Insurance for car with engine swap...

Brooker_Dave

karenx wrote: »

for our trade policy we had to give home and business adress, so what would the op say there?

Road risks trading from home.

Brooker_Dave

dacouch wrote: »

In the event of a claim they will require proof that you are a motor trader eg adverts, invoices, receipts, books etc etc. If you cannot provide to the Insurer satisfaction theyn will void the policy.

Nonsense.

They just pay up.

dacouch

Sorry Dave but virtually all Road Risk Only Motor Trade Policies either contain a condition in the Policy Wording that you must be able to prove you are a bona fide Motor Trader if asked or they rely on the fact you have miss lead them on the proposal form.

Here is the relevant wording from the Chaucer Motor Trade Policy "H You must be able to provide if requested
• evidence that you are reliant on your motor trade activity, for a significant portion of your
income
• evidence that the earnings from your motor trade activity are declared to the appropriate
authorities."

Here is the advice given from Motortradequotes.co.uk "
How do I ensure I qualify as a Motor Trader for insurance purposes?
The definition of a motor trader is a person or persons actively operating a formal business on a full or part-time basis for profit, either selling vehicles or providing a service relating to repair or maintenance of motor vehicles. In the case of a car trader it would be their stock of vehicles held for sale and for repairers and similar occupations, the cover would be required to drive their customers cars. To ensure that you qualify for this Motor Trade Insurance, your business must be connected with the Motor Trade. In the unfortunate event of a claim on the policy you may be asked to provide trading records in relation to your Motor Trade business"

The type of Insurers that offer Motor Trade Road Risk Policies tend to be at the very cheap and cheerful end of the market and they go out of their way looking for reasons not to pay a claim. The not being a motor trader is their very first port of call for not paying a claim and being able to void a policy.

A Motor Trade Road Risk Policy is not suitable for people who are not in the Motor Trade and think they can buy a motor trade policy so they can drive any car. The policy will not be valid and there is a fairly high chance they will get found out, its really poor advice to tell the normal public to take out a Motor Trade Road Risk Policy to get cheaper insurance and / or drive any vehicle when your not entitled to the policy

dacouch

Brooker_Dave wrote: »

Nonsense.

They just pay up.

Dave I know your a bona fide motor trader, ring your broker / Insurer on Monday and ask them what would happen if someone who is not a motor trader takes a policy out and then has a claim

Quote

Brooker Dave stop being a twerp.

OP - what's wrong with paying £231 for TPFT cover on a modified vehicle? Apart from the fact it's only TPFT...how much exactly to expect to save?

Keith

I'm with HIC as for £100 more than Greenlight they did Agreed Value which could prove to be very handy.

Unfortunately it's a case of phoning round all the ones you've listed and Chris Knott, in my case I'm limited further by having a roll cage and most won't insure me

Whitewillow_2

It may be helpful if we knew what car it was and what engine you have dropped in it? I know a few people who have Novas/Astras who have dropped red-tops in them and havent had many issues with insurance, except due to their age. The quote you have been given is very cheap imho. Does it cover the modifications in full? Ive heard a few horror stories of people declairing their mods and insurance companies happily providing cover, but then when it came to claiming they would only pay market value for standard model, not including mods, so going for the cheapest quote may actually prove to be false economy?

martyp

Hi all,

Thanks for all your responses, interesting reading the discussion about a motor trader policy. I did have a quick look but I am a bit worried that it's a bit of a grey area as to whether your claims might be invalidated or not. Although I've made insurance claims for home, car and PPI in the past and had no problems at all I have read the horror stories from insurance being refused etc. and worried about that happening.
My car looks standard and I think that aside from the exhaust being shiny and a bit bigger people wouldn't really call it modified. I am honest though and did declare I have a 1.6 engine, not a 1.4 and am paying a lot more road tax as a result!:(
Anyway, back to the insurance. I would love to benefit from the tricks on here to get cash back etc but don't think it's possible in my case.
My renewal premium seems unbeatable so far...
Last year Privilege heavily reluctantly agreed to offer a premium for £1 less as per their promise (although with a huge excess and no theft cover!) although their renewal premium was about £500 more when quoted! This year, despite the page on their website still being there:
http://www.privilege.com/motor/cheaper.htm
They have advised this offer has ended...
Last year I used it to knock my renewal premium down.
I know £231 isn't a horrific premium but it's now over 5 years since my last accident, I have no convictions etc and my premium has gone up by about £30.
I know this tends to happen anyway but I spoke to a guy at HIC last week who said to me that the worst possible scenario was my renewal quote might be slightly more than last year, most likely it'll be less. He said even if it was higher they should be able to reduce it. I called and asked and without a quote to beat they said they can't reduce it...

martyp

I am looking into reducing the extras on my renewal quote which bring the total to nearly £300:
Premium (inc tax): £206.59 (£22.03 increase)
Admin fee: £25 (no change)
Free Legal Protection (no change)
Breakdown cover: £52 (£7 increase)
Personal protection £15 (£1 increase)

The premium could be reduced possibly by changing the excess and doing that driving test for £25.
Admin fee is unchangable
Breakdown cover I considered looking into
Personal protection - I wondered if this would be covered by my home insurance?

martyp

Whitewillow wrote: »

It may be helpful if we knew what car it was and what engine you have dropped in it?

It's a Peugeot 205 with a 106 GTi 1.6 16v engine, uprated brakes, Pipercross filter and stainless exhaust system.