Cars Stolen

pinkshoes

A friend of mine had this happen years ago, and initially the insurance refused to pay out as she had left the keys in a visible obvious location in her house that was broken in to! She had quite a battle to get them to agree to pay out!

matt1987

pinkshoes wrote: »

A friend of mine had this happen years ago, and initially the insurance refused to pay out as she had left the keys in a visible obvious location in her house that was broken in to! She had quite a battle to get them to agree to pay out!

Insurance firm wouldnt have a leg to stand on in that sense - you wont find me hiding my car keys in the house - id rather they just take them whilst I am asleep than being confronted by someone who is armed whilst I am starkers and them demanding where the keys are!

kmb500

Not sure if this is helpful advice or not but I have a lease and in the event of the car being stolen, the insurance company will pay out to the lease company and the lease will end. Don't know if it's the same with PCP but leasing and PCP are so bloody similar it's hard to tell them apart ...

Mercdriver

kmb500 wrote: »

Not sure if this is helpful advice or not but I have a lease and in the event of the car being stolen, the insurance company will pay out to the lease company and the lease will end. Don't know if it's the same with PCP but leasing and PCP are so bloody similar it's hard to tell them apart ...

Only because people treat PCPs like leaseholds. With one you have the possibility of owning the car and with the other you generally don't, so much so that many of the radio ads advertising lease deals have a disclaimer saying "You will not own the car", with extra emphasis on the not.

It will all be down in the details in the contracts and like many things they often differ from company to company.

agrinnall

matt1987 wrote: »

Insurance firm wouldnt have a leg to stand on in that sense - you wont find me hiding my car keys in the house - id rather they just take them whilst I am asleep than being confronted by someone who is armed whilst I am starkers and them demanding where the keys are!

They'll have a leg to stand on if that's what it says in the policy and you agreed to it, which it could do - your wellbeing is no concern of theirs (unless they also insure your life).

matt1987

agrinnall wrote: »

They'll have a leg to stand on if that's what it says in the policy and you agreed to it, which it could do - your wellbeing is no concern of theirs (unless they also insure your life).

With all due respect... I have yet to come across a car insurance policy which states that if your home is broken in to and they steal the keys to the car, they will not pay out..... unless of course the point of entry was an open window and you were reckless as a homeowner surrounding the security of your home.

However, if your home has been broken into by means of someone forcing entry - and thus stealing the keys to the vehicle then it would have to be a pretty crap car insurance policy to not cover it.

I know mine just dont cover if i had actually left the keys in the ignition - which I would assume all policies are like this.

neilmcl

matt1987 wrote: »

Insurance firm wouldnt have a leg to stand on in that sense - you wont find me hiding my car keys in the house - id rather they just take them whilst I am asleep than being confronted by someone who is armed whilst I am starkers and them demanding where the keys are!

And this is generally the advice by the police. Whilst don't leave your keys on display but don't then take them upstairs to bed with you either.

neilmcl

agrinnall wrote: »

They'll have a leg to stand on if that's what it says in the policy and you agreed to it, which it could do - your wellbeing is no concern of theirs (unless they also insure your life).

That would probably be classed as an unfair term which is why I very much doubt there's a policy in existence with that sort of condition.

I can only see them not paying out of you left all your windows and doors open with your car keys in easy arms reach and even then it might prove difficult to get out of not paying.

custardy

Dont know about new for old,however a friend recently was in the same boat with 2 cars stolen through house break in.
He was paid out and cleared the finance on both cars.

thescouselander

kmb500 wrote: »

Not sure if this is helpful advice or not but I have a lease and in the event of the car being stolen, the insurance company will pay out to the lease company and the lease will end. Don't know if it's the same with PCP but leasing and PCP are so bloody similar it's hard to tell them apart ...

Interestingly not all leases are like this. Some contracts make you pay back the full value of the car and all of the remaining payments under the lease. There are special gap insurance policies to cover this but always read the TS and C's carefully as there is a potential to end up seriously out of pocket.