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Post Info TOPIC: Insurance? Something must be wrong?


Champion

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Insurance? Something must be wrong?


Just got my renewal through from Carol Nash for two bikes worth £2500 each (77 trail bike) fully comp with limited mileage but........... for £28!! It's got to cost them more to.process it than that that! Still I'm not complaining!  



-- Edited by devondan on Tuesday 24th of January 2017 10:09:58 PM

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Clubman B

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That does sound too cheap. I guess your a good risk. I thought most insurers had a minimum premium of £75 ish.
Are you sure that's not just their renewal admin fee for the pleasure of taking your money?

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Champion

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Don't think so but .... will re read it!

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Champion

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I re read it, I was wrong, the renewal isn't £28, .......... it's £28.50!

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Devon's Best

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Wow

I'm with bennetts and the same thing has another 0 on itcry



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Clubman B

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Pay it quick and in a few weeks call them to make sure they've got everything right.

To me it seems too low. and i mean unbelievably low. I hope its right and not just the monthly premium!

Out of curiosity what was the price last time around?
if it was considerably more then the chances are there is a mistake somewhere. if it was only £50 last year then maybe not. if it was £200 then clearly there is.


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Champion

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It was nearer £200 last year ...... I called them today, way down in the small print it shows that they had changed my policy to fire and theft only. It was previously fully comp. I suspect this happened when I told them the bikes were off the road, although I didn't tell them to change the policy! Revised quote for 2 bikes fully comp with no excess is £138 still good value in my book! But it pays to read the small print!
Dan

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Expert

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Still a good price for Fire and Theft.

Do you need Fully Comp?



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Champion

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The bikes are worth £4-5k together so I think so. Parts are also hard to find.

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Clubman B

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Bugger, but glad you spotted that.

I'm sure plod wouldn't have accepted it a genuine error!

Tribey, I think he meant "just" fire and theft ie no third party road cover,



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