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Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 1:48 pm
by brains_t
Well after enjoying my Givi windscreen (D322ST) for a couple of weeks, I remembered it was a mod so the insurance will need to be informed.
MCE Insurance advised there was no increase in the £230 premium however the underwriters will require £68.17 to cover the admin
. I laughed and told them I can wait till renewal time so have taken it off not to giving them an excuse to void the policy if I claim.
Re: Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 2:01 pm
by Anfield800
What a rip off? Will you be taking your custom elsewhere when you renew?
Re: Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 3:01 pm
by brains_t
Anfield800 wrote:What a rip off? Will you be taking your custom elsewhere when you renew?
Probably, not ever had bike insurance before so I went with them as the cost and benefits were reasonable although the excess was high. Hopefully next year I will have more reasonable options.
Re: Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 4:54 pm
by maddiedog
Insurance in the UK is so silly. I can mod the hell out of my scooter here in the US, and as long as I don't change the displacement, they don't care. That said, even if I did change the displacement and didn't tell them, they would probably process any claim anyways.
Insurance here protects the rider, not the insurer.
Re: Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 5:01 pm
by gn2
In the UK insurance is mandatory.
The insurance market is very competitive, most people focus on the initial headline cost of the policy and pay scant regard to the small print.
Through time and experience one learns how to select a good insurance deal which properly meets one's needs.
Most insurers do not charge any admin fee for non performance related modifications.
As with all things, caveat emptor.
Re: Naked again aka insurance rip off
Posted: Wed Jan 30, 2013 5:41 pm
by maddiedog
Gotcha. Insurance is mandatory here too. I have insurance through an organization (USAA) that only provides insurance to a certain demographic by only providing insurance to people associated with our DoD (basically any armed services -- USAF, Navy, Army, etc). The demographic is less prone to accidents and stupidity than the general populous, so my rates are generally lower and service better too.
Re: Naked again aka insurance rip off
Posted: Thu Jan 31, 2013 4:30 am
by brains_t
gn2 wrote:
Most insurers do not charge any admin fee for non performance related modifications.
Most now state you may or will incur a fee for any change on the policy and the better of them detail those changes that can wait until renewal (some speeding codes for example). I was with Ford Insure for many years and they never charged me any changes so it may be linked to newer policies. My current insurers via Sainsburys will charge £15 which is cheap, I think the average is or was £30.
I think it has more to do with keeping their quotes keen as they now generate a lot of business via comparison sites. I would not be surprised if deals via brokers did not attract admin fees.
Re: Naked again aka insurance rip off
Posted: Wed Feb 06, 2013 8:46 am
by Mitch Detailed
maddiedog wrote:Insurance in the UK is so silly. I can mod the hell out of my scooter here in the US, and as long as I don't change the displacement, they don't care. That said, even if I did change the displacement and didn't tell them, they would probably process any claim anyways.
Insurance here protects the rider, not the insurer.
If you have state farm, all they want to know about is cylinder count... this is a statement from my agent. Upgrading from 4 to 6 or 6 to 8, etc... lol. 300+ horsepower boosted 95 civic hatchback sits in my driveway now, insurance as cheap as a whistle