Insurance nightmare - please offer advice!
Discussion
I've been with RK Harrison for 5 years or so. Insured several Ferraris (CS, 430, etc) and Lamborghinis (Gallardos) through them along with my Z4M.
I'm 30 now and my yearly premium for a CS and Z4M has been around £2k.
The issue is.. 6 months ago, I had 2 x NO fault claims on my Z4M (someone drove into my rear bumper, witness took details, someone drove into front bumper on another occasion, CCTV caught details). In both cases their insurers paid for the work with no cost on my policy. However, through some bad "luck", while the car was being repaired, I was driving the curtosy car and someone pulled out in front of me without looking (from a side junction), someone who didnt stop to leave details (only abuse) and it turned out the plate on his car was for something else entirely (cloned plate) and he wasnt insured. As such, I had to pay £500 excess to get £11k worth of damage on the Boxster repaired.
At this point, my renewal is up, and while I was given indication it would be 10-15% higher premium, the same insurer is quoting £5100 (250% higher!) for the Z4M only. Other insurers through RK Harrison are refusing to quote (AIG, Hiscox) and have suggested that while theyre all no fault, its not the "profile" they want. I can appreciate this, although it was PURE coincidence these happened in short succession and I've not had any other accidents with the supercars or otherwise in 5 years.
The high street insurers will likely be a lot more as always. I basically need an understanding underwriter who understands that while the Boxster damage was technically a "fault claim" there are mitigating circumstances (non insured other driver who was at fault if not on paper)
Insurance runs out at midnight this evening!
Can anyone offer me any advice on an alternative specialist insurer?
I'm 30 now and my yearly premium for a CS and Z4M has been around £2k.
The issue is.. 6 months ago, I had 2 x NO fault claims on my Z4M (someone drove into my rear bumper, witness took details, someone drove into front bumper on another occasion, CCTV caught details). In both cases their insurers paid for the work with no cost on my policy. However, through some bad "luck", while the car was being repaired, I was driving the curtosy car and someone pulled out in front of me without looking (from a side junction), someone who didnt stop to leave details (only abuse) and it turned out the plate on his car was for something else entirely (cloned plate) and he wasnt insured. As such, I had to pay £500 excess to get £11k worth of damage on the Boxster repaired.
At this point, my renewal is up, and while I was given indication it would be 10-15% higher premium, the same insurer is quoting £5100 (250% higher!) for the Z4M only. Other insurers through RK Harrison are refusing to quote (AIG, Hiscox) and have suggested that while theyre all no fault, its not the "profile" they want. I can appreciate this, although it was PURE coincidence these happened in short succession and I've not had any other accidents with the supercars or otherwise in 5 years.
The high street insurers will likely be a lot more as always. I basically need an understanding underwriter who understands that while the Boxster damage was technically a "fault claim" there are mitigating circumstances (non insured other driver who was at fault if not on paper)
Insurance runs out at midnight this evening!
Can anyone offer me any advice on an alternative specialist insurer?
I had a big claim in 2013 and none of the specialist insurers would touch me afterwards. In the end I went with Admiral for £950 on the F430 (was paying £650 on the 360 with Locktons previously).
I know people carp on abut how high street insurers are a nightmare when paying out on exotica but I found the same was true for Chubb.
I know people carp on abut how high street insurers are a nightmare when paying out on exotica but I found the same was true for Chubb.
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