excess insurance

[leolion]

Ever heard of the above guys? 30 odd quid to get your excess back if you claim.

[bhinso]

no

[Hahadumball]

no.. why would you get it back....
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Fin: no matter how much I look at It I can't understand what was going through my head, all I remember is going about 80 and redlining it to stop it seizing.
360 Deg... Five 1/4 turns. :- Teflon-Mike 18 Jan 2015

[Ste]

How much is your excess?

[Hahadumball]

[bhinso]

Dey tuk arr jobs

[Pete.]

[bhinso]

Presumably they'd just get it back by bumping your premium up next time (and sharing info with other companies).

[johnsmith222]

[Hahadumball]

so its an insurance on an insurance excess...

only any good if you're like smiler
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Fin: no matter how much I look at It I can't understand what was going through my head, all I remember is going about 80 and redlining it to stop it seizing.
360 Deg... Five 1/4 turns. :- Teflon-Mike 18 Jan 2015

[Sister Sledge]

No but it's offered on a lot of policies.
I'd be interested to see the actual financial fallout from it.
Does it give it back for all years following?
How would your next insurer deal with the knowledge that yes you did claim last year but you were insured for your excess - you still had something nicked and they might not like it.
I'm always wary of the slimy twats.
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CCM 404 DS

[ThunderGuts]

Insurance for insurance . . . decide how likely you are to make a claim and weigh up the options. You wouldn't necessarily claim for every incident you had (e.g. a slow speed drop which can be fixed with £150 of eBay bits) and even a higher value one you might not, although strictly speaking you're supposed to declare all incidents regardless of a claim I think.
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TG.

[The Shaggy D.A.]

For just £50 I can offer you excess insurance insurance, up to the value of £30.
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Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5

[T.C]

[MCN]

You can pay for NCB Protection on most policies.

You are alowed a few claims before you lose whatever NCB/NCD you have earned.


Another issue is even if whatever was not your fault and you recover your uninsured loses (Your eccess) then an insurer may still load any future premiums.

The truth is Insurers and their brokers don't care what charity you do for they will take what they can.
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[Ste]

Presumably excess insurance is for if your bike gets stolen or if you claim from your own fully comp policy for something that was your fault.

Whether it's worth having for £30 depends on how much his excess is. I'd base my decision on that and the t&c's of the excess insurance

[bhinso]

NCB Protection is something a lot of people have these days.
Insurance companies get round it now by tarting your premium up like crazy if you have any accident.

It's almost like what losing your no claims was like before.

[Ste]

Excess insurance is not NCB protection.

[MCN]

There are some companies who break up policies into components and sell the parts as add-ons.

I had car insurance a while back from Liv Vic.

The cunts never provided euro cover. Euro cover is or was always more or less a standard component of most policies.

Now the bastirts are hacking lumps off here and there to price match on comparison sites.

Arseholes.
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[talkToTheHat]

[Wyberton John]

Excess insurance:

Received my insurance renewal today.

£73 last year - £114 this year.

No claims, points, bans etc etc and now up to 6 years NCB (though no claims in 34 years).

That did include £25 "taking the piss" renewal fee.

Now that's excessive!

Back to MCN for new quotes....
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Fazer Thou Gen 1

[R1stu]

I had it on my R1. when it was stolen, I took a low offer, as didn't know any better, and the £500 excess I believed was going to be returned.

After 6 weeks of no money, I contacted them, only to be told it didn't cover theft claims!

I was not happy. Never taken that since, and only been offered it once since then anyway.
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Carbon closet tart! https://www.bikepics.com/members/r6stuk/02r6/
Stolen bike. 2000 R1: https://www.bikepics.com/members/r6stuk/00r1/
Current bike 1991 Honda ST1100 Pan European, 1986 Honda cb350sg (Finished)