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From: Adrian Brentnall on 2 Jul 2010 17:07
HI Folks

Just a cautionary tale....

When I reinsured my '64 Moggie Traveller back in May, I knew that I was
going to sell her soon - but, as Tesco had suddenly changed their
Insurance company, I ended up with Carole Nash, who gave a competitive
quote of 213 euro for the year.

Today the car sold, so I rang up the insurers, imagining that, (like
every other insurer I've dealt with in the last 35 years I've been
driving), they'd refund me the outstanding 10 months on the policy.

Turns out that they won't. In the small print in the T's & C's (a glossy
24-page booklet) it says

"Your insurance policy has been arranged for a period of 12 months, and
you are required to pay the full premium. If you cancel the insurance
before the expiry date, other than in accordance with the (conditions)
above, no premium will be returned"

Bother!

I guess this is a warning to read all of the Terms & Conditions in the
24-page booklet, when you take out your insurance - but how many of us
do this ?
Kind of a moot point, really, as the docs only turn up _after_ you've
parted with the cash via your credit card...

It's bad enough having to part with the beloved Mog - but to get
fleeced for 200 euro of insurance I'm not going to use - well - that's
adding insult to injury!

Adrian
From: Indy Jess John on 2 Jul 2010 17:44
Adrian Brentnall wrote:
> HI Folks
>
> Just a cautionary tale....
>
> When I reinsured my '64 Moggie Traveller back in May, I knew that I was
> going to sell her soon - but, as Tesco had suddenly changed their
> Insurance company, I ended up with Carole Nash, who gave a competitive
> quote of 213 euro for the year.
>
> Today the car sold, so I rang up the insurers, imagining that, (like
> every other insurer I've dealt with in the last 35 years I've been
> driving), they'd refund me the outstanding 10 months on the policy.
>
> Turns out that they won't. In the small print in the T's & C's (a glossy
> 24-page booklet) it says
>
> "Your insurance policy has been arranged for a period of 12 months, and
> you are required to pay the full premium. If you cancel the insurance
> before the expiry date, other than in accordance with the (conditions)
> above, no premium will be returned"
>
> Bother!
>
> I guess this is a warning to read all of the Terms & Conditions in the
> 24-page booklet, when you take out your insurance - but how many of us
> do this ?
> Kind of a moot point, really, as the docs only turn up _after_ you've
> parted with the cash via your credit card...
>
> It's bad enough having to part with the beloved Mog - but to get
> fleeced for 200 euro of insurance I'm not going to use - well - that's
> adding insult to injury!
>
> Adrian

I can't be bothered to look it up, but I am fairly certain Footman James
have a similar clause. I didn't get anything back when I got rid of one
of the two Triumphs on my policy, but then it only had 5 weeks to
renewal so I didn't worry about it.

Jim
From: Jerry on 3 Jul 2010 04:34

"Adrian Brentnall" <adrian(a)ambquality.co.uk> wrote in message
news:i0lkdv$cnn$1(a)news.eternal-september.org...

<snip>
: Kind of a moot point, really, as the docs only turn up _after_
you've
: parted with the cash via your credit card...
:

Not at all moot ITYWF, distance selling and payment via credit
card are the operatives here - the "Cooling off" period, although
you only have a limited time to read the small (and not so small)
print [1], which you need to do anyway to know exactly what your
insurance actually covers...

[1] also most if not all insurance companies have their small
print on their websites anyway --
Regards, Jerry.


From: Willy Eckerslyke on 6 Jul 2010 03:53
Indy Jess John wrote:

> I can't be bothered to look it up, but I am fairly certain Footman James
> have a similar clause.

Yes I'm pretty sure they do. However, if you're changing to another
classic car, you won't lose out as much as they'll either allow you to
change the cover to a different vehicle or add it to the policy for a
small(ish) fee.
From: Richard Green on 6 Jul 2010 04:43
Hi,
I insured my (modest) classic car with Richard Hosken, and when I sold
the car and cancelled my policy I got a refund for the unused period.
Regards,
Richard

On 06/07/2010 08:53, Willy Eckerslyke wrote:
> Indy Jess John wrote:
>
>> I can't be bothered to look it up, but I am fairly certain Footman
>> James have a similar clause.
>
> Yes I'm pretty sure they do. However, if you're changing to another
> classic car, you won't lose out as much as they'll either allow you to
> change the cover to a different vehicle or add it to the policy for a
> small(ish) fee.

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