Points on your licence? Fear not!!!
- Thread starter godinman
- Start date
I've got 9 points, so that sounds like a great scheme.
Bit sceptical how robust the insurance contrract would be if you ever had to claim under the terms of the indemnity, and clearly its not subject to the same regulation as in E&W. Bringing proceedings against a company in the Isle of Man gives rise to jurisdictional complications as far as I'm aware.
That said, although its a small company underwriting the insurance, its doesn't seem to be a mickey mouse company: http://www.ioma.co.im/ContactUs.aspx
Don't see how they make any money from this though. Someone on 6 points, gets another 6 points and a ban, claims £15,000 for a £125 premium and they're seriously out of pocket. And the type of people buying these policies are pretty likely to be claiming under them.
I'm going to look at this in more detail and the T&Cs tomorrow.
Bit sceptical how robust the insurance contrract would be if you ever had to claim under the terms of the indemnity, and clearly its not subject to the same regulation as in E&W. Bringing proceedings against a company in the Isle of Man gives rise to jurisdictional complications as far as I'm aware.
That said, although its a small company underwriting the insurance, its doesn't seem to be a mickey mouse company: http://www.ioma.co.im/ContactUs.aspx
Don't see how they make any money from this though. Someone on 6 points, gets another 6 points and a ban, claims £15,000 for a £125 premium and they're seriously out of pocket. And the type of people buying these policies are pretty likely to be claiming under them.
I'm going to look at this in more detail and the T&Cs tomorrow.
Last edited:
They're obviously banking on only one in every, say, 150 policies paying out, which doesn't sound too unreasonable at first.
But that's not going to happen, anyone with common sense and a relatively clean license would rather spend the 125 quid elsewhere. It'll only be the divs with 9 points already, who can't figure out speed limits or think answering that phone call is totally worth the risk who will fall for it - so I suspect the number of claims would be much higher.
If it was risk assessed and regulated like normal insurance, it would probably work, but the premiums would be higher for those who would need it and the payouts would probably be lower
But that's not going to happen, anyone with common sense and a relatively clean license would rather spend the 125 quid elsewhere. It'll only be the divs with 9 points already, who can't figure out speed limits or think answering that phone call is totally worth the risk who will fall for it - so I suspect the number of claims would be much higher.
If it was risk assessed and regulated like normal insurance, it would probably work, but the premiums would be higher for those who would need it and the payouts would probably be lower
Anyone driving 25k a year across the country, on roads which they don't know is at a very high risk of accumulating speed camera points over several years. Very very easy to do.
Obviously, the people who drive 1 mile down the road a couple of times a week because they're too lazy to walk won't understand that.
And speaking from the point of view of somebody who does double that on roads I'm unfamiliar with, sticking to the limits is even easier!
Sticking to speed limits is easy, regardless of how many miles you do. You just look at the needle pointing at a number in front if you and look at the big signs with numbers on them.
You only end up getting speeding tickets by accident if you're not paying enough attention
You only end up getting speeding tickets by accident if you're not paying enough attention
Or a greater power forces your foot down on the accelerator, like what happened to me!!! I was of course obviously innocent of that and wrongly beaten by that magistrate.
Of course
In all seriousness, you knew you were over the limit and you took the punishment. It's the "accidental" tickets that I don't buy
Fixed.
Last edited:
Unless its a requirement of the job like R124, what spanner drives everywhere exactly at the designated speed limit all of the time?
Completely unrealistic. Open motorway, clear day, I'm three figuring.
I do. At speed limit or under, depending on the traffic. You see, I'm one of those (apparently rare) people who are actually capable of doing this rather convenient thing called "time management". The basics of it are this: set off on your journey early enough so that you're not in such a damn hurry to get where you're going. It works surprisingly well, you should give it a go some day.
Get caught doing three figure speeds and you'll either get a driving ban or an horrific fine, depending on whether you need your license for your job or not. However, I do wish we had autobahns where you could legally go as fast as you want.
I'm awesome at time management, but arriving anywhere earlier than expected is always a bonus, if a few laws are fractured in the process so be it, I would expect that 99-100% of this forum break the law (no matter how small) within a 100mile collective journey.
hell it probably takes me on average 10-20 seconds....
Fair enough, we all go slightly over the limit when the situation calls for it. But you don't get points for going slightly over the limit, you get points for going much faster than the limit. And to have been caught doing that three times in a given three year bracket, to get 9 points... Well that's just daft.