![[TR]SweetSpotOz](/styles/overclockers/avatars/6.png){kind=avatar}
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Short Term Insurance for Performance Cars
- Thread starter [TR]SweetSpotOz
- Start date
Soldato
Indeed, you don't pay for the insurance, just an admin charge for setting up and then cancelling the insurance.
Do it properly or don't do it at all to be honest, it is fraud.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
There is every reason why - Admiral refuse to insure a car if it already has a private car insurance policy on it. I've tried before.
The 14 day cooling off period is just that - a cooling off period for changing your mind after you've taken the policy out. When you get a quotation, and subsequently convert this into a policy, you are providing information - one of these bits of information is that you wish to cover the vehicle for a period of 12 months. Therefore taking it out knowing this is not the case and knowing you will cancel within the 2 week period is a pretty textbook definition of 'Obtaining funds by deception', the 'funds' in this case being 2 weeks of insurance free of charge.
Whether you'd ever get found out is of course a completely different question, but not being found out doesn't stop it being fraudulent.
Caporegime
Didn't realise you could get the 14 days free tbh! Would have thought they would charge you for that period regardless!
Company I work for would refuse cover as there is already insurance in place elsewhere, we'd tell you the other policy has to be cancelled first or you need to be added to that one as a named driver.
Its a question we HAVE to ask customers when we do a temporary additional vehicle or a change of vehicle.
Admirals policy wording is different to ours though stating "If you have other insurance which covers the same liability, loss or damage we will only
pay our share of the claim. This does not apply to personal injury benefits."
Whereas ours states "If at the time any claim arises there is any other insurance covering the same loss, damage or liability,We will not be
liable"
Its a question we HAVE to ask customers when we do a temporary additional vehicle or a change of vehicle.
Admirals policy wording is different to ours though stating "If you have other insurance which covers the same liability, loss or damage we will only
pay our share of the claim. This does not apply to personal injury benefits."
Whereas ours states "If at the time any claim arises there is any other insurance covering the same loss, damage or liability,We will not be
liable"
Caporegime
Why would you not be liable? Surely as long as only 1 claim is put forward for 1 of the companies then that's all that matters.
I think the problem is how would they decide which company is liable, and if another company is covering it why should we pay out etc, so we just exclude any such claim.
[TW]Fox;17545076 said:
Lesson here - don't just assume other peoples experience will be the same as your own. Common sense I'm phoning your insurance company to ask the question is obviously the way forward
Caporegime
And that was posted before fox! Not often he's wrong, maybe it's the >100k kicking in
I'm telling you, once things go past 100k they become useless and unreliable
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