Thorin Posted August 17, 2006 Share Posted August 17, 2006 apparently you all seem to base a companies validity on the quality of their website,surely if you wanted to scam people- easy just have a fantastic website! you lot would be hooked:) I agree, just because they have a crap website it doesn't mean they aren't legit... but when the company they say they are resellers for also don't have a website, and the company they are agents for's website has seemingly expired, I don't trust them. And there's sod all information on all three companies when doing a quick search around on the internet. It also mentions nothing on their site about being underwritten by zurich, and you yourself said they were now 100% Eeasy brokers so I've no idea why you mention that. Quote Link to comment Share on other sites More sharing options...
Rayman Posted August 17, 2006 Share Posted August 17, 2006 Wish id not seen this now as feel like im being ripped off for insurance, will be paying up three times this amount ina few weeks and i thought i was getting a good quote! Could you not sign up for this with your credit card and if there's any problems just cancel the payment? Quote Link to comment Share on other sites More sharing options...
lockys96 Posted August 17, 2006 Share Posted August 17, 2006 because its only 440, its probably single payment Quote Link to comment Share on other sites More sharing options...
jagman Posted August 17, 2006 Author Share Posted August 17, 2006 the zurich thing is on the cert of ins I have ,and I was passing on what I was told , It could all be an elaborate scam but I would not think it would be that hard to find out ,couldnt someone call the fsa? or indeed zurich ins? Quote Link to comment Share on other sites More sharing options...
albundy68 Posted August 17, 2006 Share Posted August 17, 2006 if it was a scam and you paid on credit card you could claim it back. your current ncb stays valid for 3 years so you could take this for 2 years then go back to the ncb youre on now. (as long as you dont crash! lol) if car is written off it depends on condition and company, its Not usually written into policy. i bought mine back when it was written off for a tiny bit of cosmetic damage (silly assessor) then used the other 10 grand for a trd kit, ha ha! Quote Link to comment Share on other sites More sharing options...
albundy68 Posted August 17, 2006 Share Posted August 17, 2006 oh, n my insurance is up next month, if no one has proven either way by then i'll give it a go! Quote Link to comment Share on other sites More sharing options...
ivan Posted August 17, 2006 Share Posted August 17, 2006 Companies House check on the company number: http://wck2.companieshouse.gov.uk/aa1bea0402044cebbdbf3d4b6b432e42/compdetails Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted August 17, 2006 Share Posted August 17, 2006 your current ncb stays valid for 3 years so you could take this for 2 years then go back to the ncb youre on now. (as long as you dont crash! lol) 2 yrs mate, i was told 3 yrs and lost my no claims so basically take this policy and then renew just under 2 yrs with your no claims...so it will be 2 yrs cheap followed by 1 yr exspensive and plus side if u crash when not using your no claims you dont loose them Quote Link to comment Share on other sites More sharing options...
CJ Posted August 17, 2006 Share Posted August 17, 2006 After talking with Jagman today, this looks like a good deal to me. I can see me using their services for a few of my cars! Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted August 17, 2006 Share Posted August 17, 2006 actually i guess this rules out skylines as most are worth more the 16k if r34 Quote Link to comment Share on other sites More sharing options...
CJ Posted August 17, 2006 Share Posted August 17, 2006 Adam, do you know if they will accept multi cars? By that I mean can an individual insure more than one car? Quote Link to comment Share on other sites More sharing options...
jagman Posted August 17, 2006 Author Share Posted August 17, 2006 CJ - I dont know is the simple answer , but I suspect yes just buy 2 fixed policies? I still dont know 100% that it is real , it does seem radical for insurers I hope it is... I think a call to the FSA is required , but if they are advertising in max power every man, and his dog ,and his dogs best friend is going to want to know about it and every shitbox fiesta/corsa/uno/ group 1/2 insurance car will be worth less than a skip!!! Quote Link to comment Share on other sites More sharing options...
fat_controller Posted August 18, 2006 Share Posted August 18, 2006 and every group 19/20 beasts of cars and highly modded cars will be worth loads Quote Link to comment Share on other sites More sharing options...
CJ Posted August 18, 2006 Share Posted August 18, 2006 and every group 19/20 beasts of cars and highly modded cars will be worth loads I bloody hope so as it means my "fleet" just increased in value! Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted August 18, 2006 Share Posted August 18, 2006 I bloody hope so as it means my "fleet" just increased in value! increase the fleet now whilst you still can Quote Link to comment Share on other sites More sharing options...
SupraAyf Posted August 18, 2006 Share Posted August 18, 2006 I hope this insurance thing is going to come to fruition. SKY quoted me £1000 and Adrian Flux have just quoted £835.00. All mods declared with an agreed value of 12K for both. Hope this is not a wind-up as I'm the first one to go for a good deal! Quote Link to comment Share on other sites More sharing options...
CJ Posted August 18, 2006 Share Posted August 18, 2006 I hope this insurance thing is going to come to fruition. SKY quoted me £1000 and Adrian Flux have just quoted £835.00. All mods declared with an agreed value of 12K for both. Hope this is not a wind-up as I'm the first one to go for a good deal! I am sure this is not a wind up (Jagman doesn't do humour) but am also sure that there wont be an agreed valuation option. Quote Link to comment Share on other sites More sharing options...
albundy68 Posted August 18, 2006 Share Posted August 18, 2006 2 yrs mate, i was told 3 yrs and lost my no claims so basically take this policy and then renew just under 2 yrs with your no claims...so it will be 2 yrs cheap followed by 1 yr exspensive and plus side if u crash when not using your no claims you dont loose them 3 years with churchill and sun alliance, used mine after 2.5 years in hybernation because of accident/ban, this was only last september so doubt its changed since then. you might have lost your ncb because of an insurance salesman that didnt know what he was talking about! Quote Link to comment Share on other sites More sharing options...
Thorin Posted August 18, 2006 Share Posted August 18, 2006 http://www.4allinsure.com/ Now goes to the same "cheap car cover 4U" website under construction page. Are they the same company? If so how are they resellers for themselves? Oh dear Quote Link to comment Share on other sites More sharing options...
fat_controller Posted August 18, 2006 Share Posted August 18, 2006 pikey pikey pikey Quote Link to comment Share on other sites More sharing options...
Soop Dogg Posted August 18, 2006 Share Posted August 18, 2006 I have to say that this seems barely credible. Nothing to do with their site either. Just a few weeks back, Standard and Poor (an independent company that provides credit ratings/investment indices on major companies) said in a report that UK Motor Insurers would have to raise premiums in the near future. This is because on average, motor insurers are paying out £113 for every £100 of premium they receive. This is obviously a situation that cannot be sustained. I think Norwich Union currently pays out £104 for every £100 of premium. To enter the motor insurance market with a fixed price product like this wouldn't be such a bad idea if they applied some sort of minimum acceptance criteria to at least try to avoid the worst risks, but this company doesn't seem bothered about this. This looks suspicious in itself. This product will certainly attract the bad risks. Think about it. The best risks for motor insurance will probably be paying around this figure anyway. Even if they're paying £550, will they think it will be worth the extra excesses (particularly the windscreen one!) to save £110? So many of the best risks will stay where they are - with their current insurers. Amongst others, this company will attract the max-power brigade and who knows how much they will end up paying out in claim settlements? With a smaller 'per policy' income too, the sums won't add up for long. All this will do will be to put the bigger insurance companies in an even stronger position as they will lose their worst risks (that they didn't want anyway) to this company and keep the good risks. The product looks so 'non-standard' that I'd want to read their T's and C's very carefully before going with them. The insurance industry over recent years has become more and more sophisticated in how it rates risks and applies loadings etc to motor policies in order to make sure that risks are identified more accurately and premiums reflect a 'truer' level of risk. To simplify the situation like this by throwing rating factors out the window completely could turn out to be financial suicide - unless they plan on not paying out where at all possible. Quote Link to comment Share on other sites More sharing options...
martin_a Posted August 18, 2006 Share Posted August 18, 2006 Agreed. the money is to be made off kids insuring stuff worth thousands for absolutely nothing but only paying "market value" for the car. If you have an NA-T at 12K i bet they'd only give you back an NA off the boat 3k if you were lucky. Still you've saved all that insurance cash so it is fine! I think this will be nice and legal and fine until something goes wrong, after that, good luck making a claim. m. Quote Link to comment Share on other sites More sharing options...
jagman Posted August 18, 2006 Author Share Posted August 18, 2006 I have tried contacting the FSA to find out if this is kosher or not , as either way people would need to know, all they could tell me was that under the names that I gave them they were not registered , So I say to them "this is a scam then" they replied that under the trading names I gave them they are not registered , but they may be registered under another trading name so may be ligit, also they could be operating under another larger insurance co who are regulated , but have some sort of "approved" agents under their FSA registered number- So that didnt help then! But they have already issued insurance certs as I have seen one , these may or may not be just paper? IF its that easy ive got loads of paper and a printer , I can insure your single supra for a quid ,underwritten by my great uncle Bulgaria.....in turn underwritten by ... So still open verdict on this one Quote Link to comment Share on other sites More sharing options...
lockys96 Posted August 18, 2006 Share Posted August 18, 2006 and you even met them, they dont even know what name they are registered under FSA, thats pants Quote Link to comment Share on other sites More sharing options...
flukey-lukey Posted August 19, 2006 Share Posted August 19, 2006 bloody website doesn't exsist now??? what the hell? Quote Link to comment Share on other sites More sharing options...
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