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.
 
Morba said:
im amazed that they were allowed to have TP only on a car valued at so much.

idiot insurers, idiot parents :]
Click to expand...

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?
 
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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