Policy Excess

Kev · Post by **Kev** » Thu Feb 22, 2007 2:47 pm

Just trying to organise my renewal for the elise and just spoke to A-plan, they asked for the excess I have at the moment and who its insured with, which is £100 excess and Admiral. He said thats impossible! No one would insure an elise with just £100 excess. Looked at my paperwork and its def £100 unless its a fire and/or theft claim which makes it £150. Anybody else heard of this?

r055 · Post by **r055** » Thu Feb 22, 2007 3:20 pm

im sure mine is £250 - elephant

Kev · Post by **Kev** » Thu Feb 22, 2007 3:58 pm

Well A-plan phoned me back with my quote, which was £759 with £350 excess, still adamant that its impossible to insure an Elise with £100 excess. So phoned Admiral to see what they could do and double check my excess, my renewal was £803.50 with £100 excess, but they changed my excess to £350 and it came out at £751. So for the sake of £50 I think I'll stick with my renewal. At least if I have to claim it will only cost £903.50 compared to £1101.

Admiral it is

Oh thats for 26yrs old, 8yrs NCB protected, no claims or convictions, induction kit mod and parked in car park.

robin · Post by **robin** » Fri Feb 23, 2007 9:43 am

It'll cost you a lot more than that if you have to claim - even with protected NCB and a no fault claim your premium will rise in future years - so unfair, but there you go.

I might be inclined to minimise my outlay on insurance now, save the difference in a bank account and then raid it when you crash - though at five years to break even, it's probably swings and roundabouts ...

Cheers,
Robin