Diana and Jackie Posted February 21, 2014 Author Share Posted February 21, 2014 An update: I have received several apologies from the broker in question. They have confirmed in writing to me that their refusal to insure the said vehicle does not mean I have to state that I was refused insurance elsewhere. Now to the nitty gritty and a warning to others who maybe insured with said insurer or others. They have stated that they would not insure the Spartan because it was on residential property and not kept in a garage or building. I have questioned the broker as to the logic in this given I have a Ferret parked on the same hard-standing, and the broker states that the insurer does not have to give a reason, which is illogical cop-out given that the likely hood of the Spartan being "acquired" is negligible. In fact there is more likely-hood from what I read on here of illegal acquisitions at War and Peace or in a barn. On top of which I have cameras overlooking the hard-standing. My pronunciation to insurers who do not understand what they are insuring and the risks or lack therof is wake up and smell the coffee! For a quote : 01543 675143 Glynwood Insurance Services Quote Link to comment Share on other sites More sharing options...
Minesweeper Posted February 21, 2014 Share Posted February 21, 2014 It is not always straight forward dealing with an Insurance Company over the telephone. I wanted to obtain a fresh quotation for Buildings Insurance - I telephoned - was asked my Post Code which I was able to give immediately. I was then told that as I live in a Flood Area, they would not be able to quote - and I thought very much off-hand and disinterested in my request. In actual fact, I live on a steep hill, quite a long way up. If we flood here, the world is coming to an end. I told the person that I did not live in a Flood Area, but towards the top of a hill. There is no flooding or history of it in this area. I was not believed - and that was the end of that. Not always possible in this day and age, but so much better to talk to somebody local who knows (in my case) the area and face to face. Very disappointing. Tony Quote Link to comment Share on other sites More sharing options...
Jack Posted February 21, 2014 Share Posted February 21, 2014 I was then told that as I live in a Flood Area, they would not be able to quote - and I thought very much off-hand and disinterested in my request. In actual fact, I live on a steep hill, quite a long way up. If we flood here, the world is coming to an end. I told the person that I did not live in a Flood Area, but towards the top of a hill. There is no flooding or history of it in this area. I was not believed - and that was the end of that. Tony I agree with that Tony. Having been your home - I wouldn't imagine the last time that was flooded was during the Cretaceous Period. Quote Link to comment Share on other sites More sharing options...
andym Posted February 21, 2014 Share Posted February 21, 2014 Insurance Brokers and Insurance Companies can be worlds apart at times.... No names mentioned - I had all my vehicles insured with one of the more well-known brokers for a couple of year before buying the OT-90. When I tried to add it to my policy the broker told me flat out "our insurance company won't touch tracked vehicles" - so I went else where with all my little fleet. Got a better quote from another broker even with the OT so went with them and when I got the paperwork through - lo and behold - it was with the same insurance company!! In that scenario I'd be wondering if my policy was actually worth the paper it's written on. How do you which broker was wrong? Andy Quote Link to comment Share on other sites More sharing options...
arcot1751 Posted February 21, 2014 Share Posted February 21, 2014 This topic could run and run, what is apparent is insurers are free to insure who they perceive to be worth the risk, some people are less than honest when insuring their vehicle but these days everyone's driving history and insurance record is available to insurance companies at the touch of a button. I have used the insurance company at the centre of this for many years and have had NO trouble whatsoever. I have in that time unfortunately had to make a claim which was dealt with extremely promptly and with no hassle whatsoever. A certain well known company has recently decided not to insure American vehicles yet they are still advertising as Military Vehicle insurers ?? Seeing as at least 50% of the vehicles we see at 40's events are of American origin it makes me wonder at the logic of losing 50% of their customer base for no apparent reason. The company advertising on the rear of this months MVT magazine is the same as ALL insurers, perfectly within their rights to decline cover should they wish to do so, sometimes this is hard to take but it is up to them they are the ones taking the risk after all. Times are changing and just because you think no one will bother to steal your impractical green machine doesn't mean they won't, metal is metal and if they will cut and remove power cables to hospitals they will take anything. We have a duty to look after and protect our kit and sometimes that means secure storage before an insurer will cover said vehicle. Ask yourself would an insurer be happy if you left your vintage Bentley outside overnight ? Not many would and better to find out before it's stolen than after the event and they use the excuse that "it wasn't in a secure garage" to get out of paying up. We all have a wide number of insurers to choose from and there will be some who are dear and some who are cheap unfortunately as with all things you get what you pay for, we often only find out just how good our chosen insurer is when it comes to a claim, then saving a few quid on the premium my come back and bite you !:red: Quote Link to comment Share on other sites More sharing options...
griff66 Posted February 21, 2014 Share Posted February 21, 2014 as a thumbs up for flux got ferret insured for 148 with breakdown and agreed value of 12k for just under 150 quid not to shabby! Quote Link to comment Share on other sites More sharing options...
singaeger Posted February 21, 2014 Share Posted February 21, 2014 Minesweeper Have a look at this link for sea or river flooding risk. http://watermaps.environment-agency.gov.uk/wiyby/wiyby.aspx?topic=floodmap#x=554489&y=174657&scale=11 or this one for rainfall risk http://watermaps.environment-agency.gov.uk/wiyby/wiyby.aspx?topic=ufmfsw#x=469696&y=179436&scale=3 In a nutshell, If there is anything blue in the area of your postcode......according the the insurance data base you are at risk of flooding. ive got the same problem, im near the River Thames but high on a steep hill...but only one insurance co will cover my house! singe Quote Link to comment Share on other sites More sharing options...
Tony B Posted February 21, 2014 Share Posted February 21, 2014 Um, I've just found out I'm in a medium flood area! Send for the WELLIES! :wow: Quote Link to comment Share on other sites More sharing options...
mike30841 Posted February 21, 2014 Share Posted February 21, 2014 Please let me state categorically that a broker declining to quote for a risk does not constitute being refused insurance, and you do not need to disclose this to your insurance company/broker. Only an insurance company (ie the underwriter) can refuse to insure someone. In this instance, the broker (RH Specialist insurance) have simply declined to offer a quotation, presumably because the risk falls outside the scope of their policy terms. I offer this comment with the backing of over 30 years experience in the insurance industry. Mike. Quote Link to comment Share on other sites More sharing options...
Diana and Jackie Posted March 3, 2014 Author Share Posted March 3, 2014 Today I received an apology from RH, in fact two. The first was for incorrectly ascertaining where the Spartan was to be parked and the second was for a misleading advert. It does come down to the brokers and underwriters not knowing the vehicles they insure and the risks they pose or not as the case maybe. If that is what is happening then how can they possibly provide a reasonable and sensible costing for an MV or for that matter classic car? Diana Hunting around for insurance for an Alvis Spartan I've had quite a few quotes, some very reasonable. Today for the first time ever I was refused a quote by a company that has a back full page spread in the most recent MVT magazine telling everyone how good they are and "we can tailor the cover to meet your needs" This is the first refusal of insurance I've ever had - clearly in my opinion, they are not up to the mark when it comes to Military Vehicles and the MVT needs review whether this company should be on advertising in their magazine. Now of course I have to declare I've been refused insurance on an Alvis Spartan, which most insurance brokers will not have a clue about. I may as well declare I've been refused cover on a spaceship :-) The best quote I've had comes in at £125 from a little known company called Glynwood Insurance Services. Diana Quote Link to comment Share on other sites More sharing options...
Grasshopper Posted March 4, 2014 Share Posted March 4, 2014 I currently have a Spartan, Scorpion, American truck and Ferret currently insured with that company and at one point they were stored between 3 sites. I'll be interested as to what they say come renewal time this year! Quote Link to comment Share on other sites More sharing options...
Marmite!! Posted March 5, 2014 Share Posted March 5, 2014 (edited) 25% Insurance discount for HMVF Members http://hmvf.co.uk/forumvb/showthread.php?43260-HMVF-Members-Insurance-Discount Edited March 5, 2014 by Marmite!! Quote Link to comment Share on other sites More sharing options...
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