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Author Topic: Project Insurance  (Read 2079 times)

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Jimbob

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Project Insurance
« on: 11 September 2007, 12:10:13 »
What do you lot do with regards to insuring project cars?
 
Use dayinsure for when it needs moving?
Insure as another car in your family?
dont bother (but then what about test drives etc?)
Trade insurance (don't know how that works)
 
Cheers
 
I may just be tempted for a car to fix to learn on, that I can leave as I don't need it day to day.
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Dazzler

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Re: Project Insurance
« Reply #1 on: 11 September 2007, 12:11:56 »
Once mine was nearly ready to go on the road i insured it in its own right but on a limited mileage policy so the premium was less.
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Jimbob

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Re: Project Insurance
« Reply #2 on: 11 September 2007, 12:14:30 »
Quote
Once mine was nearly ready to go on the road i insured it in its own right but on a limited mileage policy so the premium was less.

Cunning, what sort of price was that?
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Markie

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Re: Project Insurance
« Reply #3 on: 11 September 2007, 13:00:43 »
I dont bother untill they are ready to go, all mine are locked away and offroad  ;)
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tunnie

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Re: Project Insurance
« Reply #4 on: 11 September 2007, 14:18:47 »
do it Jimbob, i learnt quite a few things on project cars.

To get the Elite LPG back i put it on day insure.com, its gone up now, but still only £12.60 per day.

Its been un-insured for a few weeks now, but since its nearly in a moving state again, gone for insurance.

Check if your policy covers you to drive uninsured cars, that way your safe to drive. but it will be un-insured on your driveway.... depends how safe your area is.
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Jimbob

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Re: Project Insurance
« Reply #5 on: 11 September 2007, 15:05:05 »
Cheers all, esp Tunnie....
Got me thinking....

I'm with Direct Line, and have cover to drive ANYONE elses care, with their permission.
no mention in the policy if THEY have to be insuring the car or not....

So I rang them up.

Providing I DONT own the car, I can drive it under my policy, whether or not the owner has insurance covering it.

So, as long as I get Mrs Jimbob to 'own' the car, I can drive it quite happily (and Legally) :)
Obviously only 3rd party though.
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Jimbob

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Re: Project Insurance
« Reply #6 on: 11 September 2007, 15:15:31 »
Thats got me thinking, 1 hell of a loophole...

Assuming All I want is to drive legally & cheaply and 3rd party only...

I and wife, each buy a 1 litre 10 year old fiesta and store em somewhere
Each insure em, on a policy which lets us drive any other persons car 3rd party
I buy ME the the meega of HER choice
she buys HER the meega of MY choice.


We both drive around (in 'each others' cars) , 3rd party insured for £dirt cheap!

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tunnie

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Re: Project Insurance
« Reply #7 on: 11 September 2007, 15:22:28 »
nice idea that!  :y

Make Sense on Omega's as they are worth sod all anyway so full comp insurance is not always needed!

Down side is that if the car is damaged in a carpark without you in it, you will not be covered. Same if its nicked off the driveway...
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Markie

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Re: Project Insurance
« Reply #8 on: 11 September 2007, 15:24:04 »
Hmmmm

currently exploring the avenue of trade insurance as my projects are about to expand  ;) ;)

Provisionally trade insurance is going to cost me around £750 - which considoring my two omegas cost me £650 and they are included....

Any one got / have experience of trade insurance?
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tunnie

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Re: Project Insurance
« Reply #9 on: 11 September 2007, 15:26:16 »
Quote
Hmmmm

currently exploring the avenue of trade insurance as my projects are about to expand  ;) ;)

Provisionally trade insurance is going to cost me around £750 - which considoring my two omegas cost me £650 and they are included....

Any one got / have experience of trade insurance?

Fin has, he pays around £350 for his trade insurance!  :o
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Markie

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Re: Project Insurance
« Reply #10 on: 11 September 2007, 15:28:31 »
Quote
Quote
Hmmmm

currently exploring the avenue of trade insurance as my projects are about to expand  ;) ;)

Provisionally trade insurance is going to cost me around £750 - which considoring my two omegas cost me £650 and they are included....

Any one got / have experience of trade insurance?

Fin has, he pays around £350 for his trade insurance!  :o

 :o does that cover his own car...i wonder... :-/
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hotel21

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Re: Project Insurance
« Reply #11 on: 11 September 2007, 15:30:12 »
Quote
Thats got me thinking, 1 hell of a loophole...

Assuming All I want is to drive legally & cheaply and 3rd party only...

I and wife, each buy a 1 litre 10 year old fiesta and store em somewhere
Each insure em, on a policy which lets us drive any other persons car 3rd party
I buy ME the the meega of HER choice
she buys HER the meega of MY choice.


We both drive around (in 'each others' cars) , 3rd party insured for £dirt cheap!




However............. >:(

You are only notionally insured in this other vehicle whilst your backside is in the drivers seat.  As soon as you step out and stand on the public road, it is uninsured and Plod can deal with owner causing or permitting uninsured car to be on a public road.

£200 and 6 points, please, you are now halfway to a ban....   ;)

Take care....... :-X
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JamesV6CDX

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Re: Project Insurance
« Reply #12 on: 11 September 2007, 15:42:45 »
Quote
Quote
Thats got me thinking, 1 hell of a loophole...

Assuming All I want is to drive legally & cheaply and 3rd party only...

I and wife, each buy a 1 litre 10 year old fiesta and store em somewhere
Each insure em, on a policy which lets us drive any other persons car 3rd party
I buy ME the the meega of HER choice
she buys HER the meega of MY choice.


We both drive around (in 'each others' cars) , 3rd party insured for £dirt cheap!




However............. >:(

You are only notionally insured in this other vehicle whilst your backside is in the drivers seat.  As soon as you step out and stand on the public road, it is uninsured and Plod can deal with owner causing or permitting uninsured car to be on a public road.

£200 and 6 points, please, you are now halfway to a ban....   ;)

Take care....... :-X

I agree...

Also, I thought the insurance only covers you to drive someone elses car, if they also hold insurance for that car?
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Danny

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Re: Project Insurance
« Reply #13 on: 11 September 2007, 15:52:28 »
Quote
Quote
Thats got me thinking, 1 hell of a loophole...

Assuming All I want is to drive legally & cheaply and 3rd party only...

I and wife, each buy a 1 litre 10 year old fiesta and store em somewhere
Each insure em, on a policy which lets us drive any other persons car 3rd party
I buy ME the the meega of HER choice
she buys HER the meega of MY choice.


We both drive around (in 'each others' cars) , 3rd party insured for £dirt cheap!




However............. >:(

You are only notionally insured in this other vehicle whilst your backside is in the drivers seat.  As soon as you step out and stand on the public road, it is uninsured and Plod can deal with owner causing or permitting uninsured car to be on a public road.

£200 and 6 points, please, you are now halfway to a ban....   ;)

Take care....... :-X

....meaning you're only safe to get out of your car if you park it on private land...?
« Last Edit: 11 September 2007, 15:52:58 by D4NNY »
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Jimbob

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Re: Project Insurance
« Reply #14 on: 11 September 2007, 16:02:26 »
Thought there would have to be a down side.

But the legalities of getting the car home and test driven are enough.

Now i've seen the car....

W reg CDX facelift saloon, dark blue, cloth, all in all quite tidy, 150000 miles

For the price I expected some sort of mechanical issue, but think the price of £1000 is just down to the mileage.
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