cisono Posted 18 November 2006 Posted 18 November 2006 It is car insurance renewal time again... While getting a quote, I started wondering if we've been doing it all wrong? [Even declaring someone's main occupation can be somewhat tricky at times!] For instance, if you have more than one place of work, are you REALLY supposed to declare some miles as business miles? (and what if you don't have a MAIN place of work, excluding home?) What if you are self-employed? Are all your miles business miles or what? If you declare some as business miles, will this raise your insurance premium to unbelievable levels? Just not too clear on this.
Steven Posted 18 November 2006 Posted 18 November 2006 It is car insurance renewal time again... Just not too clear on this. Isn't there someone on this forum who dabbles in Insurance?
cisono Posted 18 November 2006 Author Posted 18 November 2006 He can be your hero! He could be if he read this thread...
The People's Hero Posted 20 November 2006 Posted 20 November 2006 The amount of miles which you plan to declare or have declared as business miles is between yourself and the tax man. As far as insurance goes, you just need to makesure you have the right class of cover. Does this help or have I completely missed the point? I don't deal with motor (it's a bit small for me ) but I know quite a few helpful people who do. The advice is simply to shop around for what you believe to be the best price (usually on the net) then ring a few companies and get it 'pricematched' much cheaper. Here's an example.. Online quote for say... £800 online with Post Office (suppose this is the best you can find) Ring a Zurich backed broker, they should pricematch + 10% discount. Get reference. New quote £800 - 10% = £720. Ring Elephant/whoever. They will beat this. Or they should do anyway. Rates in general however are hardening so your cover may well cost you more than last year. Hope at least some of that is helpful. If not, email/pm me!
cisono Posted 20 November 2006 Author Posted 20 November 2006 The amount of miles which you plan to declare or have declared as business miles is between yourself and the tax man. As far as insurance goes, you just need to makesure you have the right class of cover. Does this help or have I completely missed the point? I don't deal with motor (it's a bit small for me ) but I know quite a few helpful people who do. The advice is simply to shop around for what you believe to be the best price (usually on the net) then ring a few companies and get it 'pricematched' much cheaper. Here's an example.. Online quote for say... £800 online with Post Office (suppose this is the best you can find) Ring a Zurich backed broker, they should pricematch + 10% discount. Get reference. New quote £800 - 10% = £720. Ring Elephant/whoever. They will beat this. Or they should do anyway. Rates in general however are hardening so your cover may well cost you more than last year. Hope at least some of that is helpful. If not, email/pm me! I have lots of quotes, that's not the problem... Will do
Guest Posted 21 November 2006 Posted 21 November 2006 If you need to travel for business and have to use your own car, it is best to go for business cover. Insurance companies will do anything to get out of paying if you try to make a claim, even denying you ever declared anything, as I found out to my cost. They will also 'lose' transcripts of the phone call if necessary. I'm not the only one to have suffered this way from the same company. I would not like to name names, in case of being accused of libel, but be careful with your insurance budget.
Dr The Singh Posted 21 November 2006 Posted 21 November 2006 If you need to travel for business and have to use your own car, it is best to go for business cover. Insurance companies will do anything to get out of paying if you try to make a claim, even denying you ever declared anything, as I found out to my cost. They will also 'lose' transcripts of the phone call if necessary. I'm not the only one to have suffered this way from the same company. I would not like to name names, in case of being accused of libel, but be careful with your insurance budget. Honesty is the best policy!!!
Guest Posted 21 November 2006 Posted 21 November 2006 Honesty is the best policy!!! Indeed it is. I did my bit. <_<
The People's Hero Posted 21 November 2006 Posted 21 November 2006 Also, don't forget that all people who work in insurance are scum!
lcfcalan Posted 21 November 2006 Posted 21 November 2006 Also, don't forget that all people who work in insurance are scum! Now Jimbo , just where to insert the word thieving ? Oh and you are right about increases, Mark had a renewal quote , approx £200 more than last year , and this year he has 2 years no claims . even allowing for a reasonable increase in charges, this really sucks cos you younger drivers are just getting ripped off left right and centre. He is going to call them, tell them how unfair they are, get them to do another quote , ie: do the haggling part. Then he will still refuse a new policy due to him getting a company car this coming Monday and him saving himself 80 odd quids a month in insurance fees.
cisono Posted 21 November 2006 Author Posted 21 November 2006 If you need to travel for business and have to use your own car, it is best to go for business cover. Insurance companies will do anything to get out of paying if you try to make a claim, even denying you ever declared anything, as I found out to my cost. They will also 'lose' transcripts of the phone call if necessary. I'm not the only one to have suffered this way from the same company. I would not like to name names, in case of being accused of libel, but be careful with your insurance budget. OK, I am still confused. Do I need to look for a business policy as such or can I just look for a standard motor insurance policy and declare the expected business mileage? I have just had a look at the AA car insurance policy and nowhere can I find even a mention of business use (whether included or not), except under exclusions, where it says that tools/samples carried in connection with business use are not covered (which is fine by me).
The People's Hero Posted 22 November 2006 Posted 22 November 2006 OK, I am still confused. Do I need to look for a business policy as such or can I just look for a standard motor insurance policy and declare the expected business mileage? I have just had a look at the AA car insurance policy and nowhere can I find even a mention of business use (whether included or not), except under exclusions, where it says that tools/samples carried in connection with business use are not covered (which is fine by me). Yes, you can do this. I'd certainly get it noted in writing as an endorsement on the policy.
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