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vodka tester
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476 Posts
Discussion Starter #1
i am a member of the caterham car club and at the moment they are trying to do a deal with an insurance company whick looks almost to good to be true, the premium will be about £1,000 a year but for that they will cover up two 5 cars and 5 bikes for me and the wife to both drive fully comp with a few bits thrown in for free....


1) agreed value, even for newer cars.
2) salvage retention, so you can keep the car, if it's a write off, to rebuild.
3) club trackdays covered for free, subject to the usual increase in excess
4) windscreen cover
5) EU cover
6) breakdown cover
7) legal protection

I would then suggest that the following would be available as extra cost options for those that want them.

1) agreed value for other cars under the policy.
2) salvage retention on other cars.
3) non club trackdays
4) trackdays for other cars
5) trailers
6) reinstatement cover which means the insurer pays up to 25% or 50% more than the market value. For example, if the cars market value was £10000, it would be written off if the repairs are £11000. It may cost you, however, £15000 to buy another car and reinstate it to the spec of the one you had. This would allow you to keep the car and repair it instead.

does this seem a good deal ? would it be of any interest to anyone on here ?
(club membership is only £37 so even with that it seems a good deal)

we have worked out we pay about £2,000 a year to insure all our toys.


Roy
 
L

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Guest
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It's a good deal as even trade policies (which have a lot more restriction on them) is the same price or dearer.

Kymmy
 

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Ninja Thread Hijacker
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2,978 Posts
Sounds pretty value good to me.

Can you join the Caterham Club even if you don't own one ????
 

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"call me lucky"
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728 Posts
if it sounds too good to be true, it usualy is.


always read the small print


insurance brokers are only one step up from ambulance chasing solicitors.:mad:
 

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Kymmy accepts no responsibility for this blondes c
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2,075 Posts
cant comment on what the cost would be as we dont use this particular policy but tradex as a company come highly recommended by several company's we work with, i was looking at switching our individual car/bike policies over next year (but to a motor-trade policy) as were now having to insure quite a few vehicles at once and drive customers vehicles aswell... be interested to know what they say if the vehicles are not as per manufactures spec (modified's)!
 

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Ninja Thread Hijacker
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2,978 Posts
insurance brokers are only one step up from ambulance chasing solicitors.:mad:
But I've generally lost them before the first hairpin :D
 
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