Help-Need insurance!

[burraston2006]

Long story so please bear with me!

 

Decided to get a giffer tastic Lexus LS400 waft barge. Problem being that my no claims are being used on my everyday car so can't get a quote. Tried the classic insurers: Footman-James and Lancaster and they won't touch it as it will not be over 20 years old ( also no no claims). Tried my regular insurer -they don't do multicar policies and they won't insure it as a second car as I'm using the no claims on my regular policy!

Who the heck can I get insurance with? I only want the waft barge as a 'sunday' car so don't want premiums higher than the value of the car! Can any of you shiters out there point me in the right direction?

I know insurers are all robbing bxstards but it would be nice to get a reasonable premium on this so I can put the pick rug and cushions on the back seat of a true peice of giffer shite!

[burraston2006]

Sorry forgot to put it through spell check!!

[Partridge]

Go compaaaaare!

 

http://www.gocompare.com/

[burraston2006]

Tried that! £800.00 quote for a £2k car! Robbing bxstards! The waftiness of the giffer barge will have to be a pipe dream unless something more reasonable turns up!

[nigel bickle]

Without knowing anything about you- I'd suggest Swintons, or a specialist broker.

[burraston2006]

Been toying with a traders policy. I know absolutely nothing about this but does it involve setting up a company and being VAT registered and all that jazz? or can anybody just set one up?

[Asimo]

My broker (A Plan)  arranged insurances that "mirrored" (their term for doing this) the max no-claims bonus I had on my existing policy.

 

So, I ensured the extra car and a van each on policies from different companies and each company gave me the same max no-claims bonus. Only restriction is that neither new policy could have no-claims protection.

 

You have to be assertive with brokers, the problem is often getting to speak to someone high-up enough to know the business and to make decisions. 

Tell them what you want, and make it clear that if they don't sort out what you want, they will lose the business.

[NorfolkNWeigh]

Basically anyone can set one up,no need for VAT etc......BUT, they are getting quite strict on proof of trading, mine has a whole page in the certificate about keeping a stock book,copies of ads etc ,to prove you're actually operating as a part-time trader. They reckon they can request to see this at any time, obviously if you had a claim then they'd want to see proof of trading or use it as an excuse to wriggle out of paying.

The other thing is the restrictions creeping in. Up until 10 years ago mine covered anything I'd got a licence for gradually things have become verboten , motor cycles,kit cars,lhd, and other stuff I've forgotten. The online update is handy for mid purposes, although I couldn't add a series 1 Land Rover recently,they did cover it when I phoned them though. On mine I've got business cover as a social worker for my wife ,which they hammer me for but for about £100 a month both of us are covered fully comp ( up to £15k) for anything,so it's peace of mind.

[burraston2006]

So could I 'sell' four cars a year to family and claim to be a trader? Can you invent the book stock and sales ( ghost adverts,dodgy receipts etc) or does there have to be hard proof (copies of logbooks etc?)?

This sounds like it could be the way forward. £100 a month for two of you sounds quite reasonable!

Just been on to Direct line- £1500! and Swintons were the same!

[dollywobbler]

Do remember that £100 a month is £1200 a year...

[skattrd]

I don't think a trade policy is the answer to your problem. Someone on here was recently saying that they had to show proof of trading 10 cars a year - and that means V5 changing hands, not just adverts. With traders policies don't forget that cars are insured at traders prices, not retail, there are other downsides too.

 

It sounds to me like you'd be better off with something you can put on a classic policy, like a Jag. The other alternative is changing insurers on your main car and getting a multi-car policy with someone else.

[smellmycheese]

why can't you put an LS400 on a classic policy? They came out in about 1990 so i thought as long as its over 20 years old.....

[Des]

As already said, you need to find a company who will mirror your NCB, I've found the comparison websites that advertise heavily will return more expensive quotes. Do a comparison or three entering your full NCB to get the figure you're looking for, you could then ring around the cheapest getting in early with the mirror question to save time and frustration and enjoy a days chatting with lying devious bastards.

[purplebargeken]

Peter Best all day long.

[NorfolkNWeigh]

Do remember that £100 a month is £1200 a year...

That seems like a bargain compared to £1500 a year I pay for my private hire insurance, in fact with , youngest daughters car, house,contents,life etc I give the insurance bastards about £5000 a year.

ALLINZEWRANTSRSHIT

[Stixy]

First of all i appologise for my bad grammar

 

Trade insurance is specificaly what it says , its for trade   and if your not "bona"  you wont be covered and if you ever tried to claim  they will find out  its not just a case of proof of trading they will expect to see you trading ,but the chances of any kind of payout are non existent anyway as when your trade you can fix your own mistakes and this is expected and reflected in the premium    . Its non genuine Traders that have fucked the system up for genuine traders.

 

Imagine this  , your in a que of slow moving traffic in your motor and you get hit up the arse by the car behind  and nudge the car infront and crack the bumper or dent the quarter   the vehicle damage could easily be  Ã‚£1000 and probably another 5k for whiplash ,  your insurance decides you are not "bona" and rejects the claim , unless you have the cash your only option is to fight the insurance company , but in the meantime the person you hit is has took on a no win no fee affair and  taking you to court  . And there is  the possibility of having your licence indorsed for no insurance cover.

 

I am a self employed mechanic and i used to have a trade policy  but i rarely drive other vehicles now  so i have switched to a multicar policy with bussiness cover and its costing me roughly the same and i can temporarily add cars if i need to 

 

Even with  insurance you get what you pay for ...if your lucky

 

  Find a good multicar policy and the cover is better anyway 

[gordonbennet]

If you've got a HGV or PSV licence or are a member of IAM, try Adelaide Insurance based in Belfast. hell try 'em anyway.

 

Just insured my MB (group 18 in the old groups where 20 was max), for £196 all in, fully comp commuting legal and protected.

[FredTransit]

you dont always get what you pay for, so you might as well pay as little as possible. My mate and mechanic paid £2.5k for a trade policy (inc recovery truck) yet his insurance paid out the other side EVEN though it wasnt his fault, and paid him sod all! He shopped round and got the same cover for a grand less.

Also, dont forget 'motor trade' isnt just buying and selling. Mechanics, valeters, ICE installers, paint sprayers and many more are all motor trade. None of the above involves buying and selling cars, but does mean you have to be insured to drive lots of vehicles. Invoices for valeting and reciepts for cleaning stuff should be proof of car valeting.

[Hertz]

I have advised about classicline insurance before, I always go around in circles come renewal time but always come back to them as they are the cheapest and best service by far! Obviously it depends on your own circumstances but give them a go.