Sheila's Wheels car insurance change in T&C's

lisyloo

At £633 you have the standard Hiscox Policy, they offer another policy aimed at the high end of the market where customers have the same demands of their insurance as they do any other purchase which is money no object for absolute first class service and cover.

Ok thanks.
We are clearly talking about different products but I think my policy is extraordinary compared with the norm (for example £15K single item limit, decent garden cover and no silly limit on personal posessions).

dacouch

raskazz wrote: »

Yes, and on motor one of their underwriters told me a couple of years ago that they decline to quote on at least 50% of the submissions they receive just because the profile of the risk is not "high worth" enough.

I think the motor insurance is accomadation business as part of the overall package so they will be picky as it's a superb product and you would not want to be covering the wrong sort of customer on it.

The rating on cars used to (May still) take into account the number of cars to drivers as this end of the market often have a few cars per driver. The more cars to drivers there were the cheaper the premium (In relation) on the basis they could only drive one car at a time.

I did some work for a friends company at a block of flats inn Knightsbridge and the residents were paying £150k per year for each underground car space. His customer had 3 cars so was paying £450k a year, they were going to have 4 but left the Mclaren at their Monte Carlo flat.

They are equally picky on the home insurance as they want genuinely high net customers. The stats are that at that end they rarely claim as they spend a lot on reducing the chances of a claim and look at insurance for catastrophes,

They are lovely products to sell as the client always renews, I'm really glad when a customer makes a claim as they see what the service is like.

david39

I've just received my new policy from LVE and there is no exclusion within it regarding driving a car belonging to my wife (although she doesn't actually have one!)

Comyface

dacouch wrote: »

I'm really glad when a customer makes a claim

Sorry, completely out of context but made me chuckle.;)