3rd Party insurance

jamoor

jamoor

jamoor

Soldato
Joined
22 Jun 2005
Posts
9,068
Location
Nottinghamshire
one of my friends at school was 17 in sept and passed in Dec.
He bought a 1.6 2002 ford focus for 7.5k :eek:
He put a decent sound system in it and that is all, 3 weeks ago he wrote it off, his parents were paying the insurance and it was 3rd party only, the car was sold to a scrapyard for £500
so he is out of pocket by around 7 grand.

Has anyone else done anything similar, would you insure a car worth 7.5k 3rd party??
TBH I cannot believe they insured it 3rd party only, the cheapskates.
 
im amazed that they were allowed to have TP only on a car valued at so much.

idiot insurers, idiot parents :]
 
extremely stupid, the price difference between TP and fully comp really isnt that much most of the time.

Tom.
 
rG-tom said:
extremely stupid, the price difference between TP and fully comp really isnt that much most of the time.

Tom.
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On my Focus i seem to remember it was around £250, so not too much compared to £7.5k. :p
 
Morba said:
im amazed that they were allowed to have TP only on a car valued at so much.

idiot insurers, idiot parents :]
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Why are the insurers idiots though?
They made their money, he crashed into a wall which wrote the car off, the wall owners got money from the insurance company and is it true that he cant now cancel the policy?
 
I wrote off a Zx6r on 3rd party. Was probably worth about 3.5k at the time and I sold the remains for very little. It was actuallly rebuilt by a forum member on here but I think he didn't make any profit on it at the end of the day.
At the time I wasn't too bothered as a claim would probably have meant a similar bike would become uninsurable but looking back on it now I wish I'd still had it fully comp as I did in the first two years of owning it.

I did have a lots of folks offer to remove it from my drive though so I could claim for theft, but I'm just too honest for that sort of thing :(
 
wesley said:
i thought most insurance companies wouldnt insure 3rd parth on cars if valued more than £4k so something wrong there
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Yeah, when I changed my insurance last week the woman said that I had to change to FC as the car is over £5k. Maybe he told some porky pies to try and get a cheaper premium?
 
Cost New ('02) £ 11745
Franchised Dealer £ 5220
Independent Dealer £ 4915
Private Good £ 4565
Private Poor £ 3785
Part Exchange £ 4265

He paid 6.5 grand, or so he claims the car is worth a shade under 5k
 
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