seems they have had 3 million pounds of Tuscan claims in the last year...

Having spoken to the so called specialists, who now comes out with the best price???

TESCO!

£736.00 with £250 excess

You could all be in for a shock next time around, so start saving!

ocean1

1,045 posts

262 months

Monday 9th June 2003
quotequote all
Try A Manning, by far the cheapest for me. You do need to join the TVR Owners Club.

Ocean1

Cerbera2004

Original Poster:

5,161 posts

253 months

Monday 9th June 2003
quotequote all

ocean1 said: Try A Manning, by far the cheapest for me. You do need to join the TVR Owners Club.

Ocean1

Not in the Club (oo err) but they had quoted £966.00 with £500 excess

gazzab

21,137 posts

284 months

Monday 9th June 2003
quotequote all
Tesco is just a white labelling (branding) of Privilige. They are a few % cheaper than Priv.
Brokers can get good deals that include trackdays and sharing no claims bonus between cars.
so the cheapest premium isnt always the best deal.

rude girl

6,937 posts

261 months

Monday 9th June 2003
quotequote all
Check what you're getting on the quote. When I got a quote from Tesco, AA cover was extra, and track day cover wasn't an option at all. Mannings only cover TVRCC track days (which are a lot more expensive than some non-CC track days). The difference in price between a TVRCC track day and a TMS one would cover the difference in your premium.

daver

1,209 posts

286 months

Monday 9th June 2003
quotequote all


Seems they have had 3 million pounds of Tuscan claims in the last year...

Err, even allowing for £50k per Tuscan claim (assuming that they were all completely written off) doesn't that equate to 60 whole cars? Can't be right.

jonnie5

716 posts

255 months

Monday 9th June 2003
quotequote all

daver said:


Seems they have had 3 million pounds of Tuscan claims in the last year...

Err, even allowing for £50k per Tuscan claim (assuming that they were all completely written off) doesn't that equate to 60 whole cars? Can't be right.


depends on what they hit

Andy SIBL

144 posts

259 months

Monday 9th June 2003
quotequote all
I work for Sunninghill and I think 3 million is a bit of an exageration, but it is fair to say that the Tuscans have dwarfed all the other models put together when it comes to claims. I'll try to find out some figures if anyone is interested.

Unfortunately these claims have lead to the underwriters revisiting the rating of our scheme, the idea being that they will charge more for adverse risks and driver profiles, if someone is 'squeaky' clean nothing should have changed much.

Well that's the idea anyway.....

Andy

Andy SIBL

144 posts

259 months

Monday 9th June 2003
quotequote all

jonnie5 said:

daver said:


Seems they have had 3 million pounds of Tuscan claims in the last year...

Err, even allowing for £50k per Tuscan claim (assuming that they were all completely written off) doesn't that equate to 60 whole cars? Can't be right.


depends on what they hit


We do have a rather impressive claim on our account for about 2m at the moment, but the undweriters see this as a 'freak' occurence and do not incorporate this into their figures.

Cerbera2004

Original Poster:

5,161 posts

253 months

Monday 9th June 2003
quotequote all

Andy SIBL said:..if someone is 'squeaky' clean nothing should have changed much.

Well that's the idea anyway.....

Andy
Sadly the idea is not working...
I'm 40, a company director, 18 years no claims etc etc
and it jumped £365 plus and extra £250 excess in two weeks.

Perhaps you can pass that back, they lost me as a
customer and will no doubt lose many more, but then again, if all TVR owners are now branded 'high risk' as it seems, do they care?

rico

7,916 posts

257 months

Monday 9th June 2003
quotequote all

Andy SIBL said: We do have a rather impressive claim on our account for about 2m at the moment, but the undweriters see this as a 'freak' occurence and do not incorporate this into their figures.




What happened?!?

Andy SIBL

144 posts

259 months

Monday 9th June 2003
quotequote all

rico said:

Andy SIBL said: We do have a rather impressive claim on our account for about 2m at the moment, but the undweriters see this as a 'freak' occurence and do not incorporate this into their figures.




What happened?!?


Not sure I want to go into great detail, especialy in light of Stas's very recent tragic loss.

It is basically a rather large third party injury case, details of which do not make light reading. Unfortunately these things happen, which is one of the reasons we have insurance.

Andy

T88CAN

3,474 posts

259 months

Monday 9th June 2003
quotequote all
TESCO unfortunatly i have a problem with them at the moment (legal? but not insurance) and you may want to read this www.pistonheads.com/gassing/topic.asp? thread regarding a TESCO claim (i hope that worked) As the old saying goes your insurance company are only as good as the last claim ? or something like that. Tony
no the link didn,t work try the Tuscan forum about mk1 and mk2 chassis

>> Edited by T88CAN on Monday 9th June 17:11

Cerbera2004

Original Poster:

5,161 posts

253 months

Monday 9th June 2003
quotequote all
Thanks for the feedback folks.
So far on your advice, Tesco have been ditched (yes no track days, only 3 days overseas cover, and a £160 hike for one modifcation.)

Current race leaders are now Peart.

Anyone want to tell me any different?

markys

612 posts

259 months

Monday 9th June 2003
quotequote all
Who does 2nd car policy's, want to keep the scoob as well as a cerby hopefully.

mudstud

249 posts

262 months

Monday 9th June 2003
quotequote all
Norwich union direct did me the best quote back in Sept. +/- £ 600 including business use. Not too sure about the track day situation. I paid an extra £40 as the exhaust was non standard non catalytic!

Andy SIBL

144 posts

259 months

Tuesday 10th June 2003
quotequote all

mudstud said: Norwich union direct did me the best quote back in Sept. +/- £ 600 including business use. Not too sure about the track day situation. I paid an extra £40 as the exhaust was non standard non catalytic!


Norwich Union will do trackdays on request, but you have to pay per event, I'm not sure how much this is, it's worth checking though.

Andy

jonnie5

716 posts

255 months

Tuesday 10th June 2003
quotequote all
If you're using it as a second car you could consider a limited mileage policy. I have one with Classic Line - 5000 miles pa for £450 with no NCB

dannylt

1,906 posts

286 months

Tuesday 10th June 2003
quotequote all
Sunninghill include track day cover, or used to. This certainly makes up for a few hundred pounds extra if you're planning on doing any.

danyn

Cerbera2004

Original Poster:

5,161 posts

253 months

Monday 23rd June 2003
quotequote all
Settled with Peart - £660